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 Electronics industry higher today making it today's featured electronics winner. The industry as a whole closed the day up 1.1%. By the end of trading, First Solar rose $1.77 (3.6%) to $51.47 on light volume. Throughout the day, 2,896,816 shares of First Solar exchanged hands as compared to its average daily volume of 4,090,400 shares. The stock ranged in a price between $49.79-$52.13 after having opened the day at $50.46 as compared to the previous trading day's close of $49.70. Other companies within the Electronics industry that increased today were: Fluidigm Corporation ( FLDM), up 11.6%, Cavium ( CAVM), up 8.9%, M/A-COM Technology Solutions Holdings ( MTSI), up 8.2% and O2Micro International ( OIIM), up 8.0%.
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 $5.0 billion and is part of the technology sector. The company has a P/E ratio of 10.4, below the S&P 500 P/E ratio of 17.7. Shares are down 9.0% year to date as of the close of trading on Wednesday. Currently there are 2 analysts that rate First Solar a buy, 2 analysts rate it a sell, and 8 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.