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 0.3%. By the end of trading, First Solar fell 42 cents (-1.5%) to $27.60 on light volume. Throughout the day, 3.7 million shares of First Solar exchanged hands as compared to its average daily volume of five million shares. The stock ranged in price between $27-$28.19 after having opened the day at $28.17 as compared to the previous trading day's close of $28.02. Other companies within the Technology sector that declined today were: New Energy Systems Group ( NEWN), down 11.6%, TranSwitch Corporation ( TXCC), down 11.6%, Overland Storage ( OVRL), down 10.2%, and Crexendo ( EXE), down 10.1%.
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First Solar, Inc. provides solar energy solutions. It operates in two segments, Components and Systems. The Components segment engages in the design, manufacture, and sale of solar modules that convert sunlight into electricity. First Solar has a market cap of $2.51 billion and is part of the electronics industry. Shares are down 9.2% year to date as of the close of trading on Monday. Currently there is one analyst that rates First Solar a buy, two analysts rate it a sell, and 14 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.