First Solar Stock Gaps Down On Today's Open (FSLR)
Shares of First Solar (Nasdaq:FSLR) were gapping down Wednesday morning with an open price 12.4% lower than Tuesday's closing price. The stock closed at $42.57 yesterday and opened today's trading at $37.30.
NEW YORK ( TheStreet) -- Shares of First Solar (Nasdaq: FSLR) were gapping down Wednesday morning with an open price 12.4% lower than Tuesday's closing price. The stock closed at $42.57 Tuesday and opened today's trading at $37.30. The average volume for First Solar has been 4.1 million shares per day over the past 30 days. First Solar has a market cap of $3.83 billion and is part of the technology sector and electronics industry. Shares are down 64.9% 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 7.3, 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 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. Get more investment ideas from our investment research center. Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.