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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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 1.4%. By the end of trading, First Solar fell $1.07 (-2.2%) to $48.15 on light volume. Throughout the day, 3,465,225 shares of First Solar exchanged hands as compared to its average daily volume of 6,569,300 shares. The stock ranged in price between $47.83-$49.90 after having opened the day at $49.64 as compared to the previous trading day's close of $49.22. Other companies within the Technology sector that declined today were: Sungame ( SGMZ), down 20.5%, Iridium Communications ( IRDM), down 18.6%, Deltathree ( DDDC), down 15.5% and Cbeyond ( CBEY), down 14.4%.

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 $4.7 billion and is part of the electronics industry. Shares are up 57.1% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate First Solar a buy, 3 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, Kingtone Wirelessinfo Solution ( KONE), up 49.8%, SatCon Technology Corporation ( SATC), up 44.4%, LiveDeal ( LIVE), up 24.8% and Yelp ( YELP), up 23.2% , were all gainers within the technology sector with Facebook Inc Class A ( FB) 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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