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 0.5%. By the end of trading, First Solar fell $0.60 (-1.4%) to $41.37 on average volume. Throughout the day, 8,319,658 shares of First Solar exchanged hands as compared to its average daily volume of 7,818,100 shares. The stock ranged in price between $40.46-$42.84 after having opened the day at $42.35 as compared to the previous trading day's close of $41.97. Other companies within the Technology sector that declined today were: Net Element International ( NETE), down 14.0%, Ebix ( EBIX), down 13.4%, Multiband Corporation ( MBND), down 12.7% and Oracle Corporation ( ORCL), down 9.3%.
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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 $3.9 billion and is part of the electronics industry. The company has a P/E ratio of 9.4, below the S&P 500 P/E ratio of 17.7. Shares are up 44.3% year to date as of the close of trading on Thursday. Currently there is 1 analyst that rates First Solar a buy, 4 analysts rate it a sell, and 12 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 solid stock price performance. However, as a counter to these strengths, we find that the company's profit margins have been poor overall.

On the positive front, TigerLogic Corporation ( TIGR), down 25.6%, Intelligent Systems ( INS), down 16.3%, Spreadtrum Communications ( SPRD), down 16.2% and Daqo New Energy ( DQ), down 14.1% , were all gainers within the technology sector with Agilent Technologies ( A) 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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