Thursday, August 13, 2009

Solar Stocks Getting Crushed: JASO; LDK; SOLF; SOLR; STP;TSL; YGE

This could be bad news for the overall market. As we posted on July 24:
Through all the ups and downs over the last year I have the impression that the solars have led the general market in the magnitude of the moves and possibly been an indicator. This is a subjective observation, I haven't gone back to check the numbers but I do have a fairly good memory.
[which explains all the self-reverential links? -ed]
The Nasdaq list of leading decliners has five solars in the twenty worst (via the WSJ's Markets Data Center):
Thursday, August 13, 2009 - 1:04 pm ET

Issue(Roll over for charts and headlines) Price Chg % Chg Volume
1 PatrickInd (PATK) $1.92 -0.33 -14.45 3,313
2 EmmComm pfA (EMMSP) 3.47 -0.52 -13.06 9,451
3 Netease.com (NTES) 41.00 -5.65 -12.11 5,902,550
4 Lionbridge (LIOX) 2.42 -0.29 -10.70 247,979
5 SolarfnPwr ADS (SOLF) 6.95 -0.72 -9.39 1,305,398
6 GT SolarInt (SOLR) 5.61 -0.51 -8.33 1,233,095
7 ValuVision A (VVTV) 3.37 -0.30 -8.17 273,545
8 JA SolarHldg (JASO) 4.11 -0.37 -8.17 8,883,071
9 OpticalCabl (OCCF) 3.49 -0.31 -8.11 7,394
10 Rentrak (RENT) 16.14 -1.32 -7.56 45,980
11 ParkOH (PKOH) 7.84 -0.59 -7.00 60,532
12 SoComFin (SCMF) 3.06 -0.23 -6.99 39,685
13 Umpqua (UMPQ) 10.55 -0.76 -6.72 687,984
14 SabaSftwr (SABA) 3.53 -0.25 -6.57 94,047
15 ChinaSunergy (CSUN) 4.86 -0.33 -6.36 687,366
16 IntrntGold (IGLD) 8.14 -0.54 -6.22 11,592
17 AvanirPhm A (AVNR) 2.34 -0.15 -6.04 3,356,893
18 AscentSolarTch wtB (ASTIZ) 2.04 -0.13 -6.00 8,800
19 TelestnTech (TSTC) 5.51 -0.35 -5.97 267,667
20 GrnPlnsRenew (GPRE) 7.47 -0.47 -5.92 30,778

The Nyse list has four in the top 11 worst:
Thursday, August 13, 2009 - 1:05 pm ET

Issue(Roll over for charts and headlines) Price Chg % Chg Volume
1 FredMac pfB (FREB) $1.87 -0.63 -25.17 7,818
2 LDK Solar ADS (LDK) 9.21 -2.00 -17.84 11,464,040
3 FannieMae pfG (FNMG) 2.02 -0.33 -14.04 3,500
4 FredMac pfG (FREG) 2.20 -0.31 -12.35 2,100
5 KHD HumWedag (KHD) 9.14 -1.12 -10.92 429,475
6 FedAgrMtg A (AGMA) 5.61 -0.62 -9.95 2,200
7 Htchsn Telcm (HTX) 3.53 -0.33 -8.55 161,723
8 YingliGrnEngy (YGE) 12.33 -1.13 -8.40 7,825,266
9 TrinaSolar ADS (TSL) 27.40 -2.41 -8.08 1,333,412
10 CitigpFndPfdAA (C+P) 13.96 -1.19 -7.85 24,527
11 SuntechPwr (STP) 17.07 -1.29 -7.00 5,811,873