Skip to main content

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.

First Solar



) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 0.7%. By the end of trading, First Solar fell $5.29 (-9.1%) to $52.74 on heavy volume. Throughout the day, 16,527,664 shares of First Solar exchanged hands as compared to its average daily volume of 3,645,300 shares. The stock ranged in price between $49.52-$53.60 after having opened the day at $50.15 as compared to the previous trading day's close of $58.03. Other companies within the Technology sector that declined today were:




), down 27.3%,



), down 14.8%,

TigerLogic Corporation



), down 12.1% and

China Digital TV



), down 10.9%.

First Solar, Inc. provides solar energy solutions. It operates in two segments, Components and Systems. The Components segment engages in the design, manufacture, and sale of solar modules that convert sunlight into electricity. First Solar has a market cap of $5.7 billion and is part of the electronics industry. Shares are up 6.2% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate First Solar a buy, 2 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates

First Solar

as a


. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that the company's profit margins have been poor overall.

On the positive front,

ChinaNet Online Holdings



), up 106.6%,

Edgewater Technology



), up 20.3%,

EZChip Semiconductor



), up 16.0% and




), up 13.1% , were all gainers within the technology sector with

F5 Networks



) being today's featured technology sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider

Technology Select Sector SPDR



) while those bearish on the technology sector could consider

ProShares Ultra Short Technology




STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.