Oct 26-30: Dow, NASDAQ, Solar Slip More

Poor week all around for Wall Street

Despite yesterday's good report of the GDP, U.S. stocks tumbled today. MarketWatch reports BofA, JPMorgan Chase and Alcoa led Dow's majors to Friday's 259-point loss to finish at 9972.18. a 2.7% slide for the week. The NASDAQ dropped 109 points since last Friday, a 5.3% slide to 2045.11. Solar Stocks in the 20SSI dropped over 50 points, off 13.6% for the week.

All but one solar stock fell; JA Solar finished up .06. First Solar took the biggest hit dropping a whopping 30 points for a 25% loss for the week. Evidently, few investors caught any of the excitement at this year's Solar Power International 2009 trade show in Anaheim this week as solar stocks dropped an average near 10%.

Investors are still uncertain about the state of the economy and whether stocks are the place to put money. But then historically, October has been a scary month in more ways than one. Will the looming Holiday season be the make or break for the year?

20 Solar Stocks Index Week of Oct 26-30, 2009

	Monday Open	Friday Close	Up/Down	% Change	Close 1/5/09*	Close 3/6/09**
Dow Jones DJIA	9972.18	9712.73	-259.45	-2.671%	8952.89	6626.95
NASDAQ	2154.47	2045.11	-109.36	-5.347	1628.03	1293.85
Akeena Solar AKNS	1.09	.94	-.15	-15.95	2.28	.61
Amtel Systems ASYS	5.85	5.40	-.45	-8.333	4.00	2.73
Applied Materials AMAT	12.95	12.20	-.75	-6.147	10.67	8.70
Canadian Solar CSIQ	16.00	14.58	-1.42	-9.739	7.00	3.0601
ECD (UniSolar) ENER	12.53	10.77	-1.76	-16.34	29.33	17.45
Entech Solar ENSL.OB	.1500	.1450	-.0050	-3.448	.28	.23
Evergreen Solar ESLR	1.64	1.45	-.19	-13.10	3.60	1.03
First Solar FSLR	152.39	121.93	-30.46	-24.98	157.80	108.49
GT Solar Int. SOLR	5.57	5.25	-.32	-6.095	4.00	4.02
JA Solar JASO	3.77	3.83	+.06	+1.591	5.09	1.91
Kyocera KYO	87.07	83.47	-3.60	-4.312	71.87	54.21
LDK Solar LDK	7.58	6.78	-.80	-11.79	14.84	4.40
MEMC Elect. WFR	13.57	12.41	-1.16	-9.347	15.76	13.68
Renesola SOL	4.05	3.68	-.37	-10.05	5.15	2.1201
Satcon SATC	2.12	2.04	-.08	-3.921	1.60	1.23
SolarFun SOLF	5.25	4.75	-.50	-10.53	6.12	2.30
SunPower SPWRA	28.35	24.81	-3.54	-14.27	45.13	23.39
SunTech STP	13.64	12.67	-.97	-7.655	13.55	5.34
Trina Solar TSL	35.55	32.52	-3.03	-9.317	10.09	7.23
Yingli YGE	12.63	11.58	-1.05	-9.067	7.25	3.888
20SSI Weekly Cumulative:	Previous 421.75	Current 371.21	Change -50.54/-13.6%	Avg Stock -9.64%	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 capitization 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 and suggestions are always welcome.

Solar Power International 2009: A Quick Review

Lots of exhibitors--not much new

Solar Power International 2009 in Anaheim, California this week had much of the same energy--pun intended--of last year's trade show in San Diego. There seemed to be more exhibitors as the solar industry is one of the very few growth sectors in the world's economy.

Still, like last year's trade show, there seemed very little that was new.

Ascent Solar (ASTI), of Littleton, Colorado has brought its copper, indium, gallium, selenide (CIGS) thin-film solar cells to market recently and they look much like UniSolar's thin-film laminates. Both are lightweight and flexible (pictured) but the main differences are that Ascent's PV uses a plastic substrate whereas UniSolar uses a thin layer of stainless steel on which its amorphous silicon (a-Si) is deposited. Also, Ascent is claiming 10-12% efficiency of its cells as opposed to UniSolar's 7-8%. On Monday, Ascent announced NREL measured 14.01% cell efficiency for Ascent Solar CIGS material. As a result Ascent is planning to add 1% per year to its manufactured PV for worldwide sales. Obviously, this puts thin-film efficiency in parity with most standard crystalline but at significantly less cost per watt. Ascent's PV will be ideal for single-membrane (TPO) roofing solutions.

Ground array foundation posts are a lot simpler to install with Saber Solar Foundations. Saber's posts (available for various weight loads) simply screw into the ground like an auger and don't require cement for holding. The rep at at Saber's booth said this type of foundation meets most municipal building codes. Saber is located in Corona Del Mar, California and offers its drill-posts nationwide: www.saberfoundations.com.

