First Solar Inc. (FSLR): Today's Featured Technology 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 Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 0.6%. By the end of trading, First Solar fell 82 cents (-2.4%) to $33.59 on average volume. Throughout the day, 4.6 million shares of First Solar exchanged hands as compared to its average daily volume of 4.6 million shares. The stock ranged in price between $33.01-$34.30 after having opened the day at $33.45 as compared to the previous trading day's close of $34.41. Other companies within the Technology sector that declined today were: Winland Electronics ( WEX), down 12.5%, Silicon Image ( SIMG), down 10.8%, DynaVox ( DVOX), down 7.8%, and ModusLink Global Solutions ( MLNK), down 7.3%.
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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 $2.78 billion and is part of the electronics industry. Shares are up 3.7% year to date as of the close of trading on Thursday. Currently there are three analysts that rate First Solar a buy, two analysts rate it a sell, and 18 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, Dialogic ( DLGC), up 23.8%, Uni-pixel ( UNXL), up 20.2%, Dot Hill Systems Corporation ( HILL), up 19.6%, and Phazar Corporation ( ANTP), up 14.2%, were all gainers within the technology sector with Research in Motion ( RIMM) being today's featured technology sector leader.

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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