Friday, August 13, 2010

Aug 9-13: Dow, NASDAQ, Solar Suffer Losses


Major indexes down 3-5%

Stocks slumped this week when soft economic data and a down Federal Reserve statement continued to spur fears that a slipping economic recovery could give way to a double-dip recession, according to today's MarketWatch weekly wrap-up.

The Fed reverse itself from just two weeks ago when in proclaimed the economy was gaining some strength. It's a stark reminder that the Fed has power to affect investor confidence.

The Dow was down 350 points to 10303, a 3.4% drop for the week. NASDAQ shares were off over 5% with a 115-point slide to 2173. Issues in the 20 Solar Stocks Index (20SSI) fell 17 points since last Friday to a close of 358, a 4.86% drop.

20 Solar Stocks Index Week of August 9-13, 2010

Monday Open Friday Close Up/Down % Change Close 1/5/09* Close 3/6/09**
Dow Jones DJIA 10653.56 10303.15 -350.41 -3.40% 8952.89 6626.95
NASDAQ 2288.47 2173.48 -114.99 -5.290 1628.03 1293.85





Amtel Systems ASYS 10.64 11.92 +1.28 +12.03 4.00 2.73
Applied Materials AMAT 11.84 11.17 -.67 -5.998 10.67 8.70
Canadian Solar CSIQ 13.36 11.59 -1.77 -15.27 7.00 3.0601
ECD (UniSolar) ENER 5.24 4.22 -1.02 -24.17 29.33 17.45
Entech Solar ENSL.OB .12 .10 -.02 -20.00 .28 .23
Evergreen Solar ESLR .70 .62 -.08 -12.90 3.60 1.03
First Solar FSLR 129.34 124.52 -4.82 -3.870 157.80 108.49
GT Solar Int. SOLR 8.00 7.95 -.05 -.6289 4.00 4.02
JA Solar JASO 6.49 5.77 -.72 +9.075 5.09 1.91
Kyocera KYO 92.08 87.80 -4.28 -4.874 71.87 54.21
LDK Solar LDK 7.35 7.27 -.08 -1.100 14.84 4.40
MEMC Elect. WFR 9.98 10.47 +.49 +4.908 15.76 13.68
Renesola SOL 7.99 7.48 -.51 -6.818 5.15 2.1201
Satcon SATC 3.47 3.23 -.24 -7.430 1.60 1.23
SolarFun SOLF 10.66 10.28 -.38 -3.696 6.12 2.30
SunPower SPWRA 12.82 12.07 +.75 +6.213 45.13 23.39
SunTech STP 9.52 8.75 -.77 -8.800 13.55 5.34
Trina Solar TSL 23.77 21.76 -2.01 -9.237 10.09 7.23
Westinghouse Solar (Akeena) WEST .8203 .7721 -.0482 -6.242 2.28 .61
Yingli YGE 11.38 10.56 -.82 -7.765 7.25 3.888
20SSI Weekly Cumulative: Previous 375.57 Current 358.30 Change -17.27/-4.8% Avg Stock -4.86%*** 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 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.


allvoices

Saturday, August 7, 2010

July 2-6: Dow, NASDAQ, Solar Show Strong Gains


Will Fed Reserve boost economy?

Despite a dip on Friday, strong gains for U.S. stocks were still intact. Investors absorbed worsening job losses in July in hopes the Federal Reserve may take steps to boost the economy next week, according to Marketwatch yesterday.

The Dow jumped 188 points to end at 10654 Friday, a 1.8% gain for the week. NASDAQ gained nearly 34 points to finish at 2288, a 1.5% gain. The 20 Solar Stocks Index gained nearly 27 points to end Friday a 376, a 7.7% spurt for the week.

Solar's biggest gainers were LDK Solar and SolarFun.

On July 23, Akeena Solar took the name of a giant to help boost its appeal. Today Akeena is known as Westinghouse Solar, although the new name has not provided a bump in the stock price, so far.

20 Solar Stocks Index Week of August 2-6, 2010

Monday Open Friday Close Up/Down % Change Close 1/5/09* Close 3/6/09**
Dow Jones DJIA 10465.94 10653.56 +187.62 +1.792% 8952.89 6626.95
NASDAQ 2254.70 2288.47 +33.77 +1.497 1628.03 1293.85






Amtel Systems ASYS 10.08 10.64 +.56 +5.555 4.00 2.73
Applied Materials AMAT 11.80 11.84 +.04 +.3389 10.67 8.70
Canadian Solar CSIQ 12.10 13.36 +1.26 +10.41 7.00 3.0601
ECD (UniSolar) ENER 4.84 5.24 +.40 +8.264 29.33 17.45
Entech Solar ENSL.OB .12 .12 NC 0 .28 .23
Evergreen Solar ESLR .66 .70 +.04 +6.060 3.60 1.03
First Solar FSLR 125.45 129.34 +3.89 +3.100 157.80 108.49
GT Solar Int. SOLR 6.48 8.00 +1.52 +22.69 4.00 4.02
JA Solar JASO 5.95 6.49 +.54 +9.075 5.09 1.91
Kyocera KYO 89.44 92.08 +2.64 +2.951 71.87 54.21
LDK Solar LDK 6.53 7.35 +.82 +12.55 14.84 4.40
MEMC Elect. WFR 9.56 9.98 +.32 +4.393 15.76 13.68
Renesola SOL 7.58 7.99 +.41 +5.408 5.15 2.1201
Satcon SATC 3.72 3.47 -.25 -7.204 1.60 1.23
SolarFun SOLF 9.46 10.66 +1.20 +12.68 6.12 2.30
SunPower SPWRA 12.43 12.82 +.39 +3.137 45.13 23.39
SunTech STP 9.95 9.52 -.43 -4.516 13.55 5.34
Trina Solar TSL 21.74 23.77 +2.03 +9.337 10.09 7.23
Westinghouse Solar (Akeena) WEST .83 .8203 -.0097 -1.182 2.28 .61
Yingli YGE 10.95 11.38 +.43 +3.926 7.25 3.888
20SSI Weekly Cumulative: Previous 348.76 Current 375.57 Change +26.81/+7.7% Avg Stock +4.57%*** 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 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.


allvoices
 

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