Friday, May 21, 2010

May 17-21: Dow, NASDAQ, Solar Slip More


Maybe "flash crash" wasn't an anomaly

When the market tumbled precipitously about two weeks ago, some thought a computer glitch was part of the blame. On May 6 the Dow dropped to 9870--nearly a thousand points. But today the Dow finished at 10193, just above that earlier low so blaming outlying factors is questionable. Maybe the "flash crash" did a fair job of pricing the market, after all.

The Dow was off 427 points from last Friday. The NASDAQ composite fell 118 points to 2229 for the week. The 20SSI lost nearly 21 points to end today at 337.56. All but one stock, GT Solar, slipped to lows not seen in about a year. Unease with the European financial situation continues to rock stocks.

20 Solar Stocks Index Week of May 17-21, 2010

Monday Open Friday Close Up/Down % Change Close 1/5/09* Close 3/6/09**
Dow Jones DJIA 10620.16 10193.39 -426.77 -4.186% 8952.89 6626.95
NASDAQ 2346.85 2229.04 -117.81 -5.285 1628.03 1293.85






Akeena Solar AKNS .9792 .9299 -.0493 -5.301 2.28 .61
Amtel Systems ASYS 9.49 9.07 -.42 -4.630 4.00 2.73
Applied Materials AMAT 12.95 12.72 -.23 -1.808 10.67 8.70
Canadian Solar CSIQ 14.25 12.95 -1.30 -10.03 7.00 3.0601
ECD (UniSolar) ENER 6.38 5.54 -.74 -15.16 29.33 17.45
Entech Solar ENSL.OB .1799 .15 -.0299 -19.93 .28 .23
Evergreen Solar ESLR 1.01 .967 -.34 -4.446 3.60 1.03
First Solar FSLR 120.31 113.95 -6.36 -5.581 157.80 108.49
GT Solar Int. SOLR 5.44 5.59 +.15 +2.757 4.00 4.02
JA Solar JASO 6.09 5.04 -1.05 -20.83 5.09 1.91
Kyocera KYO 93.24 90.00 -3.24 -3.6 71.87 54.21
LDK Solar LDK 6.08 5.74 -.34 -5.923 14.84 4.40
MEMC Elect. WFR 11.79 11.01 -.78 -7.084 15.76 13.68
Renesola SOL 6.48 5.73 -.75 -13.09 5.15 2.1201
Satcon SATC 2.69 2.38 -.31 -13.02 1.60 1.23
SolarFun SOLF 7.10 6.70 -.40 -5.970 6.12 2.30
SunPower SPWRA 13.05 11.22 -1.83 -16.31 45.13 23.39
SunTech STP 10.57 10.10 -.47 -4.653 13.55 5.34
Trina Solar TSL 20.10 18.20 -1.90 -10.44 10.09 7.23
Yingli YGE 10.01 9.57 -.44 -4.597 7.25 3.888
20SSI Weekly Cumulative: Previous 358.19 Current 337.56 Change -20.63/-6.1% Avg Stock -8.487% 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 are always welcome.


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