NEW YORK (

TheStreet

) -- Shares of

Suntech Power Holdings

(NYSE:

STP

) have taken a tremendous swing upward. The stock is trading at $2.96 as of 2:45 p.m. ET, 20.4% above Wednesday's closing price of $2.46. Volume is at 8.8 million, two times the daily average of 4.4 million.

Suntech has a market cap of $403.6 million and is part of the

technology

sector and

electronics

industry. Shares are down 69.3% 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 1.5, below the average electronics industry P/E ratio of 3.3 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Suntech as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally poor debt management and poor profit margins. You can view the full

Suntech Ratings Report

.

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