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 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.
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