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
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|
|GT Solar Int. SOLR||6.16||6.20||+.04||+.6493||4.00||4.02|
|Trina Solar TSL||31.10||28.26||-2.84||-10.05||10.09||7.23|
|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|
** NOTE: Consensus "new" bull market began on Monday, March 9, 2009.
Being active in the solar business, this blogger sees renewed interest in 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
The content & opinions in this article are the author’s and do not necessarily represent the views of AltEnergyMag
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