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NEW YORK ( TheStreet) -- First Solar (Nasdaq: FSLR) hit a new 52-week low Wednesday as it is currently trading at $51.14, below its previous 52-week low of $52.32 with 2.9 million shares traded as of 3:30 p.m. ET. Average volume has been 2.8 million shares over the past 30 days. First Solar has a market cap of $4.6 billion and is part of the technology sector and electronics industry. Shares are down 59.3% year to date as of the close of trading on Tuesday. 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 9.6, above the average electronics industry P/E ratio of nine and below the S&P 500 P/E ratio of 17.7.