First Solar Inc. (FSLR): Today's Featured Electronics Laggard

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 Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day up 0.8%. By the end of trading, First Solar fell 53 cents (-1.6%) to $32.03 on light volume. Throughout the day, 2.8 million shares of First Solar exchanged hands as compared to its average daily volume of 5.5 million shares. The stock ranged in price between $31.40-$32.71 after having opened the day at $32.57 as compared to the previous trading day's close of $32.56. Other companies within the Electronics industry that declined today were: TranSwitch Corporation ( TXCC), down 13.3%, Digital Power Corporation ( DPW), down 12.6%, Giga-tronics ( GIGA), down 11.9%, and Aetrium Incorporated ( ATRM), down 8.2%.
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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 $2.76 billion and is part of the technology sector. Shares are down 5.9% year to date as of the close of trading on Friday. Currently there are three analysts that rate First Solar a buy, one analyst rates 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 positive front, Geospace Technologies ( GEOS), up 30.4%, Ambarella ( AMBA), up 9.9%, Spire Corporation ( SPIR), up 8.9%, and Orion Energy Systems ( OESX), up 8.6%, were all gainers within the electronics industry with Agilent Technologies ( A) being today's featured electronics industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the electronics industry could consider iShares Dow Jones US Technology ( IYW) while those bearish on the electronics industry could consider ProShares Ultra Short Semiconductor ( SSG).

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