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. 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.