Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Trina Solar Ltd. (NYSE: TSL) popped 11% in intraday trading today as investors bet that the solar industry will benefit from the nuclear reactor issues stemming from the tragic earthquake and tsunami in Japan.

So what: Japan, the third largest economy in the world, is also the world's third largest oil consumer. Some nuclear reactors in the country were severely damaged by the natural disaster.

Now what: With dangers of nuclear power highlighted by the situation in Japan, demand in both Japan and other countries may shift from nuclear to solar power. This could be a long-term positive for solar industry companies such as Trina.

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