One company offered an automatic panel cleaning solution for areas with limited rainfall (which normally "self-clean" panels). A thin spray of water and mild detergent is applied for three minutes daily to clear panels of natural soiling. Water can be recycled by placing rain gutters on the lower edge of an array. Unfortunately, in the Southwest where such an application is most needed is also experiencing a long-term drought and water is getting precious. So, for large arrays this solution could be cost prohibitive.

More solar tracking manufacturers were exhibiting than last year as production-based incentives are becoming more prevalent worldwide.

Always held in California, Solar Power International 2010 will be at the Los Angeles Convention Center, October 12-14.

Oct 19-23: Dow, NASDAQ, Solar Down Less than 1%

Dow slips below 10,000

MarketWatch reports that major rail operator Burlington Northern projects a weak forecast fueling worries about freight demand, a barometer of the economy. Microsoft and Amazon.com fared well on reports of strong quarterly earnings.

The DJIA closed down nearly 24 points today at 9972.18, a .24% decline while the NASDAQ lost just 2.24 points, of .11%. Sixteen of the stocks in the 20SSI were down but the index slipped 1.65 points, a .39% decline. First Solar and Trina Solar were the biggest gainers.

Next week's Solar Power 2009 in Anaheim will shed light on any innovations in the industry so a good week should be in store both at the trade show and solar stocks, in general. The annual trade show will have 750 exhibitors from around the world becoming the ultimate showcase for the industry.

Wall Street took its biggest drop of the week today as a function of short-term profit taking. MarketWatch reports that Neil Menard at New York's Steben & Co, said many of the earnings gains are a result of cost cuts. He says investors are hungry for companies actually showing growth.

20 Solar Stocks Index Week of Oct 19-23, 2009

	Monday Open	Friday Close	Up/Down	% Change	Close 1/5/09*	Close 3/6/09**
Dow Jones DJIA	9995.91	9972.18	-23.73	-.2379%	8952.89	6626.95
NASDAQ	2156.80	2154.47	-2.23	-.1081	1628.03	1293.85
Akeena Solar AKNS	1.13	1.09	-.04	-3.669	2.28	.61
Amtel Systems ASYS	5.69	5.85	+.16	+2.882	4.00	2.73
Applied Materials AMAT	13.38	12.95	-.43	-3.320	10.67	8.70
Canadian Solar CSIQ	16.31	16.00	-.31	-1.937	7.00	3.0601
ECD (UniSolar) ENER	12.00	12.53	+.53	+4.416	29.33	17.45
Entech Solar ENSL.OB	.1620	.1500	-.012	-8.00	.28	.23
Evergreen Solar ESLR	1.83	1.64	-.19	-11.58	3.60	1.03
First Solar FSLR	147.54	152.39	+4.85	+3.287	157.80	108.49
GT Solar Int. SOLR	5.51	5.57	+.06	+1.088	4.00	4.02
JA Solar JASO	3.93	3.77	-.16	-5.835	5.09	1.91
Kyocera KYO	88.11	87.07	-1.04	-1.194	71.87	54.21
LDK Solar LDK	7.71	7.58	-.13	-1.715	14.84	4.40
MEMC Elect. WFR	15.53	13.57	-1.96	-14.44	15.76	13.68
Renesola SOL	4.49	4.05	-.44	-10.86	5.15	2.1201
Satcon SATC	2.12	2.12	NC	0	1.60	1.23
SolarFun SOLF	5.34	5.25	-.09	-1.714	6.12	2.30
SunPower SPWRA	31.60	28.35	-3.25	-11.46	45.13	23.39
SunTech STP	14.89	13.64	-1.25	-9.164	13.55	5.34
Trina Solar TSL	33.40	35.55	+2.15	+6.437	10.09	7.23
Yingli YGE	12.73	12.63	-.10	-.7917	7.25	3.888
20SSI Weekly Cumulative:	Previous 423.40	Current 421.75	Change -1.65/-.39%	Avg Stock -3/338%	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 capitization 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 and suggestions are always welcome.

Oct 12-16: Dow, NASDAQ Slightly Up; Solar Dips

Dow breaks 10,000 but finishes below

The Dow Jones Industrial Average neared 10,100 yesterday but finished at 9995.91 today. NASDAQ was up less than a percent for the week. Six of the 20SSI stocks were off this week.

That's it for now. Have out-of-town company.





