July 13-17: Dow, NASDAQ Soar–Solar Close Behind
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Week reverses a three-week drop
It was a rebound week on Wall Street. The Dow saw five consecutive gaining days charging back 597 points to 8743.94, a juicy 7% up from last Friday’s close. The NASDAQ rebounded,too, climbing nearly 131 points to finish at 1886.61, over a 7% gain aswell. It’s the eight consecutive gain for NASDAQ, the best run in overfour years. The 20 Solar Stocks Index ascended 22.1 points to end theweek at 392.5, nearly a 6% comeback.
Overallsolar stocks rose 10.5% with only one of the 20 not gaining ground.Friday’s trading cooled down for solar as 14 stocks dropped slightlyfrom yesterday but the last five days stopped a three-week slide.
Analystssay the good Wall Steet week is largely due to strong earnings reportsfrom Intel and IBM and some encouraging news on the economy. Afterabout a three-week drubbing, solar stocks may have been perceived asbargains this week, thus the surge. The energy bill before the Senatewill be more of a boon for Big Oil and King Cole, so the rise in solarstocks, to this blogger, should not be attributed to the energy bill inits current form.
Week of July 13-17, 2009
|
|
Monday Open |
Friday Close |
Up/Down |
% Change |
Close 1/5/09* |
Close 3/6/09** |
|
Dow Jones DJIA |
8146.52 |
8743.94 |
+597.42 |
+7.333% |
8952.89 |
6626.95 |
|
NASDAQ |
1756.03 |
1886.61 |
+130.58 |
+7.436 |
1628.03 |
1293.85 |
|
|
|
|
|
|
|
|
|
Akeena Solar AKNS |
1.14 |
1.11 |
-.03 |
-2.703 |
2.28 |
.61 |
|
Amtel Systems ASYS |
4.73 |
4.94 |
+.21 |
+4.439 |
4.00 |
2.73 |
|
Applied Materials AMAT |
11.00 |
12.67 |
+1.67 |
+15.18 |
10.67 |
8.70 |
|
Canadian Solar CSIQ |
9.82 |
13.90 |
+4.08 |
+41.55 |
7.00 |
3.0601 |
|
ECD (UniSolar) ENER |
12.14 |
12.98 |
+.84 |
+6.92 |
29.33 |
17.45 |
|
Entech Solar ENSL.OB |
.1680 |
.1700 |
+.0020 |
+1.190 |
.28 |
.23 |
|
Evergreen Solar ESLR |
1.99 |
2.06 |
+.07 |
+3.517 |
3.60 |
1.03 |
|
First Solar FSLR |
143.10 |
144.55 |
+1.45 |
+1.013 |
157.80 |
108.49 |
|
GT Solar Int. SOLR |
4.77 |
5.44 |
+.77 |
+14.04 |
4.00 |
4.02 |
|
JA Solar JASO |
3.78 |
4.48 |
+.70 |
+18.52 |
5.09 |
1.91 |
|
Kyocera KYO |
72.83 |
72.96 |
+.13 |
+.1785 |
71.87 |
54.21 |
|
LDK Solar LDK |
8.53 |
9.22 |
+.69 |
+8.089 |
14.84 |
4.40 |
|
MEMC Elect. WFR |
16.61 |
18.76 |
+2.15 |
+12.94 |
15.76 |
13.68 |
|
Renesola SOL |
4.64 |
5.27 |
+.63 |
+13.57 |
5.15 |
2.1201 |
|
Satcon SATC |
1.70 |
1.79 |
+.09 |
-5.294 |
1.60 |
1.23 |
|
SolarFun SOLF |
5.25 |
6.25 |
+1.00 |
+19.05 |
6.12 |
2.30 |
|
SunPower SPWRA |
22.35 |
23.29 |
+.94 |
+4.205 |
45.13 |
23.39 |
|
SunTech STP |
14.35 |
15.95 |
+1.60 |
+11.15 |
13.55 |
5.34 |
|
Trina Solar TSL |
21.27 |
25.00 |
+3.73 |
+17.53 |
10.09 |
7.23 |
|
Yingli YGE |
10.24 |
11.73 |
+1.49 |
+14.55 |
7.25 |
3.888 |
|
20SSI Weekly Cumulative: |
Previous 370.4 |
Current 392.5 |
Change +22.1/+5.97% |
Avg Stock 10.51% |
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.
