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 solar panel maker Trina Solar (NYSE: TSL) fell 12% today when the company's audit committee head resigned.

So what: Investors are spooked because Peter Mak resigned from the board, and he was also the company's audit committee chairman. If you've been following Chinese stocks at all this year you know that when there's a shakeup in the audit committee at one of these companies, investors perk up their ears. Today, they're just running for the hills.

Now what: Late last week I asked if solar stocks were too good to be true, and this was one of the risk factors I pointed out. We just don't know exactly what we're getting into with Chinese stocks. This may be a complete overreaction by the market, but I would be much more comfortable in U.S.-based companies First Solar (Nasdaq: FSLR) and SunPower (Nasdaq: SPWRA), which provide a much more reliable investment right now.

Interested in more info on Trina Solar? Add it to your watchlist.

Fool contributor Travis Hoium owns shares of First Solar and SunPower. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.

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