First Solar Inc. (FSLR): Today's Featured Technology Winner

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 2.2%. By the end of trading, First Solar rose $1.50 (3.3%) to $46.31 on average volume. Throughout the day, 6,322,987 shares of First Solar exchanged hands as compared to its average daily volume of 8,054,800 shares. The stock ranged in a price between $45.28-$47.44 after having opened the day at $45.38 as compared to the previous trading day's close of $44.81. Other companies within the Technology sector that increased today were: Voltari ( VLTC), up 888.7%, Wave Systems Corporation ( WAVX), up 260.0%, TranSwitch Corporation ( TXCC), up 18.1% and Interphase ( INPH), up 15.4%.

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 $4.3 billion and is part of the electronics industry. The company has a P/E ratio of 9.7, below the S&P 500 P/E ratio of 17.7. Shares are up 44.2% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate 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 negative front, SatCon Technology Corporation ( SATC), down 33.3%, FalconStor Software ( FALC), down 12.4%, InterDigital ( IDCC), down 12.1% and Alvarion ( ALVR), down 10.2% , were all laggards within the technology sector with CA ( CA) 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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