First Solar Inc. (FSLR): Today's Highlighted Laggard In Technology

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%.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

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.

On the positive front, SemiLEDs ( LEDS), up 26.6%, LogMeIn ( LOGM), up 19.6%, Dialogic ( DLGC), up 15.3%, and Revolution Lighting Technologies ( RVLT), up 13.6%, were all gainers within the technology sector with Texas Instruments ( TXN) 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).

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.
null

If you liked this article you might like

3 'Orphan Stocks' to Consider Adopting

Alaska Air, Corcept Therapeutics, First Solar: 'Mad Money' Lightning Round

Markets Focus on Business: Cramer's 'Mad Money' Recap (Monday 8/28/17 )

First Solar Warms Up

First Solar Awarded 241MW Supply Contract for Edify Energy