Financial sector leads the downturn
After an impressive beginning on Wall Street, 2010 took a header this week, today being the worst day of trading so far. MarketWatch reports J.P. Morgan Chase lead the financial sector with weaker revenues than expected and a poor outlook. The Dow finished the week at 10609.65, off nearly nine points for last Friday, a drop of .08%. The NASDAQ fared worse ending over 29 points down, about a 1.3% slide. The 20 Solar Stocks Index (20SSI) spilled nearly 48 points, an 11% drop since last week.
Intel Corp. led losses in the tech sector and most chip makers took losses as reflected by the Philadelphia Semiconductor Index (SOX), losing 3.44%. Eighteen in the 20SSI were down with Canadian Solar, Trina Solar and Renesola the biggest losers. Several solar companies however, did not lose all that was gained last week, strong as it was. Obviously, weak results for chip makers in general is bad for solar industry wide. Oil futures fell a fifth straight session today as warmer weather--despite the recent eastern cold snap--has created lower demand for heating oil.
20 Solar Stocks Index Week of Jan 11-15, 2010
| Monday Open | Friday Close | Up/Down | % Change | Close 1/5/09* | Close 3/6/09** | |
| Dow Jones DJIA | 10618.19 | 10609.65 | -8.64 | -.0804% | 8952.89 | 6626.95 |
| NASDAQ | 2317.17 | 2287.99 | -29.18 | -1.275 | 1628.03 | 1293.85 |
| Akeena Solar AKNS | 1.36 | 1.28 | -.08 | -6.250 | 2.28 | .61 |
| Amtel Systems ASYS | 11.11 | 10.89 | -.22 | -2.020 | 4.00 | 2.73 |
| Applied Materials AMAT | 14.55 | 13.73 | -.82 | -5.972 | 10.67 | 8.70 |
| Canadian Solar CSIQ | 32.68 | 25.93 | -6.75 | -26.03 | 7.00 | 3.0601 |
| ECD (UniSolar) ENER | 12.55 | 11.27 | -1.28 | -11.35 | 29.33 | 17.45 |
| Entech Solar ENSL.OB | .11 | .13 | +.02 | +18.18 | .28 | .23 |
| Evergreen Solar ESLR | 1.79 | 1.58 | -.21 | -13.29 | 3.60 | 1.03 |
| First Solar FSLR | 139.68 | 124.07 | -15.61 | -12.58 | 157.80 | 108.49 |
| GT Solar Int. SOLR | 5.95 | 5.73 | -.22 | -3.839 | 4.00 | 4.02 |
| JA Solar JASO | 6.62 | 5.60 | -1.02 | -18.21 | 5.09 | 1.91 |
| Kyocera KYO | 91.55 | 92.38 | +.83 | +.9066 | 71.87 | 54.21 |
| LDK Solar LDK | 7.96 | 7.20 | -.76 | -10.55 | 14.84 | 4.40 |
| MEMC Elect. WFR | 15.02 | 14.25 | -.77 | -5.403 | 15.76 | 13.68 |
| Renesola SOL | 5.76 | 5.10 | -.66 | -12.94 | 5.15 | 2.1201 |
| Satcon SATC | 2.75 | 2.62 | -.13 | -4.961 | 1.60 | 1.23 |
| SolarFun SOLF | 10.08 | 8.48 | -1.60 | -18.86 | 6.12 | 2.30 |
| SunPower SPWRA | 25.28 | 23.62 | -1.66 | -7.027 | 45.13 | 23.39 |
| SunTech STP | 18.03 | 15.57 | -2.46 | -15.79 | 13.55 | 5.34 |
| Trina Solar TSL | 61.08 | 49.43 | -11.65 | -23.56 | 10.09 | 7.23 |
| Yingli YGE | 18.10 | 15.21 | -2.89 | -19.00 | 7.25 | 3.888 |
| 20SSI Weekly Cumulative: | Previous 482.01 | Current 434.07 | Change -47.94/-11.04% | Avg Stock -9.92% | 1/05/09* 415.41 | 3/06/09** 266.01 |
** The Concensus "new" bull market began on Monday, March 9, 2009.
NOTE: All above stocks have market capitalization of $100M+ except Akeena Solar, Amtel Systems
and Entech Solar. This listing is strictly informational and implies neither endorsement or disapproval
of any stock listed. Comments and suggestions are always welcome.
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