May: Major Stock Indexes Down

Poor economic data gets blame

The Dow Industrials slipped over 1.9% in May, the first monthly drop in six month. The Dow closed Tuesday a 12570, 241 points down from April. The NASDAQ fared only slightly better with a 1.35% drop to finish at 2835, a 38-point slide from last month. Eighteen in the 20 Solar Stocks Index (20SSI) were slammed in May with the index finishing at 393.55, a 47-point slip or nearly 12%.

Only 38,000 jobs were added last month when analysts projected 175,000. Also, the Institute for Supply Management reported growth in the U.S. manufacturing sector slowed to 53.5% in May from 60.4% in April, the largest one-month drop since 1984.

Supplies of solar panels are backing up, according to a source for this blog, and some major manufacturers appear to be dumping modules at unprecedented low pricing. It would appear a good time for consumers to add solar power to their homes. The question is how many are in a position to do so.


20 Solar Stocks Index as of 5/31/11

	Close 4/29/11	Close 5/31/11	Up/Down	% Change	Close 1/5/09*	Close 3/6/09**
Dow Jones DJIA	12810.54	12570	-240.54	-1.913%	8952.89	6626.95
NASDAQ	2873.54	2835.30	-38.24	-1.348	1628.03	1293.85
Amtech Systems ASYS	22.68	21.88	-.80	-3.656	4.00	2.73
Applied Materials AMAT	15.69	13.78	-1.91	-13.86	10.67	8.70
Canadian Solar CSIQ	10.80	9.85	-.95	-9.644	7.00	3.0601
ECD (UniSolar) ENER	2.00	1.40	-.60	-42.86	29.33	17.45
Entech Solar ENSL.OB	.0433	.09	+.0467	+207.8	.28	.23
Evergreen Solar ESLR	1.35	.70	-.65	-92.85	3.60	1.03
First Solar FSLR	139.57	124.25	-15.32	-12.24	157.80	108.49
GT Solar Int. SOLR	11.17	12.76	+1.59	+14.23	4.00	4.02
Hanwha SolarOne HSOL f/k/a Solarfun	6.83	6.73	-.10	-1.485	6.12	2.30
JA Solar JASO	6.85	6.03	-.82	-13.59	5.09	1.91
Kyocera KYO	109.91	105.45	-4.46	-4.229	71.87	54.21
LDK Solar LDK	11.51	7.59	-3.92	-51.64	14.84	4.40
MEMC Elect. WFR	11.83	10.52	-1.31	-12.45	15.76	13.68
Renesola SOL	9.18	7.42	-1.76	-23.72	5.15	2.1201
Satcon SATC	3.21	2.66	-.55	-20.67	1.60	1.23
SunPower SPWRA	21.69	21.06	-.63	-2.991	45.13	23.39
SunTech STP	8.97	8.12	-.85	-10.46	13.55	5.34
Trina Solar TSL	28.47	22.95	-5.52	-24.05	10.09	7.23
Westinghouse Solar (Akeena) WEST	.455	1.13	+.675	+48.35	2.28	.61
Yingli YGE	12.53	9.18	-3.35	-36.49	7.25	3.888
20SSI Weekly Cumulative:	Previous 440.42	Current 393.55	Change -46.87/11.9%		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 capitalization of $100M+ except Westinghouse Solar (formerly Akeena), Amtel Systems
and Entech Solar. This listing is strictly informational and implies neither endorsement or disapproval of any stock listed. Comments are always welcome.

July 5-9: Dow, NASDAQ, Solar Rally Big Time (Adjusted)

Big bounce back

U.S. stocks had their best week in nearly a year on optimism of second-quarter earnings that propelled a surge from the worst levels this year.

The DJIA shot 511 points up to finish Friday at 10197.72, a 5.3% gain. NASDAQ followed suit with a 105-point gain to 2196.45, a 5% jump. The 20 Solar Stock Index (20SSI) saw a second straight plus week with a eight-point gain to 362.93, a 9% bump. (NOTE: SSI total was first reported closing at 341.28 for the week. Corrected 7/17/10)

Nineteen in the 20SSI gained with JA Solar, SolarFun, and Suntech leading the pack. Average solar stock gains were over 9%.

MarketWatch reports that the rally comes from investors hopeful that the recent 2010 lows may have exaggerated expected lows on corporate earnings from the slipping euro and a slow global economy.

