May: Major Stock Indexes Down

Poor economic data gets blame

The Dow Industrials slipped over 1.9% in May, the first monthly drop in six month. The Dow closed Tuesday a 12570, 241 points down from April. The NASDAQ fared only slightly better with a 1.35% drop to finish at 2835, a 38-point slide from last month. Eighteen in the 20 Solar Stocks Index (20SSI) were slammed in May with the index finishing at 393.55, a 47-point slip or nearly 12%.

Only 38,000 jobs were added last month when analysts projected 175,000. Also, the Institute for Supply Management reported growth in the U.S. manufacturing sector slowed to 53.5% in May from 60.4% in April, the largest one-month drop since 1984.

Supplies of solar panels are backing up, according to a source for this blog, and some major manufacturers appear to be dumping modules at unprecedented low pricing. It would appear a good time for consumers to add solar power to their homes. The question is how many are in a position to do so.


20 Solar Stocks Index as of 5/31/11

	Close 4/29/11	Close 5/31/11	Up/Down	% Change	Close 1/5/09*	Close 3/6/09**
Dow Jones DJIA	12810.54	12570	-240.54	-1.913%	8952.89	6626.95
NASDAQ	2873.54	2835.30	-38.24	-1.348	1628.03	1293.85
Amtech Systems ASYS	22.68	21.88	-.80	-3.656	4.00	2.73
Applied Materials AMAT	15.69	13.78	-1.91	-13.86	10.67	8.70
Canadian Solar CSIQ	10.80	9.85	-.95	-9.644	7.00	3.0601
ECD (UniSolar) ENER	2.00	1.40	-.60	-42.86	29.33	17.45
Entech Solar ENSL.OB	.0433	.09	+.0467	+207.8	.28	.23
Evergreen Solar ESLR	1.35	.70	-.65	-92.85	3.60	1.03
First Solar FSLR	139.57	124.25	-15.32	-12.24	157.80	108.49
GT Solar Int. SOLR	11.17	12.76	+1.59	+14.23	4.00	4.02
Hanwha SolarOne HSOL f/k/a Solarfun	6.83	6.73	-.10	-1.485	6.12	2.30
JA Solar JASO	6.85	6.03	-.82	-13.59	5.09	1.91
Kyocera KYO	109.91	105.45	-4.46	-4.229	71.87	54.21
LDK Solar LDK	11.51	7.59	-3.92	-51.64	14.84	4.40
MEMC Elect. WFR	11.83	10.52	-1.31	-12.45	15.76	13.68
Renesola SOL	9.18	7.42	-1.76	-23.72	5.15	2.1201
Satcon SATC	3.21	2.66	-.55	-20.67	1.60	1.23
SunPower SPWRA	21.69	21.06	-.63	-2.991	45.13	23.39
SunTech STP	8.97	8.12	-.85	-10.46	13.55	5.34
Trina Solar TSL	28.47	22.95	-5.52	-24.05	10.09	7.23
Westinghouse Solar (Akeena) WEST	.455	1.13	+.675	+48.35	2.28	.61
Yingli YGE	12.53	9.18	-3.35	-36.49	7.25	3.888
20SSI Weekly Cumulative:	Previous 440.42	Current 393.55	Change -46.87/11.9%		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 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.