First Solar Inc. (FSLR): Today's Featured Technology Winner

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

First Solar ( FSLR) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 0.6%. By the end of trading, First Solar rose 86 cents (3.5%) to $25.31 on light volume. Throughout the day, 3.2 million shares of First Solar exchanged hands as compared to its average daily volume of 6.4 million shares. The stock ranged in a price between $24.41-$25.48 after having opened the day at $24.75 as compared to the previous trading day's close of $24.45. Other companies within the Technology sector that increased today were: Oclaro ( OCLR), up 25.6%, Anadigics ( ANAD), up 20.9%, Geospace Technologies ( GEOS), up 19.4%, and OYO Geospace Corporation ( OYOG), up 19.4%.
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First Solar, Inc. engages in the design, manufacture, and sale of solar modules using a thin-film semiconductor technology in the United States and internationally. The company is also involved in the design, construction, and sale of photovoltaic solar power systems. First Solar has a market cap of $2.13 billion and is part of the electronics industry. The company has a P/E ratio of -3.2, below the S&P 500 P/E ratio of 17.7. Shares are down 27.5% year to date as of the close of trading on Friday. Currently there are three analysts that rate First Solar a buy, two analysts rate it a sell, and 19 rate it a hold.

TheStreet Ratings rates First Solar as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.

On the negative front, Pulse Electronics ( PULS), down 23.3%, China Information Technology ( CNIT), down 13.1%, Eltek ( ELTK), down 9.8%, and Dialogic ( DLGC), down 9.7%, were all laggards within the technology sector with Verizon Communications ( VZ) being today's technology sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

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