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TheStreet Wire

Hanwha SolarOne Co Ltd. (HSOL): Today's Featured Electronics Winner

By TheStreet Wire 09/28/11 - 05:49 PM EDT

Find out if (HSOL) is in Cramer's Portfolio.

The electronics industry closed the day down 3.4%. Memsic Inc (MEMS), Daystar Technologies Inc (DSTI), Jabil Circuit Inc (JBL), and RDA Microelectronics Inc (RDA) were all winners today within the electronics industry with Hanwha SolarOne (HSOL) being today's featured electronics winner. Hanwha SolarOne rose 25 cents (10.5%) to $2.64 on heavy volume. Throughout the day, 2.2 million shares of Hanwha SolarOne exchanged hands as compared to its average daily volume of 834,100 shares.

Hanwha SolarOne, Ltd. provides various energy solutions including silicon ingots, wafers, monocrystalline and polycrystalline solar cells, and solar modules. The company also provides project development and financing services. Hanwha SolarOne has a market cap of $261.1 million and is part of the technology sector. The company has a P/E ratio of 1.5, below the average electronics industry P/E ratio of 2.7 and below the S&P 500 P/E ratio of 17.7. Shares are down 70.7% year to date as of the close of trading on Tuesday.

TheStreet Ratings rates Hanwha SolarOne as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and increase in net income. However, as a counter to these strengths, we also find weaknesses including poor profit margins, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share.

You can view the full Hanwha SolarOne Ratings Report.

On the negative front, Applied Energetics Inc (AERG), Energy Conversion Devices Inc (ENER), Emcore Corporation (EMKR), and ReneSola (SOL) were all losers within the electronics industry with NVIDIA Corporation (NVDA) being today's electronics industry Loser Spotlight stock.

Use our electronics section to find industry-relevant news.
Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the electronics industry could consider iShares Dow Jones US Technology (IYW) while those bearish on the electronics industry could consider ProShares Ultra Short Semiconductor (SSG).

Find other investment ideas from our top rated ETFs lists.

For more information on Hanwha SolarOne Co. Ltd. click any of the following:

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