Canadian Solar Inc. (CSIQ): Today's Featured Technology Winner

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.

Canadian Solar ( CSIQ) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day down 1.1%. By the end of trading, Canadian Solar rose $0.42 (3.5%) to $12.51 on average volume. Throughout the day, 2,851,420 shares of Canadian Solar exchanged hands as compared to its average daily volume of 3,332,400 shares. The stock ranged in a price between $12.17-$12.78 after having opened the day at $12.35 as compared to the previous trading day's close of $12.09. Other companies within the Technology sector that increased today were: Splunk ( SPLK), up 12.9%, Salesforce.com ( CRM), up 12.6%, Astro-Med ( ALOT), up 9.6% and ReneSola ( SOL), up 8.4%.

Canadian Solar Inc., together with its subsidiaries, engages in the design, development, manufacture, and sale of solar power products worldwide. The company offers solar wafers, cells, and solar module products that convert sunlight into electricity for various uses. Canadian Solar has a market cap of $568.0 million and is part of the electronics industry. Shares are up 262.4% year to date as of the close of trading on Thursday. Currently there is 1 analyst that rates Canadian Solar a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Canadian Solar as a sell. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, disappointing return on equity and poor profit margins.

On the negative front, China Mobile Games and Entertainment Group ( CMGE), down 22.5%, OmniVision Technologies ( OVTI), down 16.1%, Control4 ( CTRL), down 14.8% and Nexxus Lighting ( NEXS), down 11.6% , were all laggards within the technology sector with Baidu ( BIDU) 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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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