Dow gains all four days
The Dow Jones Industrial Average gained over 303 point for the week to end at 10402.35, a 3%. NASDAQ was close behind with a 60-point jump to 2243.87, a rise of 2.7%. Solar issues in the 20 Solar Stocks Index (20SSI) eked out a minute .07 to finish up at 372.02.
According to MarketWatch, Dow's blue chip investors fretted less about the Greece's dire financial straits and are beginning to see signs in the U.S. that the recovery is taking hold. This trend continued Friday when the Fed moved to increase the discount rate on emergency loans, interpreted by investors the such a hike is a sign of a strengthening U.S. economy since banks no longer need the extraordinary measures put in place at the height of the crisis.
Besides the Fed, central banks in China, Australia and elsewhere have cut back on the easy flow of money to banking institutions.
Solar is typically slow in winter and should pick up as demand for systems and those already sold when the snow and ice go and installations can be made.
20 Solar Stocks Index Week of Feb 16-19, 2010
| Monday Open | Friday Close | Up/Down | % Change | Close 1/5/09* | Close 3/6/09** | |
| Dow Jones DJIA | 10099.14 | 10402.35 | +303.21 | +3.002% | 8952.89 | 6626.95 |
| NASDAQ | 2183.53 | 2243.87 | +60.34 | +2.763 | 1628.03 | 1293.85 |
| Akeena Solar AKNS | 1.03 | 1.10 | +.07 | +6.796 | 2.28 | .61 |
| Amtel Systems ASYS | 8.84 | 8.64 | -.20 | -2.314 | 4.00 | 2.73 |
| Applied Materials AMAT | 12.47 | 12.50 | +.03 | +.2405 | 10.67 | 8.70 |
| Canadian Solar CSIQ | 23.00 | 20.52 | -1.48 | -12.08 | 7.00 | 3.0601 |
| ECD (UniSolar) ENER | 7.74 | 7.53 | -.21 | -2.788 | 29.33 | 17.45 |
| Entech Solar ENSL.OB | .1450 | .1725 | +.0275 | +18.96 | .28 | .23 |
| Evergreen Solar ESLR | 1.22/TD> | 1.27 | +.05 | +4.098 | 3.60 | 1.03 |
| First Solar FSLR | 115.10 | 116.00 | +.90 | +.7981 | 157.80 | 108.49 |
| GT Solar Int. SOLR | 5.97 | 5.77 | -.20 | -3.466 | 4.00 | 4.02 |
| JA Solar JASO | 5.12 | 5.12 | NC | NC | 5.09 | 1.91 |
| Kyocera KYO | 88.32 | 89.42 | +1.10 | +1.245 | 71.87 | 54.21 |
| LDK Solar LDK | 6.82 | 6.58 | -.24 | -3.647 | 14.84 | 4.40 |
| MEMC Elect. WFR | 12.45 | 12.50 | +.05 | +.4016 | 15.76 | 13.68 |
| Renesola SOL | 5.03 | 5.11 | +.08 | +1.590 | 5.15 | 2.1201 |
| Satcon SATC | 2.44 | 2.44 | NC | NC | 1.60 | 1.23 |
| SolarFun SOLF | 7.44 | 7.25 | -.19 | -2.620 | 6.12 | 2.30 |
| SunPower SPWRA | 19.69 | 19.79 | +.10 | +.5078 | 45.13 | 23.39 |
| SunTech STP | 13.48 | 13.44 | -.04 | -.2976 | 13.55 | 5.34 |
| Trina Solar TSL | 24.27 | 24.42 | +.25 | +.6180 | 10.09 | 7.23 |
| Yingli YGE | 12.68 | 12.45 | -.23 | -1.847 | 7.25 | 3.888 |
| 20SSI Weekly Cumulative: | Previous 371.95 | Current 372.02 | Change +.07/+.019% | Avg Stock +.3097% | 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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