Friday, February 26, 2010

Feb 22-26: Dow, NASDAQ Slip: Solar Down 5%


Solar at lowest since April


The Dow slipped 77 points since last Friday to finish at 10325.26, a .75% loss. NASDAQ fared better with a nearly a 6-point drop to end at 2238.26. a .25% slip. Composite shares in the 20 Solar Stocks Index dropped nearly 19 points finishing a 353.08, almost a 5% slide.

Still, stocks in the DJIA and NASDAQ finished February considerably higher than at the end of January as the NASDAQ composite gained over 4%. February was the best month of trading for the two major indexes since November.The 20SSI lost 5.55% since January 29.

MarketWatch reports the modest gains "lifted by some improvement in U.S. economic data, though worries about consumer spending and sovereign debt kept a lid on optimism."

Investors were heartened on Friday by a Commerce Department report which said the fourth quarter last year grew by 5.9%--best since Q3 of 2003--surpassing expectations of 5.7%. Consumer spending was more modest than expected however with a 1.7% rate increase when 2% was expected.

Solar stocks should make a comeback soon as more people "think solar" when the days get longer and sunnier.

20 Solar Stocks Index Week of Feb 22-26, 2010

Monday Open Friday Close Up/Down % Change Close 1/5/09* Close 3/6/09**
Dow Jones DJIA 10402.35 10325.26 -77.09 -.7466% 8952.89 6626.95
NASDAQ 2243.87 2238.26 -5.61 -.2506 1628.03 1293.85






Akeena Solar AKNS 1.10 1.05 -.05 -4.761 2.28 .61
Amtel Systems ASYS 8.64 8.69 +.05 +.5787 4.00 2.73
Applied Materials AMAT 12.50 12.24 -.26 -2.124 10.67 8.70
Canadian Solar CSIQ 20.52 19.12 -1.40 -7.322 7.00 3.0601
ECD (UniSolar) ENER 7.53 7.20 -.33 -4.583 29.33 17.45
Entech Solar ENSL.OB .1725 .1640 -.0085 -5.182 .28 .23
Evergreen Solar ESLR 1.27 1.12 -.15 -13.39 3.60 1.03
First Solar FSLR 116.00 105.75 -10.25 -9.692 157.80 108.49
GT Solar Int. SOLR 5.77 5.95 +.18 +3.119 4.00 4.02
JA Solar JASO 5.12 4.96 -.16 -3.225 5.09 1.91
Kyocera KYO 89.42 88.94 -.48 -.5396 71.87 54.21
LDK Solar LDK 6.58 6.19 -.39 -6.300 14.84 4.40
MEMC Elect. WFR 12.50 12.11 -.39 -3.220 15.76 13.68
Renesola SOL 5.11 5.07 -.04 -.7889 5.15 2.1201
Satcon SATC 2.44 2.34 -.10 -4.273 1.60 1.23
SolarFun SOLF 7.25 6.60 -.65 -9.848 6.12 2.30
SunPower SPWRA 19.79 18.75 -1.04 -5.546 45.13 23.39
SunTech STP 13.44 13.26 -.18 -1.357 13.55 5.34
Trina Solar TSL 24.42 22.00 -2.42 -11.00 10.09 7.23
Yingli YGE 12.45 11.58 -.87 -7.512 7.25 3.888
20SSI Weekly Cumulative: Previous 372.02 Current 353.08 Change -18.94/-5.3% Avg Stock -4.848% 1/05/09* 415.41 3/06/09** 266.01
* The starting date of the 20 Solar Stock Index (20SSI).
** 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.


allvoices

No comments:

Post a Comment

 

web site visitor stats
DVD Rentals