Election week good for markets
Trading on Wall Street got a boost from Tuesday's election, it seems, as the coming GOP House bodes well for America's corporatocracy. Both the Dow and NASDAQ gained nearly 3% to finish today at 11444 and 2579 respectively. The 20 Solar Stocks Index (20SSI) followed suit with a 20-point gain to finish Friday at nearly 434, almost 5% up from last week.
20 Solar Stocks Index Week of Nov 1-5, 2010
| Monday Open | Friday Close | Up/Down | % Change | Close 1/5/09* | Close 3/6/09** | |
| Dow Jones DJIA | 11118.49 | 11444.08 | +325.59 | +2.93% | 8952.89 | 6626.95 |
| NASDAQ | 2507.41 | 2578.98 | +71.57 | +2.81 | 1628.03 | 1293.85 |
| Amtel Systems ASYS | 16.74 | 18.27 | +1.53 | +9.139 | 4.00 | 2.73 |
| Applied Materials AMAT | 12.35 | 12.98 | +.63 | +5.101 | 10.67 | 8.70 |
| Canadian Solar CSIQ | 13.97 | 15.85 | +1.88 | +13.45 | 7.00 | 3.0601 |
| ECD (UniSolar) ENER | 4.52 | 4.46 | -.06 | -1.345 | 29.33 | 17.45 |
| Entech Solar ENSL.OB | .09 | .10 | +.01 | +11.11 | .28 | .23 |
| Evergreen Solar ESLR | .93 | .934 | +.004 | +.4301 | 3.60 | 1.03 |
| First Solar FSLR | 137.68 | 138.83 | +1.15 | +.8352 | 157.80 | 108.49 |
| GT Solar Int. SOLR | 8.23 | 8.84 | +.59 | +7.411 | 4.00 | 4.02 |
| JA Solar JASO | 8.33 | 9.43 | +1.10 | +13.20 | 5.09 | 1.91 |
| Kyocera KYO | 99.73 | 105.36 | +5.63 | +5.645 | 71.87 | 54.21 |
| LDK Solar LDK | 11.37 | 13.19 | +1.82 | +16.00 | 14.84 | 4.40 |
| MEMC Elect. WFR | 12.56 | 12.73 | +,17 | +1.353 | 15.76 | 13.68 |
| Renesola SOL | 11.97 | 12.96 | +.99 | +8.270 | 5.15 | 2.1201 |
| Satcon SATC | 4.03 | 4.31 | +.28 | +6.947 | 1.60 | 1.23 |
| SolarFun SOLF | 10.28 | 10.21 | +.07 | +.6856 | 6.12 | 2.30 |
| SunPower SPWRA | 13.60 | 14.32 | +.72 | +5.294 | 45.13 | 23.39 |
| SunTech STP | 8.49 | 9.30 | +.81 | +9.540 | 13.55 | 5.34 |
| Trina Solar TSL | 26.29 | 28.63 | +2.34 | +8.900 | 10.09 | 7.23 |
| Westinghouse Solar (Akeena) WEST | .50 | .452 | -.048 | -10.62 | 2.28 | .61 |
| Yingli YGE | 11.66 | 12.82 | +1.16 | +9.948 | 7.25 | 3.888 |
| 20SSI Weekly Cumulative: | Previous 413.75 | Current 433.98 | Change +20.23/+4.89% | Avg Stock +6.43%*** | 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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Hi Dave,
ReplyDeleteThanks for summarizing the solar equities. Earnings were out this week for three of the ones I hold and WOW! I could not help but take a profit on LDK will get back in when it retreats a little. What is clear is that orders are well up for next year and they don’t seem to be affected by the bad news re declining FIT’s . Hopefully in the next year or so the price will be so low that solar sells itself.
Question.. Do you know anything about DayStar Technologies NASDAQ:DSTI ? Zacks has it as ranked #1 with a price of $5.00. Are they in production yet?
thanks Rob