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 0.2%. By the end of trading, First Solar rose 30 cents (1.1%) to $26.59 on light volume. Throughout the day, 3.2 million shares of First Solar exchanged hands as compared to its average daily volume of five million shares. The stock ranged in a price between $25.76-$26.94 after having opened the day at $26.24 as compared to the previous trading day's close of $26.29. Other companies within the Technology sector that increased today were: BOS Better Online Solutions ( BOSC), up 44.6%, Parametric Sound ( PAMT), up 21.3%, MERU Networks ( MERU), up 17%, and RELM Wireless Corporation ( RWC), up 15.1%.
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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 $2.27 billion and is part of the electronics industry. Shares are down 15.4% year to date as of the close of trading on Friday. Currently there is one analyst that rates First Solar a buy, three analysts rate it a sell, and 15 rate it a hold.

TheStreet Ratings rates First Solar as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and poor profit margins.

On the negative front, Canadian Solar ( CSIQ), down 15.6%, Dataram Corporation ( DRAM), down 12.5%, Superconductor Technologies ( SCON), down 12.1%, and New Energy Systems Group ( NEWN), down 8.8%, were all laggards within the technology sector with Akamai Technologies ( AKAM) 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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