First Solar Rises On Unusually High Volume (FSLR)

NEW YORK ( TheStreet) -- First Solar (Nasdaq: FSLR) is trading at unusually high volume Wednesday with 12.2 million shares changing hands. It is currently at four times its average daily volume and trading up $2.48 (+5.7%) at $45.75 as of 3:30 p.m. ET.

First Solar has a market cap of $5 billion and is part of the technology sector and electronics industry. Shares are down 55.5% 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 9.9, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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, reasonable valuation levels 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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