20 Solar Stocks Index Week of Oct 12-16, 2009

Monday Open	Friday Close	Up/Down	% Change	Close 1/5/09*	Close 3/6/09**
Dow Jones DJIA	9864.94	9995.91	+130.97	+1.327%	8952.89	6626.95
NASDAQ	2139.28	2156.80	+17.52	+.8189	1628.03	1293.85
Akeena Solar AKNS	1.16	1.13	_.03	-2.654	2.28	.61
Amtel Systems ASYS	5.28	5.69	+.41	+7.765	4.00	2.73
Applied Materials AMAT	12.68	13.38	+.16	+1.210	10.67	8.70
Canadian Solar CSIQ	17.76	16.31	-1.45	-8.890	7.00	3.0601
ECD (UniSolar) ENER	10.89	12.00	+1.11	+10.19	29.33	17.45
Entech Solar ENSL.OB	.1740	.1620	-.0080	-7.407	.28	.23
Evergreen Solar ESLR	1.81	1.83	+.02	+1.105	3.60	1.03
First Solar FSLR	156.69	147.54	-2.46	-1.667	157.80	108.49
GT Solar Int. SOLR	5.71	5.51	-.20	-3.629	4.00	4.02
JA Solar JASO	4.01	3.93	-.18	-2.035	5.09	1.91
Kyocera KYO	89.25	88.11	-1.14	-1.293	71.87	54.21
LDK Solar LDK	8.28	7.71	-.57	+-7.399	14.84	4.40
MEMC Elect. WFR	16.30	15.53	-.77	-4.958	15.76	13.68
Renesola SOL	4.77	4.49	-.28	-6.236	5.15	2.1201
Satcon SATC	1.96	2.12	+.16	+8.163	1.60	1.23
SolarFun SOLF	5.60	5.34	-.26	-4.869	6.12	2.30
SunPower SPWRA	31.49	31.60	+.11	+14.38	45.13	23.39
SunTech STP	15.55	14.89	-.66	-4.432	13.55	5.34
Trina Solar TSL	34.45	33.40	-.95	-2.844	10.09	7.23
Yingli YGE	13.15	12.73	-.32	-3.299	7.25	3.888
20SSI Weekly Cumulative:	Previous 436.34	Current 423.40	Change +24.81/+6.02%	Avg Stock +5.581%	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 capitization of $100M+ except Akeena Solar, Amtel Systems
and Entech Solar. This listing is strictly informational and implies neither endorsement or
disapproval of any stock. Comments are welcome.

Oct 5-9: Solar Outperforms Dow, NASDAQ

All-around good week for stocks

Since last Friday, the Dow Jones Industrial Average gained over 377 point to finish at 9864.94, the year's highest. The NASDAQ rose 91 points to end today at 2139.28. Percentage gains for both were nearly 4% and 4.5% respectively. The 20 Solar Stocks Index (20SSI) gained nearly 25 points, a 6% rise for the week.

MarketWatch reported IBM rallied the technology sector which Alcoa and others fed rising optimism about third-quarter earnings reports. IBM was up 3.64 or 3% to 125.93 likely related to Barclay's going bullish on the tech giant. Both Intel and AMD went up, as well.

Eighteen in the 20SSI rose with Trina, SunPower, SunTech and Yingli leading the others. The average stock in the index rose 5.6% easily outpacing the Dow and NASDAQ. After two dismal weeks solar makes the welcome rebound based on several likely reasons. Cost of panels remain down while the cost of electricity here in California continues to rise rapidly. There were 200 applications received by the CA Center for Sustainable Energy (which administers the CA rebate for SDG&E customers) during September. That figure coupled with the 350 applications in July means the rebate currently at $1.55 per installed AC watt will trigger down to $1.10 much sooner than thought. The California Solar Initiative is a good model for other states in that it stimulates solar PV sales in a severely depressed economy.

20 Solar Stocks Index Week of Oct 5-9, 2009

	Monday Open	Friday Close	Up/Down	% Change	Close 1/5/09*	Close 3/6/09**
Dow Jones DJIA	9487.67	9864.94	+377.27	+3.976%	8952.89	6626.95
NASDAQ	2048.11	2139.28	+91.17	+4.451	1628.03	1293.85
Akeena Solar AKNS	1.07	1.16	_.09	+8.411	2.28	.61
Amtel Systems ASYS	5.10	5.28	+.18	+3.529	4.00	2.73
Applied Materials AMAT	12.68	13.22	+.54	+4.258	10.67	8.70
Canadian Solar CSIQ	15.99	17.76	+1.77	+11.07	7.00	3.0601
ECD (UniSolar) ENER	10.79	10.89	+.10	+.9267	29.33	17.45
Entech Solar ENSL.OB	.1799	.1740	-.0059	-3.390	.28	.23
Evergreen Solar ESLR	1.77	1.81	+.04	+2.259	3.60	1.03
First Solar FSLR	150.00	156.69	+6.69	+4.450	157.80	108.49
GT Solar Int. SOLR	5.28	5.71	+.43	-7.765	4.00	4.02
JA Solar JASO	3.88	4.01	+.13	+3.350	5.09	1.91
Kyocera KYO	86.70	89.25	+1.55	+2.941	71.87	54.21
LDK Solar LDK	7.93	8.28	+.35	+4.413	14.84	4.40
MEMC Elect. WFR	15.38	16.30	+.92	+5.981	15.76	13.68
Renesola SOL	4.51	4.77	+.26	+5.764	5.15	2.1201
Satcon SATC	2.01	1.96	-.05	-2.551	1.60	1.23
SolarFun SOLF	5.24	5.60	+.36	+6.870	6.12	2.30
SunPower SPWRA	27.53	31.49	+3.96	+14.38	45.13	23.39
SunTech STP	13.98	15.55	+1.57	+11.23	13.55	5.34
Trina Solar TSL	29.82	34.45	+4.63	+15.52	10.09	7.23
Yingli YGE	11.69	13.15	+1.46	+12.48	7.25	3.888
20SSI Weekly Cumulative:	Previous 411.53	Current 436.34	Change +24.81/+6.02%	Avg Stock +5.581%	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 capitization 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 and suggestions are always welcome.

