Blue chips' streak best since 2004
Major indexes continued to climb this week. The Dow went up nearly 186 points from last Friday to finish at 11204.28, a 1.7% gain. NASDAQ chimed in with a 49 point surge to end at 2530.15, up 1.9%. The composite 20 Solar Stocks Index fell 4 points to 410.95, off 1.9%, but 13 gained.
Canadian Solar was the biggest loser finishing 3.77 points off from last Friday. The panel maker announced that it expects to incur a material net foreign exchange loss for the first quarter, estimated at $18 million to $20 million pre-tax, due to the significant depreciation of the Euro against the U.S. dollar during the quarter.
As reported by RTT News, CSI now expects PV module shipments in the first quarter of 2010 to be approximately 189 MW to 191 MW, with gross margins at 13% to 13.5%. This compares to prior expectations for shipments of approximately 180 MW to 190 MW and gross margin in the mid-teens.
20 Solar Stocks Index Week of April 19-23, 2010
| Monday Open | Friday Close | Up/Down | % Change | Close 1/5/09* | Close 3/6/09** | |
| Dow Jones DJIA | 11018.66 | 11204.28 | +185.62 | +.1.684% | 8952.89 | 6626.95 |
| NASDAQ | 2481.26 | 2530.15 | +48.89 | +1.970 | 1628.03 | 1293.85 |
| Akeena Solar AKNS | 1.05 | 1.14 | +.09 | +8.571 | 2.28 | .61 |
| Amtel Systems ASYS | 9.89 | 9.95 | +.06 | +.6066 | 4.00 | 2.73 |
| Applied Materials AMAT | 14.36 | 14.47 | +.11 | +.7660 | 10.67 | 8.70 |
| Canadian Solar CSIQ | 22.09 | 18.32 | -3.77 | -20.57 | 7.00 | 3.0601 |
| ECD (UniSolar) ENER | 7.23 | 7.53 | +.30 | +4.149 | 29.33 | 17.45 |
| Entech Solar ENSL.OB | .1350 | 15.00 | +.0150 | +15.38 | .28 | .23 |
| Evergreen Solar ESLR | 1.12 | 1.20 | +.08 | +7.142 | 3.60 | 1.03 |
| First Solar FSLR | 134.32 | 133.87 | -.45 | -.3361 | 157.80 | 108.49 |
| GT Solar Int. SOLR | 5.64 | 5.65 | +.01 | +.1773 | 4.00 | 4.02 |
| JA Solar JASO | 5.85 | 6.08 | +.23 | +3.931 | 5.09 | 1.91 |
| Kyocera KYO | 100.53 | 98.79 | -1.74 | -1.761 | 71.87 | 54.21 |
| LDK Solar LDK | 7.76 | 8.00 | +.24 | +3.092 | 14.84 | 4.40 |
| MEMC Elect. WFR | 16.25 | 15.82 | -.42 | -2.718 | 15.76 | 13.68 |
| Renesola SOL | 6.33 | 7.34 | +1.01 | +15.95 | 5.15 | 2.1201 |
| Satcon SATC | 2.79 | 2.82 | +.03 | +1.075 | 1.60 | 1.23 |
| SolarFun SOLF | 8.34 | 8.74 | +.40 | +4.796 | 6.12 | 2.30 |
| SunPower SPWRA | 18.29 | 18.22 | -.07 | +.6050 | 45.13 | 23.39 |
| SunTech STP | 14.43 | 14.08 | -.35 | -2.485 | 13.55 | 5.34 |
| Trina Solar TSL | 26.06 | 25.67 | -.39 | -1.519 | 10.09 | 7.23 |
| Yingli YGE | 12.86 | 13.11 | +.25 | +1.944 | 7.25 | 3.888 |
| 20SSI Weekly Cumulative: | Previous 415.33 | Current 410.95 | Change -4.38/-1.07% | Avg Stock +1.93% | 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 capitalization 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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