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 Stock Update: Go Figure...

Dow at lowest since October '02

On Tuesday President Obama signed the American Recovery & Reinvestment Act and the DJIA drops 298 points, the NASDAQ 64. The Dow lost 485 points for the week, the worst in over six years. Even for those who look at the stock market as just one barometer of the U.S. economy, it's not a pretty picture. The solar industry got a whopping $80 billion in combined benefits in the stimulus package so they must have done okay, right? 'Fraid not. All but two stocks in this index were down; an average decline of 6.87% on Tuesday alone. If that wasn't enough all 20 stocks were down an average 19.38% for the week. Go figure.

Word on the (Wall) street says talk of Bank of America and CitiGroup being nationalized has put a chink in investor confidence. Now talk about BofA head Ken Lewis's being subpoenaed by NY Atty. Gen. Andrew Cuomo about the Merrill Lynch acquisition last fall is a reason for today's funky stock market showing, i.e. down again. (Wasn't Lewis on 60 Minutes in December talking about BofA's great market position?) Add to that continuing crappy home sales and GM's verging on bankruptcy (scratching EVs for Hummers? Real smart.) exacerbates the downer mood.

Maybe the mainstreaming of solar stocks--which the PV industry always wanted--is not such a good thing anymore. If investors are sour on stocks generally then solar stocks are likely lumped in with the rest. But solar has to become a good investment on the roof and in a portfolio before very long. As more solar projects fall into place this spring and summer (and it's already starting), solar stock prices must logically do an about face. But let's face it: Had their been any uniform financial logic over the past eight years we wouldn't be in this mess.

Week of February 17-20

	Tuesday Open	Friday Close	Up/Down	% Change	Close 1/5/09
Dow Jones DJIA	7850.41	7365.67	-484.74	-6.18%	8952.89
NASDAQ	1534.36	1441.23	-93.13	-6.07	1628.03
Akeena Solar AKNS	1.81	1.47	-.34	-18.79	2.28
Amtel Systems ASYS	3.38	3.01	-.34	-18.79	4.00
Applied Materials AMAT	9.51	8.76	-.75	-7.89	10.67
Canadian Solar CSIQ	5.00	4.20	-.80	-16.00	7.00
ECD (UniSolar) ENER	28.95	24.62	-4.33	-16.96	29.33
Entech Solar ENSL.OB	.35	.272	-.078	-32.29	.28
Evergreen Solar ESLR	1.66	1.30	-.36	-21.69	3.60
First Solar FSLR	144.45	134.01	-10.44	-7.33	157.80
GT Solar Int. SOLR	5.13	4.22	-.91	-17.44	4.00
JA Solar JASO	2.66	2.27	-.39	-16.67	5.09
Kyocera KYO	64.00	61.34	-2.66	-4.16	71.87
LDK Solar LDK	10.65	6.12	-4.53	-42.54	14.84
MEMC Elect. WFR	16.11	13.75	2.36	-14.65	15.76
Renesola SOL	3.58	2.37	-.39	-16.67	5.15
Satcon SATC	1.28	1.19	-.09	-7.04	1.60
SolarFun SOLF	4.53	2.97	-1.56	-34.44	6.12
SunPower SPWRA	35.00	30.92	-4.08	-11.66	45.13
SunTech STP	9.46	6.86	-2.60	-31.49	13.55
Trina Solar TSL	8.54	7.49	-1.05	-12.30	10.09
Yingli YGE	5.76	4.07	-1.69	-29.35	7.25
Percent change all 20 stocks this week:				-19.38%