July 5-9: Dow, NASDAQ, Solar Rally Big Time (Adjusted)

Big bounce back

U.S. stocks had their best week in nearly a year on optimism of second-quarter earnings that propelled a surge from the worst levels this year.

The DJIA shot 511 points up to finish Friday at 10197.72, a 5.3% gain. NASDAQ followed suit with a 105-point gain to 2196.45, a 5% jump. The 20 Solar Stock Index (20SSI) saw a second straight plus week with a eight-point gain to 362.93, a 9% bump. (NOTE: SSI total was first reported closing at 341.28 for the week. Corrected 7/17/10)

Nineteen in the 20SSI gained with JA Solar, SolarFun, and Suntech leading the pack. Average solar stock gains were over 9%.

MarketWatch reports that the rally comes from investors hopeful that the recent 2010 lows may have exaggerated expected lows on corporate earnings from the slipping euro and a slow global economy.

Now the focus is on what the actual second-quarter earnings will be.

20 Solar Stocks Index Week of July 5-9, 2010

	Monday Open	Friday Close	Up/Down	% Change	Close 1/5/09*	Close 3/6/09**
Dow Jones DJIA	9686.48	10197.72	+511.24	+5.277%	8952.89	6626.95
NASDAQ	2091.79	2196.45	+104.66	+5.003	1628.03	1293.85
Akeena Solar AKNS	.58	.66	+.08	+13.39	2.28	.61
Amtel Systems ASYS	8.59	8.69	+.10	+1.164	4.00	2.73
Applied Materials AMAT	12.00	12.30	+.30	+2.500	10.67	8.70
Canadian Solar CSIQ	10.14	11.45	+1.31	+12.92	7.00	3.0601
ECD (UniSolar) ENER	4.59	4.81	+.22	+4.793	29.33	17.45
Entech Solar ENSL.OB	.14	.1380	-.0020	-1.449	.28	.23
Evergreen Solar ESLR	.6399	.75	+.1101	+17.20	3.60	1.03
First Solar FSLR	120.52	132.13	+11.61	+9.879	157.80	108.49
GT Solar Int. SOLR	5.65	6.11	+.46	+8.141	4.00	4.02
JA Solar JASO	5.08	6.16	+1.08	+21.26	5.09	1.91
Kyocera KYO	80.28	84.02	+3.74	+4.658	71.87	54.21
LDK Solar LDK	5.55	6.15	+.60	+10.81	14.84	4.40
MEMC Elect. WFR	9.67	10.81	+1.14	+11.79	15.76	13.68
Renesola SOL	6.84	7.60	+.76	+11.11	5.15	2.1201
Satcon SATC	2.84	2.89	+.05	+1.760	1.60	1.23
SolarFun SOLF	7.43	8.99	+1.56	+20.99	6.12	2.30
SunPower SPWRA	12.81	14.39	+1.58	+12.33	45.13	23.39
SunTech STP	9.39	11.37	+1.98	+21.08	13.55	5.34
Trina Solar TSL	19.26	21.11	+1.85	+9.605	10.09	7.23
Yingli YGE	11.12	12.40	+1.28	+11.51	7.25	3.888
20SSI Weekly Cumulative:	Previous 333.12	Current 362.93	Change +29.81/+8.94%	Avg Stock +9.227%***	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.
*** Starting 6/11/10: In order to arrive at a truer stock gain/loss percentage, stocks with the highest percentage gain and worst drop are eliminated from the average.
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.