The electronics industry closed the day down 3.4%. Memsic Inc ( MEMS), Daystar Technologies Inc ( DSTI), Jabil Circuit Inc ( JBL), and RDA Microelectronics Inc ( RDA) were all winners today within the electronics industry with Hanwha SolarOne ( HSOL) being today's featured electronics winner. Hanwha SolarOne rose 25 cents (10.5%) to $2.64 on heavy volume. Throughout the day, 2.2 million shares of Hanwha SolarOne exchanged hands as compared to its average daily volume of 834,100 shares. Hanwha SolarOne, Ltd. provides various energy solutions including silicon ingots, wafers, monocrystalline and polycrystalline solar cells, and solar modules. The company also provides project development and financing services. Hanwha SolarOne has a market cap of $261.1 million and is part of the technology sector. The company has a P/E ratio of 1.5, below the average electronics industry P/E ratio of 2.7 and below the S&P 500 P/E ratio of 17.7. Shares are down 70.7% year to date as of the close of trading on Tuesday. TheStreet Ratings rates Hanwha SolarOne as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and increase in net income. However, as a counter to these strengths, we also find weaknesses including poor profit margins, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share.
Investors in Hanwha SolarOne Co Ltd saw new options become available this week, for the September 18th expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 233 days until expiration the newly available contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.