Now the focus is on what the actual second-quarter earnings will be.

20 Solar Stocks Index Week of July 5-9, 2010

	Monday Open	Friday Close	Up/Down	% Change	Close 1/5/09*	Close 3/6/09**
Dow Jones DJIA	9686.48	10197.72	+511.24	+5.277%	8952.89	6626.95
NASDAQ	2091.79	2196.45	+104.66	+5.003	1628.03	1293.85
Akeena Solar AKNS	.58	.66	+.08	+13.39	2.28	.61
Amtel Systems ASYS	8.59	8.69	+.10	+1.164	4.00	2.73
Applied Materials AMAT	12.00	12.30	+.30	+2.500	10.67	8.70
Canadian Solar CSIQ	10.14	11.45	+1.31	+12.92	7.00	3.0601
ECD (UniSolar) ENER	4.59	4.81	+.22	+4.793	29.33	17.45
Entech Solar ENSL.OB	.14	.1380	-.0020	-1.449	.28	.23
Evergreen Solar ESLR	.6399	.75	+.1101	+17.20	3.60	1.03
First Solar FSLR	120.52	132.13	+11.61	+9.879	157.80	108.49
GT Solar Int. SOLR	5.65	6.11	+.46	+8.141	4.00	4.02
JA Solar JASO	5.08	6.16	+1.08	+21.26	5.09	1.91
Kyocera KYO	80.28	84.02	+3.74	+4.658	71.87	54.21
LDK Solar LDK	5.55	6.15	+.60	+10.81	14.84	4.40
MEMC Elect. WFR	9.67	10.81	+1.14	+11.79	15.76	13.68
Renesola SOL	6.84	7.60	+.76	+11.11	5.15	2.1201
Satcon SATC	2.84	2.89	+.05	+1.760	1.60	1.23
SolarFun SOLF	7.43	8.99	+1.56	+20.99	6.12	2.30
SunPower SPWRA	12.81	14.39	+1.58	+12.33	45.13	23.39
SunTech STP	9.39	11.37	+1.98	+21.08	13.55	5.34
Trina Solar TSL	19.26	21.11	+1.85	+9.605	10.09	7.23
Yingli YGE	11.12	12.40	+1.28	+11.51	7.25	3.888
20SSI Weekly Cumulative:	Previous 333.12	Current 362.93	Change +29.81/+8.94%	Avg Stock +9.227%***	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.
*** Starting 6/11/10: In order to arrive at a truer stock gain/loss percentage, stocks with the highest percentage gain and worst drop are eliminated from the average.
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 are always welcome.

June 21-25: Major Indexes Fall After 3-Week Gains

European debt creeps investors

Both the Dow and NASDAQ lost about 3% since last Friday. Some point to the growth outlook for Europe which has been severely hit, not because of the debt crisis itself, but because of the austerity measures that have been set in place, according to a report in MarketWatch. Solar in the 20 Solar Stocks Index took a hit, too, with a 5% drop. Only two stocks, GT Solar and Satcon showed gains.

20 Solar Stocks Index Week of June 21-25, 2010

	Monday Open	Friday Close	Up/Down	% Change	Close 1/5/09*	Close 3/6/09**
Dow Jones DJIA	10450.64	10143.81	-306.83	-3.024%	8952.89	6626.95
NASDAQ	2309.80	2223.48	-86.32	-3.882	1628.03	1293.85
Akeena Solar AKNS	.76	.70	-.06	-8.571	2.28	.61
Amtel Systems ASYS	9.07	8.76	-.31	-3.538	4.00	2.73
Applied Materials AMAT	13.34	12.94	-.40	-3.091	10.67	8.70
Canadian Solar CSIQ	11.79	10.52	-1.27	-12.07	7.00	3.0601
ECD (UniSolar) ENER	4.75	4.59	-.16	-3.485	29.33	17.45
Entech Solar ENSL.OB	.15	.14	-.01	-7.142	.28	.23
Evergreen Solar ESLR	.8471	.7878	-.0593	-7.527	3.60	1.03
First Solar FSLR	123.68	119.26	-4.42	-3.706	157.80	108.49
GT Solar Int. SOLR	5.91	6.05	+.14	+2.368	4.00	4.02
JA Solar JASO	5.04	4.78	-.26	-5.439	5.09	1.91
Kyocera KYO	87.02	84.36	-2.66	-3.153	71.87	54.21
LDK Solar LDK	6.18	5.68	-.50	-8.802	14.84	4.40
MEMC Elect. WFR	11.76	10.66	-1.10	-10.31	15.76	13.68
Renesola SOL	6.49	6.00	-.49	-8.166	5.15	2.1201
Satcon SATC	2.74	2.99	+.25	+9.124	1.60	1.23
SolarFun SOLF	8.21	7.55	-.66	-8.741	6.12	2.30
SunPower SPWRA	14.86	13.27	-1.59	-11.98	45.13	23.39
SunTech STP	10.13	9.54	-.59	-6.184	13.55	5.34
Trina Solar TSL	18.80	18.33	-.47	-2.564	10.09	7.23
Yingli YGE	10.54	10.71	-.17	-1.619	7.25	3.888
20SSI Weekly Cumulative:	Previous 352.06	Current 331.94	Change -20.12/-6.06%	Avg Stock -5.23%***	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.
*** Starting 6/11/10: In order to arrive at a truer stock gain/loss percentage, stocks with the highest percentage gain and worst drop are eliminated from the average.
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 are always welcome.

