Aug 31-Sep 4: Dow, NASDAQ, Solar Slip Equally


And September’s historically bad month on Wall Street


A report this morning showed a decline in job losses in August whichseem to have helped industrial like GE and Caterpillar lead stocks onFriday. However, the gains were not enough to offset losses earlierthis week, as reported on MarketWatch.

The Dow lost 103points for the week ending today, about a 2% drop. This was only thesecond decline in eight weeks for the index and stopped a two-weekgain. September is historically a bad trading month on Wall Street sothis week’s beginning appears typical. NASDAQ fared better, dropping 10points, a half-percent loss.

Solar stocks in the 20SSI dropped3.35 points to 381.7, just .88% down. At least solar’s slight dropfalls between that of the DJIA and NASDAQ so there’s equal opportunitydisappointment. Kyocera made the biggest gain this week, up 5.75 or 9%even thought it is not a pure-play solar company. Yingli Solarcontracted on Tuesday with a major Czech land development company tosupply 5MW of panels for planned industrial parks and office complexes,which could account for its strong week.

Still, panelinventories continue to run high and, and least here in California,there is plenty of groveling for projects considered too small by themajor solar players just last year. First Solar, a thin-film PV makerwhich finished at 191.72 on May 22 continues its decline since thenwith a 121.47 close today–a shedding of 36%. Less demand in Europe andthe incredible low cost of crystal silicon wafers and panels recentlyis likely to blame for First Solar’s slipping.

20 Solar Stocks Index Week of August 31-September 4, 2009

Monday Open Friday Close Up/Down % Change Close 1/5/09* Close 3/6/09**
Dow Jones DJIA 9544.2 9441.27 -102.93 -1.090% 8952.89 6626.95
NASDAQ 2028.77 2018.78 -9.99 -.4948 1628.03 1293.85
Akeena Solar AKNS 1.09 1.18 +.09 +8.257 2.28 .61
Amtel Systems ASYS 5.03 5.01 -.02 -.3992 4.00 2.73
Applied Materials AMAT 13.27 13.45 +.18 +1.356 10.67 8.70
Canadian Solar CSIQ 15.19 14.90 -.29 -1.946 7.00 3.0601
ECD (UniSolar) ENER 11.92 10.41 -1.51 -14.51 29.33 17.45
Entech Solar ENSL.OB .1800 .1805 +.005 +2.777 .28 .23
Evergreen Solar ESLR 1.65 1.68 -.24 -14.54 3.60 1.03
First Solar FSLR 124.21 121.47 -2.74 -2.255 157.80 108.49
GT Solar Int. SOLR 5.27 5.19 -.08 -1.541 4.00 4.02
JA Solar JASO 3.62 3.42 -.20 -5.847 5.09 1.91
Kyocera KYO 81.44 87.18 +5.74 +9.341 71.87 54.21
LDK Solar LDK 9.24 8.94 -.30 -3.355 14.84 4.40
MEMC Elect. WFR 16.55 16.59 +.04 -.2416 15.76 13.68
Renesola SOL 5.73 5.55 -.18 +3.335 5.15 2.1201
Satcon SATC 2.07 1.78 -.29 -16.29 1.60 1.23
SolarFun SOLF 5.30 5.16 -.14 -2.713 6.12 2.30
SunPower SPWRA 26.14 26.07 -..07 -.4208 45.13 23.39
SunTech STP 18.00 14.85 -3.15 -21.21 13.55 5.34
Trina Solar TSL 27.70 26.43 -1.27 -4.805 10.09 7.23
Yingli YGE 11.02 11.83 +.81 +7.350 7.25 3.888
20SSI Weekly Cumulative: Previous 384.62 Current 381.27 Change -3.35/-.88% Avg Stock -2.510% 1/05/09* 415.41 3/06/09** 266.01

* The starting date of the 20 Solar Stock Index (20SSI).
** NOTE: Concensus "new" bull market began on Monday, March 9, 2009.





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