Canadian Solar Inc. (CSIQ): Today's Featured Electronics Laggard

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Canadian Solar ( CSIQ) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day up 0.5%. By the end of trading, Canadian Solar fell $1.50 (-5.2%) to $27.57 on average volume. Throughout the day, 4,774,743 shares of Canadian Solar exchanged hands as compared to its average daily volume of 3,840,600 shares. The stock ranged in price between $27.20-$29.55 after having opened the day at $29.28 as compared to the previous trading day's close of $29.07. Other companies within the Electronics industry that declined today were: ReneSola ( SOL), down 15.6%, Yingli Green Energy Holding Company ( YGE), down 10.8%, Netlist ( NLST), down 8.1% and RF Industries ( RFIL), down 6.8%.

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 $1.4 billion and is part of the technology sector. Shares are up 790.6% year to date as of the close of trading on Thursday. Currently there are 2 analysts that rate Canadian Solar a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Canadian Solar as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins.

On the positive front, Plug Power ( PLUG), up 13.8%, Intevac ( IVAC), up 9.8%, Applied Optoelectronics ( AAOI), up 9.5% and Ixia ( XXIA), up 8.8% , were all gainers within the electronics industry with Texas Instruments ( TXN) being today's featured electronics industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the electronics industry could consider iShares Dow Jones US Technology ( IYW) while those bearish on the electronics industry could consider ProShares Ultra Short Semiconductor ( SSG).

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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