Based on the aggregated intelligence of 130,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, solar-cell maker China Sunergy (NASDAQ:CSUN) has received a distressing two-star ranking.

With that in mind, let's take a closer look at China Sunergy's business, and see what CAPS investors are saying about the stock right now.

China Sunergy facts

Headquarters (founded)

Nanjing, China (2004)

Market Cap

$148.16 million

Industry

Electrical Components and Equipment

Trailing-12-Month Revenue

$350.9 million

Management

CEO Ruennsheng Wang

Chief Technology Officer Dr. Jianhua Zhao

1-Month Price Change

118%

Competitors

Trina Solar (NYSE:TSL)

JA Solar (NASDAQ:JASO)

CAPS members bearish on CSUN also bearish on

Palm (NASDAQ:PALM)

First Solar (NASDAQ:FSLR)

CAPS members bullish on CSUN also bullish on

Solarfun Power (NASDAQ:SOLF)

Apple (NASDAQ:AAPL)

Sources: Capital IQ, a division of Standard & Poor's, and Motley Fool CAPS.

Over on CAPS, some 36% of the 100 All-Star members who have rated China Sunergy believe the stock will underperform the S&P 500 going forward. Among the entire bear population are my Foolish colleague Rich Smith (TMFDitty), who is ranked in the top 1% of our community, and Hopper39.

Just yesterday, Rich decided to make a play on last week's "solar supernova" (caused by the Chinese government's decision to launch a generous subsidy for solar initiatives):

Thumbs down across the sector for one reason and one reason only: No stock deserves to double in value in a matter of days based on a single, vague, announcement of government intent.

In a pitch on the day of the announcement, Hopper39 shared that very same feeling:

Weak Chinese solar producer. Unspecific news on China solar subsidy lead to short-squeeze & strong "buy" sentiment. Much of the upside from the subsidy appears to be priced into today's jump; expect short-term underperform, especially if subsidy details clarify enthusiasm wasn't fully justified. There are better China options-[Trina Solar], [Yingli Green Energy], [JA Solar]. I'll withhold the thumbs down on them for now.

Though most solar stocks have already moved back from Thursday's move, it's tough to imagine how companies like China Sunergy and Solarfun Power won't fall even further. Holding best-of-breeders after unwarranted short-term gains is dangerous enough, but when you decide to hang onto more fragile firms, it almost never ends up well.

Until more details of the proposed subsidy come out, solar stock valuations will have huge questions surrounding them. But for weaker players like China Sunergy, the good news baked into the price might be too good not to sell.

But what do you think about China Sunergy, or any other stock for that matter? Make your voice heard on Motley Fool CAPS today. More than 130,000 investors are waiting to hear what you have to say. CAPS is 100% free, so simply click here to get started.

Fool contributor Brian Pacampara owns no position in any of the companies mentioned. Apple is a Motley Fool Stock Advisor pick. The Fool's disclosure policy always gets a perfect score.