June 14-18: Dow, NASDAQ, Solar Climb Again

Asian economy on upswing

Remarks from Caterpillar evidently encouraged investors outlook for the Asian economy, according to a report in today's MarketWatch. However, continued concern about European's debt problems, although out of panic mode from weeks ago, still helped moderate gains.

The Dow finished 258 points ahead of last Friday to finish at 10450.64, a 2.3% gain. NASDAQ composite was also up about 66 points to end today at 2309.08, a nearly a 3% gain. Stocks in the 20 Solar Stock Index (20SSI) jumped over 24 points finishing the week at 352.06, over a 7% increase. Major winners in solar were First Solar, SunPower and Suntech.

20 Solar Stocks Index Week of June 14-18, 2010

	Monday Open	Friday Close	Up/Down	% Change	Close 1/5/09*	Close 3/6/09**
Dow Jones DJIA	10211.07	10450.64	+239.57	+2.346%	8952.89	6626.95
NASDAQ	2243.60	2309.80	+66.2	+2.950	1628.03	1293.85
Akeena Solar AKNS	.81	.76	-.05	-6.578	2.28	.61
Amtel Systems ASYS	8.78	9.07	+.29	+3.302	4.00	2.73
Applied Materials AMAT	12.69	13.34	+.65	+5.122	10.67	8.70
Canadian Solar CSIQ	10.38	11.79	+1.41	+13.58	7.00	3.0601
ECD (UniSolar) ENER	4.66	4.75	+.09	+1.931	29.33	17.45
Entech Solar ENSL.OB	.1350	.15	+.015	+11.11	.28	.23
Evergreen Solar ESLR	.85	.8471	-.0029	-.3423	3.60	1.03
First Solar FSLR	107.27	123.68	+16.51	+15.29	157.80	108.49
GT Solar Int. SOLR	5.45	5.91	+.46	+8.440	4.00	4.02
JA Solar JASO	4.79	5.04	+.25	+5.219	5.09	1.91
Kyocera KYO	86.90	87.02	+.12	+.1380	71.87	54.21
LDK Solar LDK	5.67	6.18	+.51	+8.994	14.84	4.40
MEMC Elect. WFR	10.78	11.76	+.98	+9.090	15.76	13.68
Renesola SOL	5.82	6.49	+.67	+11.51	5.15	2.1201
Satcon SATC	2.56	2.74	+.18	+7.031	1.60	1.23
SolarFun SOLF	8.11	8.21	+.10	+1.233	6.12	2.30
SunPower SPWRA	13.40	14.86	+1.46	+10.89	45.13	23.39
SunTech STP	9.91	10.13	+.22	+2.219	13.55	5.34
Trina Solar TSL	18.56	18.80	+.24	+1.293	10.09	7.23
Yingli YGE	10.27	10.54	+.27	+2.629	7.25	3.888
20SSI Weekly Cumulative:	Previous 327.80	Current 352.06	Change +24.26/+7.4%	Avg Stock +5.743%***	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.
*** Starting 6/11/10: In order to arrive at a truer stock gain/loss percentage, stocks with the highest percentage gain and worst drop are eliminated from the average.
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 are always welcome.