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) -- Solar and alternative energy ETFs sold off on Friday, as markets gave a thumbs down to results from

First Solar

(FSLR) - Get First Solar Inc. Report


MEMC Electronics


reported on Thursday.

First Solar beat earnings expectations, but solar sector bears chose to beat down the stock by 7.42%

on pricing pressure concerns and subsidy reductions

. MEMC missed earnings estimate by 3 cents and the stock is among the worst losers on Friday morning, dropping 15.2% to $9.55.

Market Vectors Solar ETF


, which has a 10.2% holding in MEMC and a 9.6% holding in First Solar, shed 4.2% on Friday to end at $11.18.

Claymore/MAC Global Solar Energy ETF

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TheStreet Recommends

(TAN) - Get Invesco Solar ETF Report


iShares S&P Global Clean Energy ETF

(ICLN) - Get iShares Global Clean Energy ETF Report

were also heading lower.

Appetite for gold returned again on Friday. Gold prices headed higher as the dollar sank to a 2010 low on weak economic growth data. The

SPDR Gold Shares

(GLD) - Get SPDR Gold Shares Report

rose 1.1% to $115.50. The

Market Vectors Junior Gold Miners ETF

(GDXJ) - Get VanEck Junior Gold Miners ETF Report

, which invests in higher-risk, higher-return gold stocks, also gained 1.8%.

-- Reported by Shanthi Venkataraman in New York.

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