First Solar Stock Hits New 52-Week Low (FSLR)

NEW YORK ( TheStreet) -- First Solar (Nasdaq: FSLR) hit a new 52-week low Monday as it is currently trading at $29.84, below its previous 52-week low of $29.87 with 493,813 shares traded as of 9:40 a.m. ET. Average volume has been four million shares over the past 30 days.

First Solar has a market cap of $3.29 billion and is part of the technology sector and electronics industry. Shares are down 11.1% year to date as of the close of trading on Friday.

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.

TheStreet Ratings rates First Solar as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full First Solar Ratings Report.

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