Continued weak economic news
The Dow Jones Industrial Average posted a second-straight week of losses, although this week was much less severe than last. The Dow slipped 89.53 points to finish at 10214, a 2.98% drop from last week. The NASDAQ index picked up just over 6 points to finish at 2178, a .3% rise. The 20 Solar Stocks Index composite gained a trifling 2.13 points to end at 360.43 or .6%.
MarketWatch reports the drop in the Euro shows a continuing sovereign debt problem abroad. Better corporate news was countered by weaker-than-expected economic data for a push-pull week of trading on Wall Street. Solar's biggest gainer in the 20SSI was Amtel Systems, up over 12%.
According to MarketWatch, some investors remained optimistic charging that too much reliance was placed on short-term jobs data, although volatility in stock prices should remain through the fall.
20 Solar Stocks Index Week of August 9-13, 2010
| Monday Open | Friday Close | Up/Down | % Change | Close 1/5/09* | Close 3/6/09** | |
| Dow Jones DJIA | 10303.15 | 10215.62 | -89.53 | -2.968% | 8952.89 | 6626.95 |
| NASDAQ | 2173.48 | 2179.76 | +6.28 | +.2889 | 1628.03 | 1293.85 |
| Amtel Systems ASYS | 11.92 | 14.31 | +2.39 | +12.03 | 4.00 | 2.73 |
| Applied Materials AMAT | 11.17 | 11.09 | -.04 | -.7213 | 10.67 | 8.70 |
| Canadian Solar CSIQ | 11.59 | 11.78 | +.19 | +1.639 | 7.00 | 3.0601 |
| ECD (UniSolar) ENER | 4.22 | 4.16 | -.06 | -1.442 | 29.33 | 17.45 |
| Entech Solar ENSL.OB | .10 | .10 | NC | 0 | .28 | .23 |
| Evergreen Solar ESLR | .62 | .64 | +.02 | +3.225 | 3.60 | 1.03 |
| First Solar FSLR | 124.52 | 125.03 | +.51 | +.4095 | 157.80 | 108.49 |
| GT Solar Int. SOLR | 7.95 | 7.64 | -.31 | -4.057 | 4.00 | 4.02 |
| JA Solar JASO | 5.77 | 5.69 | -.08 | -1.405 | 5.09 | 1.91 |
| Kyocera KYO | 87.80 | 87.79 | -.01 | -.0113 | 71.87 | 54.21 |
| LDK Solar LDK | 7.27 | 7.01 | -.26 | -3.708 | 14.84 | 4.40 |
| MEMC Elect. WFR | 10.47 | 10.48 | +.01 | +.0955 | 15.76 | 13.68 |
| Renesola SOL | 7.48 | 7.89 | +.41 | +5.481 | 5.15 | 2.1201 |
| Satcon SATC | 3.23 | 3.27 | +.04 | +1.238 | 1.60 | 1.23 |
| SolarFun SOLF | 10.28 | 10.26 | -.02 | -.1949 | 6.12 | 2.30 |
| SunPower SPWRA | 12.07 | 10.49 | -1.58 | -15.06 | 45.13 | 23.39 |
| SunTech STP | 8.75 | 8.18 | -.57 | -6.968 | 13.55 | 5.34 |
| Trina Solar TSL | 21.76 | 23.01 | +1.25 | -5.744 | 10.09 | 7.23 |
| Westinghouse Solar (Akeena) WEST | .7721 | .6999 | -.0722 | -10.31 | 2.28 | .61 |
| Yingli YGE | 10.56 | 10.91 | +.35 | +3.314 | 7.25 | 3.888 |
| 20SSI Weekly Cumulative: | Previous 358.30 | Current 360.43 | Change +2.13/+.5944% | Avg Stock -1.02%*** | 1/05/09* 415.41 | 3/06/09** 266.01 |
** 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 Westinghouse Solar (formerly Akeena), 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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