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SIOUX FALLS, S.D. - Solar stocks that surged earlier Friday slipped back a bit after the House passed a financial industry bailout that included incentives for renewable energy.
The $700 billion plan to buy bad assets from banks and other institutions included an eight-year extension of investment credits for solar energy, as well as breaks for wind, geothermal and other alternative sources.
Shares of Suntech Power Holdings Co., which peaked at $35.68 Friday, was trading up $2.98, or 9.8 percent, at $33.52. Another Chinese solar company, Trina Solar Ltd., was up $1.13, or 5.3 percent, to $22.59 after hitting $24 earlier Friday.
JA Solar Holdings Co. Ltd., which hit $11.50 earlier, was up 57 cents, or 5.7 percent, to $10.65. First Solar, which reached as high as $194.30, was up $4.68, or 2.6 percent, to $182.54.
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