Solar Shines Again

Up 40% in one day? And almost all stocks in the same sector? Yes this happens to almost all Chinese solar stocks after the announcement that the Chinese government is planning to subsidize solar power installation. And with the solar stocks hammered so badly, many of them are seeing single digit P/E ratio which make the stock price really attractive. So 40% gain across the board isn't a surprise. Here are how the Chinese solar stock did today:

• Canadian Solar (CSIQ) +27.54%
• China Sunergy (CSUN) +30%
• JA Solar (JASO) +41.73%
• LDK Solar (LDK) +31.75%
• ReneSola (SOL) +40.68%
• Solarfun (SOLF) +41.74%
• Suntech Power (STP) +43.82%
• Trina Solar (TSL) + 40.76%
• Yingli Green Energy (YGE) +44.82%