NEW YORK (

TheStreet

) --

First Solar

(Nasdaq:

FSLR

) hit a new 52-week low Friday as it is currently trading at $92.69, below its previous 52-week low of $92.75 with 960,030 shares traded as of 11:24 a.m. ET. Average volume has been 1.8 million shares over the past 30 days.

First Solar has a market cap of $8.6 billion and is part of the

technology

sector and

electronics

industry. Shares are down 27.2% year to date as of the close of trading on Thursday.

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First Solar, Inc. manufactures and sells solar modules using a thin-film semiconductor technology. It also designs, constructs, and sells photovoltaic solar power systems. The company's solar modules employ a thin layer of semiconductor material to convert sunlight into electricity. The company has a P/E ratio of 16.9, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates First Solar as a

hold

. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full

First Solar Ratings Report

.

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