China Solar Stocks

China Solar Stocks
Article by Sam Hopkins

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Real Growth Drives These Shares Higher than the Dow RallyThe most impressive solar eclipse in China last week wasn't the one Beijing residents waited so long to see...It was the solar stock market rally, where Chinese shares tripled the Dow's record pace.Capital city dwellers came out to behold the longest total solar eclipse the Middle Kingdom had seen since 1814. Alas, the sky was too cloudy.As I and anyone else who's visited Beijing during this time of year can tell you, you don't get a lot of blue-sky days.But even though the eye could only strain so much through the haze to see the once-in-a-lifetime celestial wonder, a slew of Chinese and international investors got the treat they wanted from the Chinese sun.And interestingly enough, skywatchers in Shanghai - home of the country's main stock exchange - had a clear view of the natural solar phenomenon.Chinese Solar Stocks Shine BrighterAfter lagging behind the industrial benchmark for months, STP has absolutely crushed the blue chip index recently.To find out why, let's start with the bigger market picture. The Dow is above 9000 for the first time since January. That's great for bulls, but it doesn't make a lot of sense.A positive earnings surprise in the midst of a major economic lull is something like the day the school bully stays home sick.It's a nice break from the normal shakedowns, and your step may lighten, but you know in the back of your mind that you'll have to cough up more lunch money as soon as the bully returns to the playground.Wall Street estimates have been scraping bottom on firms from the most speculative over-the-counter shares, all the way up to blue chips. So, "better than horrible" earnings were all the market needed to get a rise out of buyers.Look at the gap up in STP shares on Tuesday! Some other force must have been at work...And indeed it was: The Chinese government announced a plan to chase the darkness away.The Golden Sun ProjectChina unveiled a multi-ministry solar subsidy package on Tuesday, July 21, that will inject billions into China's solar power industry while pushing towards new national renewable energy targets.With a three-pronged approach, China's central government will spur the creation of up to 2.6 gigawatts of new solar power capacity through 2011. By that time...* The Golden Sun solar subsidy, from the ministries of Finance and Science & Technology, will subsidize 640 MW of solar photovoltaic (PV) installations across the country...* The Ministry of Housing and Urban/Rural Construction will administer a 500 MW-subsidy package for BIPV (building-integrated PV)...* And the National Development and Reform Commission (NDRC) will manage a feed-in tariff to support up to 1.5 GW in new PV installations that will sell energy back to grid utilities.Local market observers are also expecting a new renewable generation target

Total Solar Eclipse | Solar Eclipse Information