Solar stocks are bleeding less... for now
Although falling below 10,000 this week, the Dow Jones Industrial Averages dropped 55 points to close at 10012.23, a .55% dip. The NASDAQ slid six points to end at 2141.22, off .29% from last week. The 20 Solar Stocks Index (20SSI) shaved less than a point from last Friday ending at 371.71, a .26% slip.
The week was wild as triple-digit changes for the Dow occurred on three days. The upswing today could be related to an encouraging jobs report that showed national unemployment at 9.7%, the lowest since August. MarketWatch reports that retailers through January posted five straight weeks of strong sales as Holiday gift cards are getting redeemed and more. clearance sales.
The American auto industry was mixed as Ford and GM posted increased sales and Chrysler losing. For the first time in a generation U.S. automakers may gain from Toyota's continuing problems with almost its entire line-up of cars. The Prius, the darling of Toyota for the past decade, is now facing an investigation by federal regulators about complaints of the breaking system and headlights suddenly going out. Many industry watchers are saying Toyota's climb back to customer trust could take a long time.
Thirteen solar stocks actually gained by small margins this week. The biggest winners were JA Solar and Trina Solar, up 6% and 9% respectively and several in the +3% range.
20 Solar Stocks Index Week of Feb 1-5, 2010
| Monday Open | Friday Close | Up/Down | % Change | Close 1/5/09* | Close 3/6/09** | |
| Dow Jones DJIA | 10067.33 | 10012.23 | -55.1 | -.5503% | 8952.89 | 6626.95 |
| NASDAQ | 2147.35 | 2141.12 | -6.23 | -.2909 | 1628.03 | 1293.85 |
| Akeena Solar AKNS | 1.14 | 1.11 | -.03 | -2.702 | 2.28 | .61 |
| Amtel Systems ASYS | 10.42 | 10.44 | +.02 | +.1919 | 4.00 | 2.73 |
| Applied Materials AMAT | 12.18 | 12.23 | +.05 | +.4105 | 10.67 | 8.70 |
| Canadian Solar CSIQ | 21.13 | 22.02 | +.85 | +4.212 | 7.00 | 3.0601 |
| ECD (UniSolar) ENER | 9.12 | 9.07 | -.05 | -.7734 | 29.33 | 17.45 |
| Entech Solar ENSL.OB | .13 | .14 | .01 | +.7692 | .28 | .23 |
| Evergreen Solar ESLR | 1.44 | 1.41 | -.03 | -2.127 | 3.60 | 1.03 |
| First Solar FSLR | 113.30 | 114.19 | +.89 | +.7855 | 157.80 | 108.49 |
| GT Solar Int. SOLR | 5.75 | 5.97 | +.22 | +3.826 | 4.00 | 4.02 |
| JA Solar JASO | 4.30 | 4.56 | +.26 | +6.046 | 5.09 | 1.91 |
| Kyocera KYO | 92.72 | 87.49 | -5.23 | -5.977 | 71.87 | 54.21 |
| LDK Solar LDK | 6.23 | 6.42 | +.19 | +3.049 | 14.84 | 4.40 |
| MEMC Elect. WFR | 12.57 | 12.49 | -.08 | -.6405 | 15.76 | 13.68 |
| Renesola SOL | 4.40 | 4.54 | +.14 | +3.181 | 5.15 | 2.1201 |
| Satcon SATC | 2.30 | 2.38 | +.08 | +3.478 | 1.60 | 1.23 |
| SolarFun SOLF | 7.21 | 7.29 | +.08 | +1.109 | 6.12 | 2.30 |
| SunPower SPWRA | 20.39 | 19.65 | -.74 | -3.765 | 45.13 | 23.39 |
| SunTech STP | 13.51 | 13.01 | -.50 | -3.843 | 13.55 | 5.34 |
| Trina Solar TSL | 21.93 | 24.05 | +2.12 | +9.667 | 10.09 | 7.23 |
| Yingli YGE | 12.52 | 13.26 | +.74 | +5.910 | 7.25 | 3.888 |
| 20SSI Weekly Cumulative: | Previous 372.69 | Current 371.72 | Change -.97/-.2609% | Avg Stock +.6570% | 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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