Solar at lowest since April
The Dow slipped 77 points since last Friday to finish at 10325.26, a .75% loss. NASDAQ fared better with a nearly a 6-point drop to end at 2238.26. a .25% slip. Composite shares in the 20 Solar Stocks Index dropped nearly 19 points finishing a 353.08, almost a 5% slide.
Still, stocks in the DJIA and NASDAQ finished February considerably higher than at the end of January as the NASDAQ composite gained over 4%. February was the best month of trading for the two major indexes since November.The 20SSI lost 5.55% since January 29.
MarketWatch reports the modest gains "lifted by some improvement in U.S. economic data, though worries about consumer spending and sovereign debt kept a lid on optimism."
Investors were heartened on Friday by a Commerce Department report which said the fourth quarter last year grew by 5.9%--best since Q3 of 2003--surpassing expectations of 5.7%. Consumer spending was more modest than expected however with a 1.7% rate increase when 2% was expected.
Solar stocks should make a comeback soon as more people "think solar" when the days get longer and sunnier.
20 Solar Stocks Index Week of Feb 22-26, 2010
| Monday Open | Friday Close | Up/Down | % Change | Close 1/5/09* | Close 3/6/09** | |
| Dow Jones DJIA | 10402.35 | 10325.26 | -77.09 | -.7466% | 8952.89 | 6626.95 |
| NASDAQ | 2243.87 | 2238.26 | -5.61 | -.2506 | 1628.03 | 1293.85 |
| Akeena Solar AKNS | 1.10 | 1.05 | -.05 | -4.761 | 2.28 | .61 |
| Amtel Systems ASYS | 8.64 | 8.69 | +.05 | +.5787 | 4.00 | 2.73 |
| Applied Materials AMAT | 12.50 | 12.24 | -.26 | -2.124 | 10.67 | 8.70 |
| Canadian Solar CSIQ | 20.52 | 19.12 | -1.40 | -7.322 | 7.00 | 3.0601 |
| ECD (UniSolar) ENER | 7.53 | 7.20 | -.33 | -4.583 | 29.33 | 17.45 |
| Entech Solar ENSL.OB | .1725 | .1640 | -.0085 | -5.182 | .28 | .23 |
| Evergreen Solar ESLR | 1.27 | 1.12 | -.15 | -13.39 | 3.60 | 1.03 |
| First Solar FSLR | 116.00 | 105.75 | -10.25 | -9.692 | 157.80 | 108.49 |
| GT Solar Int. SOLR | 5.77 | 5.95 | +.18 | +3.119 | 4.00 | 4.02 |
| JA Solar JASO | 5.12 | 4.96 | -.16 | -3.225 | 5.09 | 1.91 |
| Kyocera KYO | 89.42 | 88.94 | -.48 | -.5396 | 71.87 | 54.21 |
| LDK Solar LDK | 6.58 | 6.19 | -.39 | -6.300 | 14.84 | 4.40 |
| MEMC Elect. WFR | 12.50 | 12.11 | -.39 | -3.220 | 15.76 | 13.68 |
| Renesola SOL | 5.11 | 5.07 | -.04 | -.7889 | 5.15 | 2.1201 |
| Satcon SATC | 2.44 | 2.34 | -.10 | -4.273 | 1.60 | 1.23 |
| SolarFun SOLF | 7.25 | 6.60 | -.65 | -9.848 | 6.12 | 2.30 |
| SunPower SPWRA | 19.79 | 18.75 | -1.04 | -5.546 | 45.13 | 23.39 |
| SunTech STP | 13.44 | 13.26 | -.18 | -1.357 | 13.55 | 5.34 |
| Trina Solar TSL | 24.42 | 22.00 | -2.42 | -11.00 | 10.09 | 7.23 |
| Yingli YGE | 12.45 | 11.58 | -.87 | -7.512 | 7.25 | 3.888 |
| 20SSI Weekly Cumulative: | Previous 372.02 | Current 353.08 | Change -18.94/-5.3% | Avg Stock -4.848% | 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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