NEW YORK (

TheStreet

) --

First Solar

(Nasdaq:

FSLR

) hit a new 52-week low Tuesday as it is currently trading at $42.21, below its previous 52-week low of $42.50 with 531,916 shares traded as of 10:20 a.m. ET. Average volume has been 3.8 million shares over the past 30 days.

First Solar has a market cap of $3.93 billion and is part of the

technology

sector and

electronics

industry. Shares are down 66.6% year to date as of the close of trading on Monday.

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 7.5, 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 revenue growth, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full

First Solar Ratings Report

.

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