NEW YORK ( TheStreet) -- Shares of Suntech Power Holdings (NYSE: STP) have taken a tremendous swing upward. The stock is trading at $2.10 as of 11:10 a.m. ET, 23.5% above Monday's closing price of $1.70. Volume is at 4.3 million, 1.2 times the daily average of 3.5 million.

Suntech has a market cap of $416.2 million and is part of the technology sector and electronics industry. Shares are down 75.2% year to date as of the close of trading on Monday.

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 3.4 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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