July 13-17: Dow, NASDAQ Soar–Solar Close Behind

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.

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