China Solar Companies Trina, Suntech, and Canadian Step it Up (CSIQ, STP, TSL)

Chinese solar companies stocks including Trina Solar (NYSE:TSL), Suntech Power Holdings (NYSE:STP) and Canadian Solar (NASDAQ:CSIQ) are off the races today after beating the Street and are ramping up production, by as much as 40%.

Shares of Trina (TSL) are up 3%, Suntech (STP) up 5% and Canadian Solar (CSIQ) is up 4%.  The same luck cannot be applied to American solar companies, Evergreen Solar (ESLR) is down 2% and First Solar (FSLR) is down 3%.

GO CHINA SOLAR
(TraderMark) If you are not familiar with the solar industry in China - there are literally over 100 firms there. Suntech is their largest fish, but again its 3% of one company's production; i.e. equivalent to 1/10th of one of Suntech's countless smaller competitors.

Suntech (STP) is going to build a new solar manufacturing plant in Phoenix, AZ which in the end will bring 250 much needed jobs to Arizona.  Its a great deal for STP, they get tax breaks and incentives while bringing back the money to China.  Deals like the one Suntech just landed make it hard for little guys like Evergreen Solar (ESLR), just think of how Wall Street is processing all this information.

Read Suntech, Trina Expand Output as Profits Top Estimates (Update1) for more on today's movers.