3 Stocks Pushing The Technology Sector Lower
1. As of noon trading, First Solar ( FSLR) is down $5.08 (-16.2%) to $26.28 on heavy volume Thus far, 13.7 million shares of First Solar exchanged hands as compared to its average daily volume of 4.6 million shares. The stock has ranged in price between $25.50-$27.25 after having opened the day at $26.84 as compared to the previous trading day's close of $31.36. First Solar, Inc. engages in the design, manufacture, and sale of solar modules using a thin-film semiconductor technology in the United States and internationally. The company is also involved in the design, construction, and sale of photovoltaic solar power systems. First Solar has a market cap of $2.8 billion and is part of the electronics industry. Shares are up 6.1% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate First Solar a buy, 3 analysts rate it a sell, and 14 rate it a hold. TheStreet Ratings rates First Solar as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. Get the full First Solar Ratings Report now. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE If you are interested in one of these 5 stocks, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW). A reminder about TheStreet Ratings group: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.
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