New Treasury Department guidance limiting eligibility for lucrative tax credits follows Trump’s executive order to “strictly enforce” restrictions on the incentives.

Clean energy stocks soared after the Trump administration released new guidance on eligibility requirements for tax credits that weren’t as punitive as the industry had feared.

The U.S. Treasury Department on Friday unveiled stricter rules for how solar and wind projects can qualify for federal tax subsidies that President Donald Trump's new tax and spending law is phasing out over the next two years.