Sept 28-Oct 2: Dow, NASDAQ, Solar Sink Some More

Solar stocks down nearly 7%

The DJIA has dropped 333 points in two weeks, the NASDAQ 77. The 20 Solar Stocks Index lost 23 points for the week and over 35 since Sept 21. MarketWatch said the disappointing labor report and possible over-extension during the markets third-quarter surge may be to blame. Stocks dropped seven of the last eight trading days with industrials General Electric, Boeing and Caterpillar leading the others.

Still, there were some gainers from various sectors by week's end. Accenture (IT sector) gained 97 cents; ConocoPhillips was up 1.30; PepsiCo closed up 2.44; Wynn Resorts climbed 2.06 points; and BB&T (banking/financial planning) rose 1.18.

Eighteen stocks in the 20SSI were down lead by Renesola down nearly 19%. Although First Solar's net loss for the week was 2.87, it actually rose 6.24 per share today on news it is replacing Wyeth Pharmaceuticals on the Standard & Poor's 500 index when Pfizer completes acquisition of the company.

20 Solar Stocks Index Week of Sept 28-Oct 2, 2009

	Monday Open	Friday Close	Up/Down	% Change	Close 1/5/09*	Close 3/6/09**
Dow Jones DJIA	9665.19	9487.67	-177.52	-1.871%	8952.89	6626.95
NASDAQ	2090.92	2048.11	-42.81	-2.090	1628.03	1293.85
Akeena Solar AKNS	1.17	1.07	-.10	-9.345	2.28	.61
Amtel Systems ASYS	5.34	5.10	-.24	-4.705	4.00	2.73
Applied Materials AMAT	13.10	12.68	-0.42	-3.312	10.67	8.70
Canadian Solar CSIQ	16.74	15.99	-.75	-4.690	7.00	3.0601
ECD (UniSolar) ENER	11.99	10.79	-1.20	-11.12	29.33	17.45
Entech Solar ENSL.OB	.1770	.1799	-.0029	+1.638	.28	.23
Evergreen Solar ESLR	1.86	1.77	-.09	-5.084	3.60	1.03
First Solar FSLR	156.15	150.00	-2.87	-1.913	157.80	108.49
GT Solar Int. SOLR	5.69	5.28	-.41	-7.765	4.00	4.02
JA Solar JASO	4.04	3.88	-.16	-4.123	5.09	1.91
Kyocera KYO	92.46	86.70	-5.76	-6.643	71.87	54.21
LDK Solar LDK	8.83	7.93	-.90	-11.35	14.84	4.40
MEMC Elect. WFR	17.29	15.38	-1.91	-12.42	15.76	13.68
Renesola SOL	5.38	4.51	-.87	-19.29	5.15	2.1201
Satcon SATC	1.90	2.01	+.21	+11.66	1.60	1.23
SolarFun SOLF	5.80	5.24	-.56	-10.68	6.12	2.30
SunPower SPWRA	30.53	27.53	-3.00	-10.89	45.13	23.39
SunTech STP	15.75	13.98	-.77	-12.66	13.55	5.34
Trina Solar TSL	31.45	29.82	-1.63	-5.466	10.09	7.23
Yingli YGE	12.60	11.69	-.91	-7.784	7.25	3.888
20SSI Weekly Cumulative:	Previous 434.86	Current 411.53	Change -23.33/-5.6%	Avg Stock -6.797%	1/05/09* 415.41	3/06/09** 266.01

* The starting date of the 20 Solar Stock Index (20SSI).
** The Consensus "new" bull market began on Monday, March 9, 2009.
NOTE: All above stocks have market capitization 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 and suggestions are always welcome.