China has announced that it plans to more than quadruple its solar capacity to 35 gigawatts by 2015. Folks, this is massive and should not be ignored. Particularly because China-based solar companies are so heavily reliant upon the actions of the Chinese government. From mind-boggling incentives and subsidies to mandated solar integration, the Middle Kingdom is doing everything it possibly can to keep its solar machine running.
Certainly this is good news for Chinese solar stocks. The major players here, like Trina Solar (NYSE:TSL), Canadian Solar (NASDAQ:CSIQ), and JA Solar (NASDAQ:JASO), are all up in early trading. But this is also good news for solar installers looking to keep those cheap panels rolling in. Certainly solar financing and leasing company SolarCity (NASDAQ:SCTY) has a lot to gain from this, too. SCTY is also up in early trading, and actually crossed $44.40 in pre-market.