Friday, August 7, 2009

Dow, NASDAQ Chug On; Solar Index Down by Jigger


Canadian Solar up over 26%


Although it was up 181 points earlier today, the Dow Jones Industrial Average finished up 114 points today to end the week at 9370.07, the highest in nine months. NASDAQ also finished the week well at 2000.25, about 22 points up from last Friday. The 20 Solar Stock Index closed down 3.67 points from last week to 429.08.

Major gainers on the Dow and NASDAQ range from D.R. Horton, a home-building firm, Hansen Naturals, the soda company and AES, an electrical power giant, so success seems diverse, at least for the week. Gains by two of Dow's former members drip with irony. Recent upturns by AIG and Citigroup (both NYSE and both TARP money) shows there may be a smidgen of hope for American taxpayers who own 75% alone of AIG from bail-out cash infused since last fall.

Canadian Solar International was the week's biggest gainer in the 20SSI by far--up 3.86 for the week, over a 26% climb from last Friday. Just yesterday CSI released second quarter results showing a net revenues of $114.2M, a 131% increase from Q109. Today CSI announced it has signed a "broad strategic" agreement with Guodian Power Development Co., Ltd., one of China's largest utilities.

First Solar closed down for the week by nearly 8 points, a 5.4% loss despite Q209 revenues up around 20% from first quarter's results. First Solar's thin-film modules have been wildly popular because of their rock-bottom low pricing. Yet standard silicon panel prices are at all-time lows now, too, and their higher efficiencies require significantly less space to install. Could the First Solar bubble be bursting?

20 Solar Stocks Index Week of August 3-7, 2009

Monday Open Friday Close Up/Down % Change Close 1/5/09* Close 3/6/09**
Dow Jones DJIA 9171.62 9370.07 +198.45 +2.163% 8952.89 6626.95
NASDAQ 1978.5 2000.25 +21.75 +1.953 1628.03 1293.85






Akeena Solar AKNS 1.3101 1.26 -.0501 -3.976 2.28 .61
Amtel Systems ASYS 5.74 5.63 -.11 -1.953 4.00 2.73
Applied Materials AMAT 13.80 13.52 -.28 -2.071 10.67 8.70
Canadian Solar CSIQ 14.54 18.40 +3.86 +26.54 7.00 3.0601
ECD (UniSolar) ENER 14.24 13.58 -.66 -4.860 29.33 17.45
Entech Solar ENSL.OB .2300 .2230 -.007 -.3139 .28 .23
Evergreen Solar ESLR 2.10 2.06 -.04 -1.941 3.60 1.03
First Solar FSLR 154.39 146.47 -7.92 -5.407 157.80 108.49
GT Solar Int. SOLR 6.20 6.50 +.30 +4.838 4.00 4.02
JA Solar JASO 4.81 5.20 +.39 +8.108 5.09 1.91
Kyocera KYO 80.17 80.72 +.55 +.6860 71.87 54.21
LDK Solar LDK 10.94 11.64 +.70 +6.398 14.84 4.40
MEMC Elect. WFR 17.62 17.46 -.16 -.9163 15.76 13.68
Renesola SOL 5.45 5.67 +.22 +4.036 5.15 2.1201
Satcon SATC 1.89 2.02 +.13 +6.878 1.60 1.23
SolarFun SOLF 7.20 7.84 -.64 +8.888 6.12 2.30
SunPower SPWRA 32.20 30.69 -1.51 -4.920 45.13 23.39
SunTech STP 18.39 18.22 -.17 -.9330 13.55 5.34
Trina Solar TSL 28.26 28.58 +.32 +1.132 10.09 7.23
Yingli YGE 13.27 13.40 +.13 +.9796 7.25 3.888
20SSI Weekly Cumulative: Previous 432.75 Current 429.08 Change -3.67/-.85% Avg Stock +.2.06% 1/05/09* 415.41 3/06/09** 266.01
* The starting date of the 20 Solar Stock Index (20SSI).
** NOTE: Consensus "new" bull market began on Monday, March 9, 2009.


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