Strong week all around; Dow approaches 10,000
The 20 Solar Stocks Index (20SSI) gained a sparkling 8% this week compared to the Dow's and NASDAQ's 2.2 and 2.5% gains respectively. It is usually a blah month for trading but all three indexes gained for the second straight week.MarketPlace reported consumer stocks, including Procter & Gamble, Sara Lee and Home Depot, showed lead the rally that pushed the Dow up nearly 214 points. The NASDAQ gained nearly 52 points, the eighth week in the last ten to rise.
The 20SSI gained over 33 points for the week with First Solar, JA Solar and SunPower leading the pack. All but four stocks went up in what could be the beginning of a consistent rise for solar installations. Here in California news of steep rate hikes next year by Southern California Edison and San Diego Gas & Electric certainly helps the industry without the need for more state or federal incentives. Even conservative companies are looking at renewable energy because the low cost of panels and ever-increasing electricity costs make solar or wind power imperative. Solar trackers are coming more into play as more incentives are performance based and they help to eke out more power as the panels follow the sun's path.
China is committing to 20% of its power demand to come from solar and wind by 2020. As authoritarian governments go, implementation of solar projects are much quicker to be built than in most Western (democratic) countries with their layers of government and compliance. China's commitment could drive up the cost of panels worldwide as their multi-megawatt PV projects devour existing panel supplies. This is no far out possibility. It is said the cost of concrete, steel and copper was sky-high because of the copious amounts of these materials used to complete the Beijing Olympics.
The 20 Solar Stocks Index Week of September 14-18, 2009
| Monday Open | Friday Close | Up/Down | % Change | Close 1/5/09* | Close 3/6/09** |
| Dow Jones DJIA | 9605.41 | 9820.20 | +214.79 | +2.236% | 8952.89 | 6626.95 |
| NASDAQ | 2080.90 | 2132.86 | +51.96 | +2.496 | 1628.03 | 1293.85 |
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| Akeena Solar AKNS | 1.1701 | 1.23 | +.0599 | +5.119 | 2.28 | .61 |
| Amtel Systems ASYS | 5.01 | 5.50 | +.49 | +9.780 | 4.00 | 2.73 |
| Applied Materials AMAT | 13.51 | 13.03 | -.48 | -3.684 | 10.67 | 8.70 |
| Canadian Solar CSIQ | 16.58 | 17.62 | +1.04 | +6.272 | 7.00 | 3.0601 |
| ECD (UniSolar) ENER | 13.40 | 13.53 | +.13 | +.9701 | 29.33 | 17.45 |
| Entech Solar ENSL.OB | .1750 | .1800 | +.0050 | +2.857 | .28 | .23 |
| Evergreen Solar ESLR | 1.94 | 1.88 | -.06 | -3.191 | 3.60 | 1.03 |
| First Solar FSLR | 136.75 | 156.15 | +19.40 | +14.18 | 157.80 | 108.49 |
| GT Solar Int. SOLR | 5.35 | 5.86 | +.51 | +9.532 | 4.00 | 4.02 |
| JA Solar JASO | 3.90 | 4.60 | +.70 | +17.95 | 5.09 | 1.91 |
| Kyocera KYO | 88.05 | 89.37 | +1.32 | +1.499 | 71.87 | 54.21 |
| LDK Solar LDK | 9.75 | 9.39 | -.36 | -3.833 | 14.84 | 4.40 |
| MEMC Elect. WFR | 17.21 | 18.90 | +1.69 | +9.819 | 15.76 | 13.68 |
| Renesola SOL | 5.86 | 6.00 | +.14 | +2.389 | 5.15 | 2.1201 |
| Satcon SATC | 1.90 | 1.90 | NC | NC | 1.60 | 1.23 |
| SolarFun SOLF | 5.94 | 6.43 | +.49 | +8.249 | 6.12 | 2.30 |
| SunPower SPWRA | 29.15 | 33.09 | +3.94 | +13.51 | 45.13 | 23.39 |
| SunTech STP | 15.97 | 16.96 | +.99 | +6.199 | 13.55 | 5.34 |
| Trina Solar TSL | 29.07 | 31.45 | +2.38 | +8.187 | 10.09 | 7.23 |
| Yingli YGE | 12.98 | 14.05 | +1.07 | +8.243 | 7.25 | 3.888 |
| 20SSI Weekly Cumulative: | Previous 413.67 | Current 447.12 | Change +33.45/+8% | Avg Stock +5.7% | 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.
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