Dow, NASDAQ Chug On; Solar Index Down Slightly

08 August of 2009 by

Canadian Solar up over 26%
Sun Big Dow, NASDAQ Chug On; Solar Index Down Slightly
Although it was up 181 points earlier today, the Dow Jones Industrial Average finish up 114 points today to finish the week at 9370.07, the highest in nine months. NASDAQalso the week well at 2000.25, about 22 points up from last Friday. The20 Solar Stock Index closed down 3.67 points from last week closing at429.08.

Major gainers on the Dow and NASDAQ range fromD.R. Horton, a home-building firm, Hansen Naturals, the soda companyand AES, an electrical power giant, so success seems diverse, at leastfor the week. Gains by two of Dow’s former members drip with irony.Recent upturns by AIG and Citigroup (both NYSE) shows there may be asmidgen of hope for American taxpayer who own 75% alone of AIG frombail-out cash infused since last fall.

Canadian SolarInternational was the week’s biggest gainer in the 20SSI by far–up3.86 for the week, over a 26% climb from last Friday. Just yesterdayCSI released second quarter results showing a net revenues of $114.2M,a 131% increase from Q109. Today CSI announced it has signed a "broadstrategic" agreement with Guodian Power Development Co., Ltd., one ofChina’s largest utilities.

First Solar closed down for the weekby nearly 8 points, a 5.4% loss despite Q209 revenues up around 20%from first quarter’s results. First Solar’s thin-film modules have beenwildly popular because of their rock-bottom low pricing. Yet standardsilicon panel prices are at all-time lows now, too, and their higherefficiencies require significantly less space to install. Could theFirst Solar bubble be bursting?

20 Solar Stocks Index Week of August 3-7, 2009


Monday Open

Friday Close

Up/Down

% Change

Close 1/5/09*

Close 3/6/09**

Dow Jones DJIA

9171.62

9370.07

+198.45

+2.163%

8952.89

6626.95

NASDAQ

1978.5

2000.25

+21.75

+1.953

1628.03

1293.85







Akeena Solar AKNS

1.3101

1.26

-.0501

-3.976

2.28

.61

Amtel Systems ASYS

5.74

5.63

-.11

-1.953

4.00

2.73

Applied Materials AMAT

13.80

13.52

-.28

-2.071

10.67

8.70

Canadian Solar CSIQ

14.54

18.40

+3.86

+26.54

7.00

3.0601

ECD (UniSolar) ENER

14.24

13.58

-.66

-4.860

29.33

17.45

Entech Solar ENSL.OB

.2300

.2230

-.007

-.3139

.28

.23

Evergreen Solar ESLR

2.10

2.06

-.04

-1.941

3.60

1.03

First Solar FSLR

154.39

146.47

-7.92

-5.407

157.80

108.49

GT Solar Int. SOLR

6.20

6.50

+.30

+4.838

4.00

4.02

JA Solar JASO

4.81

5.20

+.39

+8.108

5.09

1.91

Kyocera KYO

80.17

80.72

+.55

+.6860

71.87

54.21

LDK Solar LDK

10.94

11.64

+.70

+6.398

14.84

4.40

MEMC Elect. WFR

17.62

17.46

-.16

-.9163

15.76

13.68

Renesola SOL

5.45

5.67

+.22

+4.036

5.15

2.1201

Satcon SATC

1.89

2.02

+.13

+6.878

1.60

1.23

SolarFun SOLF

7.20

7.84

-.64

+8.888

6.12

2.30

SunPower SPWRA

32.20

30.69

-1.51

-4.920

45.13

23.39

SunTech STP

18.39

18.22

-.17

-.9330

13.55

5.34

Trina Solar TSL

28.26

28.58

+.32

+1.132

10.09

7.23

Yingli YGE

13.27

13.40

+.13

+.9796

7.25

3.888

20SSI Weekly Cumulative:

Previous 432.75

Current 429.08

Change -3.67/-.85%

Avg Stock +.2.06%

1/05/09* 415.41

3/06/09** 266.01

* The starting date of the 20 Solar Stock Index (20SSI).

** NOTE: Consensus "new" bull market began on Monday, March 9, 2009.

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