Solar Stocks Up Nearly 7% for Week

Dow, NASDAQ do okay, too

Solar stocks rebounded from about 2% down on average last week to nearly 7% up at the end of today's trading. This is the eighth week in a row the NASDAQ has gained. The Dow has gained seven of those eight weeks which began March 9, the supposed beginning of the current bull run.

Seventeen in the 20 Solar Stock Index were gainers with First Solar leading the pack gaining 33.43 points, an 18.48% gain for the week. First Solar reported Wednesday the Q1 revenues at $418.2 million with a net income of $164.6 million. This was down from $433.7 million in Q4 '08 but significantly better the first quarter '08 at $196.9 million. Evidently, First Solar's cadmium telluride cell technology continues to wow the PV market.

Since March 9, the DJIA has gained 19.3% overall; the NASDAQ, 24.74%. Although this solar stock index was up six of the eight weeks since March 9, the PV sector still gained over 63% since that date.

Is Wall Street simply overlooking this solar surge or is it choosing to overlook it. Rumors have compared solar's upswings to the dot.coms of the late 90s. But those were a lot of vaporware; solar power is real equipment producing real energy in a clean, renewable way. It would certainly seem to be what the nation and the world needs right now.

Week of April 27-May 1, 2009

	Monday Open	Friday Close	Up/Down	% Change	Close 1/5/09
Dow Jones DJIA	8076.29	8212.41	+136.12	+1.657%	8952.89
NASDAQ	1694.29	1719.2	+46.13	+1.657	1628.03
Akeena Solar AKNS	1.12	1.07	-.05	-4.464	2.28
Amtel Systems ASYS	3.67	4.60	+.93	+20.21	4.00
Applied Materials AMAT	11.70	12.18	+.48	+3.940	10.67
Canadian Solar CSIQ	6.46	6.86	+.40	+5.831	7.00
ECD (UniSolar) ENER	16.66	18.71	+2.05	+10.95	29.33
Entech Solar ENSL.OB	.2598	.22	-.0398	-15.35	.28
Evergreen Solar ESLR	2.16	2.11	-.05	-2.314	3.60
First Solar FSLR	147.46	180.89	+33.43	+18.48	157.80
GT Solar Int. SOLR	6.58	7.49	+.52	+6.95	4.00
JA Solar JASO	3.20	3.50	+.30	+8.571	5.09
Kyocera KYO	75.68	78.50	+2.82	+3.592	71.87
LDK Solar LDK	7.37	8.20	+.83	+10.12	14.84
MEMC Elect. WFR	15.44	16.54	+1.10	+6.650	15.76
Renesola SOL	3.08	3.45	+.37	+10.72	5.15
Satcon SATC	1.96	2.16	+.20	+9.259	1.60
SolarFun SOLF	4.07	4.1701	+.1001	+2.400	6.12
SunPower SPWRA	25.41	26.72	+.27	+1.010	45.13
SunTech STP	13.16	14.58	+1.42	+9.739	13.55
Trina Solar TSL	13.20	15.90	+2.70	+16.98	10.09
Yingli YGE	6.46	7.35	+.89	+12.10	7.25
Percent change all 20 stocks this week:				+6.72%