NEW YORK ( TheStreet) -- Shares of Trina Solar (NYSE: TSL) have taken a tremendous swing upward. The stock is trading at $8.81 as of 12:05 p.m. ET, 20.7% above Tuesday's closing price of $7.30. Volume is at 5.1 million, two times the daily average of 2.6 million. Trina Solar has a market cap of $556.6 million and is part of the technology sector and electronics industry. Shares are up 9.3% year to date as of the close of trading on Tuesday. Trina Solar Limited, through its subsidiaries, designs, develops, manufactures, and sells photovoltaic (PV) modules worldwide. The company has a P/E ratio of 1.7, below the average electronics industry P/E ratio of 38.9 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Trina Solar as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, poor profit margins and disappointing return on equity. You can view the full Trina Solar 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.