Saturday March 20 , 2010

Dec 7-11: Solar Outpaces Dow, NASDAQ Again

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20SSI up over 10% since Nov 27

For the second week straight the 20 Solar Stocks Index (20SSI) has out gained both the Dow Industrial Averages and the NASDAQ indexes. The 20SSI was up 10.45 points to finish at 424.44 while the Dow gained nearly 86 points finishing at 10471.5 and NASDAQ dropped 4 points to end today at 2190.31.

As results of the Copenhagen climate conference are made clearer, consensus shows the need to shift the energy paradigm from conventional, CO2-producing power sources to clean, renewable energy sources as the sun, wind and geothermal. Eleven in the 20SSI showed gains while another three remained unchanged from last Friday. Leaders were Akeena, Amtel Systems and SunTech.

Should this trend continue, solar will end 2009 higher than its Jan 5, 2009 close at 415.41.

MarketWatch reports that recent data from retailers and general consumer sentiment appear strong, uplifting hopes for a good holiday season for spending and bolstering retail profits. It appears most, if not all, major economic yardsticks are pointing toward recovery in the U.S.

20 Solar Stocks Index Week of Dec 7-11, 2009

Monday Open Friday Close Up/Down % Change Close 1/5/09* Close 3/6/09**
Dow Jones DJIA 10388.90 10471.50 +82.6/TD> -.7950% 8952.89 6626.95
NASDAQ 2194.35 2190.31 -4.04 -.1844 1628.03 1293.85






Akeena Solar AKNS 1.00 1.38 +.38 +38 2.28 .61
Amtel Systems ASYS 6.59 7.12 +.53 +8.042 4.00 2.73
Applied Materials AMAT 13.32 13.38 +.06 +.4504 10.67 8.70
Canadian Solar CSIQ 23.00 22.51 -.49 -2.176 7.00 3.0601
ECD (UniSolar) ENER 10.17 10.99 +.82 +8.063 29.33 17.45
Entech Solar ENSL.OB .08 .08 NC NC .28 .23
Evergreen Solar ESLR 1.55 1.55 NC NC 3.60 1.03
First Solar FSLR 129.62 133.10 +3.48 +2.684 157.80 108.49
GT Solar Int. SOLR 5.01 5.62 +.61 +12.17 4.00 4.02
JA Solar JASO 4.40 4.57 +.17 +3.863 5.09 1.91
Kyocera KYO 83.71 88.32 -.39 -5.507 71.87 54.21
LDK Solar LDK 8.99 8.56 -.43 -5.023 14.84 4.40
MEMC Elect. WFR 12.75 12.55 -.20 -1.354 15.76 13.68
Renesola SOL 4.10 4.16 +.06 +1.463 5.15 2.1201
Satcon SATC 2.26 2.25 -.01 -.4444 1.60 1.23
SolarFun SOLF 6.99 6.84 -.15 -2.192 6.12 2.30
SunPower SPWRA 22.31 22.76 +.45 +2.017 45.13 23.39
SunTech STP 15.39 16.97 +1.58 +10.26 13.55 5.34
Trina Solar TSL 47.44 47.80 +.36 +.7588 10.09 7.23
Yingli YGE 15.31 15.31 NC NC 7.25 3.888
20SSI Weekly Cumulative: Previous 413.99 Current 424.44 Change +10.45/+2.52% Avg Stock +3.15% 1/05/09* 415.41 3/06/09** 266.01
* The starting date of the 20 Solar Stock Index (20SSI).
** 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.

Source


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My PhotoFor businesses and homeowners interested in clean, green energy from the sun. Experienced with commercial and residential photovoltaic systems in Southern California. Knowledgeable with crystalline and thin-film PV technologies with general familiarity of concentrating PV. Occasionally, other energy-saving technologies are deemed worthy of attention. Detailed, fee-based consultations are available on request.

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