NEW YORK (

TheStreet

) --

Suntech Power Holdings

(NYSE:

STP

) hit a new 52-week low Thursday as it is currently trading at $7.01, below its previous 52-week low of $7.05 with 163,168 shares traded as of 9:41 a.m. ET. Average volume has been 2.6 million shares over the past 30 days.

Suntech has a market cap of $1.3 billion and is part of the

technology

sector and

electronics

industry. Shares are down 11.1% year to date as of the close of trading on Wednesday.

Suntech Power Holdings Co., Ltd., a solar energy company, engages in the design, development, manufacture, and marketing of photovoltaic (PV) products. The company has a P/E ratio of 4.9, below the average electronics industry P/E ratio of 10.9 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Suntech as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, poor profit margins and a generally disappointing performance in the stock itself. You can view the full

Suntech Ratings Report

.

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