Yingli (YGE), Trina Solar (TSL), Suntech (STP), JA Solar (JASO) Get Temporary Reprieve from Italy

Yingli Green Energy (NYSE:YGE), Trina Solar (NYSE:TSL), Suntech Power (NYSE:STP), JA Solar (NASDAQ:JASO), LDK Solar (NYSE:LDK), First Solar (NASDAQ:FSLR), SunPower Corp. (NASDAQ:SPWRA) and JinkoSolar (NYSE:JKS) all moved up Tuesday on news Italy will gradually phase out it renewable energy incentives rather than drop them all at once.

Both Germany and Italy, two of the major countries concerning solar demand, both said this year they were going to cut back on supply, as they've met their solar goals at this time.

There is also the budget pressures in the European Union in face of the sovereign debt crisis in the region, which Germany has been bearing the brunt of, and Italy being one of the countries struggling to make ends meet.

Solar dropped on Monday when Italy announced it would cap solar at 8GW.