China Sunergy Stock Soars (CSUN)

NEW YORK ( TheStreet) -- Shares of China Sunergy (Nasdaq: CSUN) have taken a tremendous swing upward. The stock is trading at $2.19 as of 2:51 p.m. ET, 21% above Tuesday's closing price of $1.81. Volume is at 913,456, 3.3 times the daily average of 274,900.

China Sunergy has a market cap of $73.9 million and is part of the technology sector and electronics industry. Shares are down 56.7% year to date as of the close of trading on Tuesday.

China Sunergy Co., Ltd., together with its subsidiaries, engages in the design, development, manufacture, and sale of solar cells. The company has a P/E ratio of 1.3, above the average electronics industry P/E ratio of 0.8 and below the S&P 500 P/E ratio of 17.7.

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

See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center.

Interested in other stocks that are soaring? Get free SMS text alerts sent to you when the action happens by texting SOAR to 95370 or select from multiple alert options.

null

More from Markets

Dow Logs Eighth Straight Drop as Stocks Slump

Dow Logs Eighth Straight Drop as Stocks Slump

This Is What's Hot Thursday - Stocks Slide, Intel's CEO Woes & Major Movers

This Is What's Hot Thursday - Stocks Slide, Intel's CEO Woes & Major Movers

U.S. Banks Pass Fed 'Stress Test' With Room for Dividends, Buybacks

U.S. Banks Pass Fed 'Stress Test' With Room for Dividends, Buybacks

U.S. Drillers at Mercy of Iran, Saudi Production Spat as OPEC Meeting Begins

U.S. Drillers at Mercy of Iran, Saudi Production Spat as OPEC Meeting Begins

Comcast's Brian Roberts vs. Disney's Bob Iger: Which Titan Will Nab Fox?

Comcast's Brian Roberts vs. Disney's Bob Iger: Which Titan Will Nab Fox?