The Dow Jones Industrial Average recorded its best month in nearly seven years, posting an 882-point boost since Friday, July 3. In fact it was the best July for Wall Street in twenty years. Gains for the week for the Dow and NASDAQ were meager however, with both gaining less than a percent. The 20SSI decreased 5.8% from last week's close but the net gain since July 3 was nearly 22 points.

Solar Stock Update - July 31/09 - Dow's best month since Oct. '02

David Brands | Blog - Solar Advice for Free

Company earnings and earnings outlooks continue to lead the surge on the major indexes. The big gainer for solar this week was Entech Solar which announced "successful completion of the preliminary design review and prototype of the next-generation concentrating solar product, ThermaVolt II." The company is also completed preliminary design for a tubular skylight. To be frank, many solar investors may have decided to take short-term profits on the terrific gains made in the industry earlier on the month.

Week of July 27-31, 2009
  Monday Open Friday Close Up/Down % Change Close 1/5/09* Close 3/6/09**
Dow Jones DJIA 9093.24 9171.62 +78.38 +.8619% 8952.89 6626.95
NASDAQ 1965.96 1978.5 +12.54 +.6378 1628.03 1293.85
           
Akeena Solar AKNS 1.41 1.3101 -.0999 -.0763 2.28 .61
Amtel Systems ASYS 5.56 5.74 +.18 +3.237 4.00 2.73
Applied Materials AMAT 13.19 13.80 +.61 +4.625 10.67 8.70
Canadian Solar CSIQ 15.57 14.54 -1.03 -7.084 7.00 3.0601
ECD (UniSolar) ENER 15.22 14.24 -1.03 -7.084 29.33 17.45
Entech Solar ENSL.OB .1900 .2300 +.0400 +21.05 .28 .23
Evergreen Solar ESLR 2.34 2.10 -.24 -11.43 3.60 1.03
First Solar FSLR 169.43 154.39 -15.04 -9.741 157.80 108.49
GT Solar Int. SOLR 6.16 6.20 +.04 +.6493 4.00 4.02
JA Solar JASO 5.32 4.81 -.51 +10.60 5.09 1.91
Kyocera KYO 78.83 80.17 +1.34 +1.699 71.87 54.21
LDK Solar LDK 11.81 10.94 -.87 -7.952 14.84 4.40
MEMC Elect. WFR 18.74 17.62 -1.12 -6.356 15.76 13.68
Renesola SOL 6.20 5.45 -.75 -1.376 5.15 2.1201
Satcon SATC 1.80 1.89 +.09 +.5586 1.60 1.23
SolarFun SOLF 7.50 7.20 -.30 -4.166 6.12 2.30
SunPower SPWRA 32.04 32.20 +.16 +.4993 45.13 23.39
SunTech STP 20.49 18.39 -2.10 -11.42 13.55 5.34
Trina Solar TSL 31.10 28.26 -2.84 -10.05 10.09 7.23
Yingli YGE 15.10 13.27 -1.83 -13.79 7.25 3.888
20SSI Weekly Cumulative: Previous 458 Current 432.75 Change -25.25/-5.8% Avg Stock -3.208% 1/05/09* 415.41 3/06/09** 266.01
* The starting date of the 20 Solar Stock Index (20SSI).
** NOTE: Consensus "new" bull market began on Monday, March 9, 2009.

Being active in the solar business, this blogger sees renewed interest in PV systems as the summer gets hotter in California and can last into November. Power rates are high and demand shoots up with the gross necessity of air conditioning--especially in the inland deserts which are getting more inhabitants resulting from cheaper land. Places like Palm Springs, Palm Desert, Indian Wells and Indio are beginning to see some serious traffic. There is a thriving town called Ridgecrest farther north with its own solar-powered junior college. Ridgecrest is 17 miles from Death Valley, the hottest spot in the contiguous 48 states. Inland desert temperatures range from 98-123 degrees in the hot months and the AC required to stay comfortable can result in electricity bills that look more like mortgage payments. ROI for solar installations here is quick and painless.

David Brands San Diego, California
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. Publisher of Solar Advice for Free 

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

The Solar Fastener Expert by Mudge Fasteners. Your Source for Solar Industry-Related Hardware

The Solar Fastener Expert by Mudge Fasteners. Your Source for Solar Industry-Related Hardware

3M™ Extreme Sealing Tape is a family of single coated, pressure sensitive adhesive tapes designed for difficult sealing applications. The backing on this tape is an ionomer film that is very tough yet flexible and abrasion resistant. The very soft and thick acrylic adhesive has excellent sealing properties and good outdoor durability. This single coated tape is designed to seal over an existing joint, seam, or penetration. The adhesive is designed to adhere well to the ionomer film so that overlapping tape joints can be made while maintaining a strong seal. 3M™ Extreme Sealing Tape - instant sealing that rolls on fast and looks good.