Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day up 0.5%. By the end of trading, Canadian Solar fell $0.40 (-1.3%) to $30.88 on light volume. Throughout the day, 2,173,867 shares of Canadian Solar exchanged hands as compared to its average daily volume of 3,751,800 shares. The stock ranged in price between $30.30-$31.50 after having opened the day at $31.00 as compared to the previous trading day's close of $31.28. Other companies within the Electronics industry that declined today were:
), down 7.1%,
), down 6.6%,
), down 5.8% and
), down 5.4%.
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Canadian Solar Inc., together with its subsidiaries, engages in the design, development, manufacture, and sale of solar power products worldwide. The company offers solar wafers, cells, and solar module products that convert sunlight into electricity for various uses. Canadian Solar has a market cap of $1.4 billion and is part of the technology sector. Shares are up 804.4% year to date as of the close of trading on Thursday. Currently there are 2 analysts that rate Canadian Solar a buy, no analysts rate it a sell, and none rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins.
- You can view the full Canadian Solar Ratings Report.
On the positive front,
), up 39.5%,
), up 13.8%,
), up 10.1% and
), up 8.3% , were all gainers within the electronics industry with
) being today's featured electronics industry leader.
- 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
) while those bearish on the electronics industry could consider
- Find other investment ideas from our top rated ETFs lists.