Since March 9: Dow Up 21%; Solar Up 56%

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Dow’s best 4-week spike since ’33…

TheDow Jones Industrial Average just finished its best four-week streaksince 1933. The Dow opened Monday, March 9 at 6626.95 then marched onto a stellar climb to 8017.19 at the end of trading today–a gaudy gainof 1390.24 points or 21%. The tech-concentrated NASDAQ grew from1293.85 to 1621.87 points, 25.35% up. However, the 20SSI have to takethe prize having gained 56.10% net combined since March 9.

 

GTSolar was the biggest gainer in solar gaining $2.50 a share for theweek, over a 40% gain. SunTech, SatCon and Canadian Solar also had agood week of trading. It’s disturbing mainstream media is eitheroblivious or doesn’t want pick up on solar’s thrust in the market.Three stocks, MEMC, Satcon and Trina Solar, exceeded their January 5starts. For comparison’s sake it would be timely to analyze the rise ofthe stocks in this index against the rapid demise of Chrysler and GM.Oh how the mighty have fallen.Investors seem to betting on aneconomic rebound and technology stocks despite grim employment reports.Some 663,000 jobs were lost in March nationwide for a total of 5.1million since the recession began about 14 months ago. Reportedunemployment jumped to 8.5% well exceeded the 8.1% projection.
Incentivesfor solar power installations and low panel prices plus the onset ofspring is bolstering the PV industry. Just like housing, it’s a greatto time go solar if you have the cash or the credit. Signs of banksopening up are showing and this helps. Furthermore, one thing’s forsure, utilities will raise rates if and when they can.

Week of March 30-April 3, 2009

Monday Open Friday Close Up/Down % Change Close 1/5/09
Dow Jones DJIA 7776.18 8017.59 +241.41 +3.10% 8952.89
NASDAQ 1545.20 1621.87 +76.77 +4.96 1628.03
Akeena Solar AKNS 1.11 1.19 +.08 +7.20 2.28
Amtel Systems ASYS 3.46 3.27 -.19 -5.50 4.00
Applied Materials AMAT 11.23 11.81 +.58 +5.16 10.67
Canadian Solar CSIQ 5.76 6.73 +.97 +16.84 7.00
ECD (UniSolar) ENER 13.23 15.77 +2.54 +19.191 29.33
Entech Solar ENSL.OB +.32 .245 -.075 -23.44 .28
Evergreen Solar ESLR 2.33 2.20 -.13 -5.58 3.60
First Solar FSLR 147.36 134.38 -12.98 -8.81 157.80
GT Solar Int. SOLR 4.22 6.72 +2.50 +40.76 4.00
JA Solar JASO 3.93 3.47 -.46 -11.71 5.09
Kyocera KYO 68.07 68.19 +.12 +.17 71.87
LDK Solar LDK 7.19 6.99 -.20 -2.79 14.84
MEMC Elect. WFR 18.38 18.69 +.31 +1.68 15.76
Renesola SOL 3.70 3.84 +.14 +3.78 5.15
Satcon SATC 1.63 1.88 +.25 +15.33 1.60
SolarFun SOLF 4.67 4.318 -.352 -7.54 6.12
SunPower SPWRA 25.30 24.67 -.63 -2.50 45.13
SunTech STP 11.65 14.00 +2.35 +20.17 13.55
Trina Solar TSL 12.33 11.15 -1.18 -9.58 10.09
Yingli YGE 6.15 6.78 +.63 +10.24 7.25
Percent change all 20 stocks this week: +1.85%

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