Dow, NASDAQ do okay, too..Solarstocks rebounded from about 2% down on average last week to nearly 7%up at the end of today’s trading. This is the eighth week in a row theNASDAQ has gained. The Dow has gained seven of those eight weeks whichbegan March 9, the supposed beginning of the current bull run.
Seventeenin the 20 Solar Stock Index were gainers with First Solar leading thepack gaining 33.43 points, an 18.48% gain for the week. First Solarreported Wednesday the Q1 revenues at $418.2 million with a net incomeof $164.6 million. This was down from $433.7 million in Q4 ’08 butsignificantly better the first quarter ’08 at $196.9 million.Evidently, First Solar’s cadmium telluride cell technology continues towow the PV market.
Since March 9, the DJIA has gained 19.3%overall; the NASDAQ, 24.74%. Although this solar stock index was up sixof the eight weeks since March 9, the PV sector still gained over 63%since that date.
Is Wall Street simply overlooking this solarsurge or is it choosing to overlook it. Rumors have compared solar’supswings to the dot.coms of the late 90s. But those were a lot ofvaporware; solar power is real equipment producing real energy in aclean, renewable way. It would certainly seem to be what the nation andthe world needs right now.
Week of April 27-May 1, 2009
|Monday Open||Friday Close||Up/Down||% Change||Close 1/5/09|
|Dow Jones DJIA||8076.29||8212.41||+136.12||+1.657%||8952.89|
|Akeena Solar AKNS||1.12||1.07||-.05||-4.464||2.28|
|Amtel Systems ASYS||3.67||4.60||+.93||+20.21||4.00|
|Applied Materials AMAT||11.70||12.18||+.48||+3.940||10.67|
|Canadian Solar CSIQ||6.46||6.86||+.40||+5.831||7.00|
|ECD (UniSolar) ENER||16.66||18.71||+2.05||+10.95||29.33|
|Entech Solar ENSL.OB||.2598||.22||-.0398||-15.35||.28|
|Evergreen Solar ESLR||2.16||2.11||-.05||-2.314||3.60|
|First Solar FSLR||147.46||180.89||+33.43||+18.48||157.80|
|GT Solar Int. SOLR||6.58||7.49||+.52||+6.95||4.00|
|JA Solar JASO||3.20||3.50||+.30||+8.571||5.09|
|LDK Solar LDK||7.37||8.20||+.83||+10.12||14.84|
|MEMC Elect. WFR||15.44||16.54||+1.10||+6.650||15.76|
|Trina Solar TSL||13.20||15.90||+2.70||+16.98||10.09|
|Percent change all 20 stocks this week:||+6.72%|
This Week: Dow Down, NASDAQ Up; Solar Dips About 2%