Shares of First Solar (Nasdaq:FSLR) have taken a tremendous swing upward. The stock is trading at $33.50 as of 1:41 p.m. ET, 23.9% above Monday's closing price of $27.04. Volume is at 8.3 million, 1.7 times the daily average of 4.8 million.
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. NEW YORK ( TheStreet) -- Shares of First Solar (Nasdaq: FSLR) have taken a tremendous swing upward. The stock is trading at $33.50 as of 1:41 p.m. ET, 23.9% above Monday's closing price of $27.04. Volume is at 8.3 million, 1.7 times the daily average of 4.8 million.
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First Solar has a market cap of $2.3 billion and is part of the technology sector and electronics industry. Shares are down 12.4% year to date as of the close of trading on Monday. 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. 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. You can view the full First Solar Ratings Report. See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center. 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.