Friday, March 5, 2010

March 1-5: Dow, NASDAQ Up Again; Solar Rallies


Solar index shows 19 of 20 gain for week

There was a general rally of American stocks as recent Labor Department data showed non-farm payrolls fell by 36,000 last month which is far below the 90,000 expected by economists polled by MarketWatch. Unemployment held at 9.7%. slightly better than a 9.8% projection.

The Dow shot up nearly 291 points to finish today at 10566.20, a 2.3% gain. The NASDAQ index 88 points to close at 2326.35, nearly a 4% gain. It was the second consecutive week of gains for both indexes. Nineteen of the 20 Solar Stocks Index saw gains and finished the week at 369.61, a 4.6% surge.

Top winners in solar were Canadian Solar, Evergreen Solar and SunTech. Solar could see a continued rebound as warmer weather gets more of the nation thinking solar power.

20 Solar Stocks Index Week of March 1-5, 2010

Monday Open Friday Close Up/Down % Change Close 1/5/09* Close 3/6/09**
Dow Jones DJIA 10325.26 10566.20 +240.94 +2.333% 8952.89 6626.95
NASDAQ 2238.26 2326.35 +88.09 +3.935 1628.03 1293.85






Akeena Solar AKNS 1.05 1.11 +.06 +5.714 2.28 .61
Amtel Systems ASYS 8.69 8.80 +.11 +1.265 4.00 2.73
Applied Materials AMAT 12.24 12.29 +.05 +.4084 10.67 8.70
Canadian Solar CSIQ 19.12 21.53 +2.41 +12.60 7.00 3.0601
ECD (UniSolar) ENER 7.20 7.88 +.68 +9.444 29.33 17.45
Entech Solar ENSL.OB .1640 .1780 +.0140 +8.536 .28 .23
Evergreen Solar ESLR 1.12 1.29 +.17 +15.17 3.60 1.03
First Solar FSLR 105.75 108.62 +2.87 +2.713 157.80 108.49
GT Solar Int. SOLR 5.95 5.38 +.57 +10.59 4.00 4.02
JA Solar JASO 5.12 4.96 -.16 -3.225 5.09 1.91
Kyocera KYO 88.94 91.73 +2.79 +3.136 71.87 54.21
LDK Solar LDK 6.19 6.62 +.43 +6.946 14.84 4.40
MEMC Elect. WFR 12.11 12.90 +.79 +6.523 15.76 13.68
Renesola SOL 5.07 5.50 +.43 +8.481 5.15 2.1201
Satcon SATC 2.34 2.28 -.06 -2.631 1.60 1.23
SolarFun SOLF 6.60 6.84 +.24 +3.636 6.12 2.30
SunPower SPWRA 18.75 20.42 +1.67 +8.906 45.13 23.39
SunTech STP 13.26 14.86 +1.60 +12.06 13.55 5.34
Trina Solar TSL 22.00 23.54 +1.54 +1.07 10.09 7.23
Yingli YGE 11.58 12.88 +1.30 +11.22 7.25 3.888
20SSI Weekly Cumulative: Previous 353.08 Current 369.61 Change +16.53/+4.6% Avg Stock +6.11% 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.


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