Solar Stock Winners and Losers: First Solar

Solar stocks were mostly lower in Friday afternoon trading a day after SunPower(SPWRA Quote) posted a first-quarter loss.

SunPower was trading down 0.9% to $25.69.

The industry could get a boost from legislation in Texas when the Texas State Senate passed a bill to invest $500 million in solar energy through rebates for installations ranging from solar rooftop panels to large-scale projects in West Texas. The bill now moves to the Texas House.

"We took baby steps to start with to jump start the industry," said Sen.Troy Fraser, the bill's author, The Houston Chronicle's Web site reported. Funding for the rebates would come through fees on electric bills.

Elsewhere, shares of First Solar(FSLR Quote) were up 2.1% to $146.49. The Tempe, Ariz., company, in an SEC filing, said that CEO Michael Ahearn received $2.31 million in stock awards in 2008, raising his pay to $3.34 million from $1.8 million in 2007.

Energy Conversion Devices(ENER Quote) was up 0.6% to $16.38.

LDK Solar(LDK Quote) was down 1.7% to $7.32.

Solarfun(SOLF Quote) was down 1.2% to $4.05.

Trina Solar(TSL Quote) was down 1.5% to $12.80.

Canadian Solar(CSIQ Quote) was lower by 2.6% to $5.71.

Green Plains Renewable Energy(GPRE Quote) was off 1% to $1.98.