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

NEW YORK ( TheStreet) -- First Solar (Nasdaq: FSLR) hit a new 52-week low Wednesday as it is currently trading at $17.76, below its previous 52-week low of $17.81 with 1.6 million shares traded as of 10:50 a.m. ET. Average volume has been 6.5 million shares over the past 30 days.

First Solar has a market cap of $1.6 billion and is part of the technology sector and electronics industry. Shares are down 45.4% year to date as of the close of trading on Tuesday.

First Solar, Inc. engages in the design, manufacture, and sale of solar modules using a thin-film semiconductor technology in the United States and internationally. The company is also involved in the design, construction, and sale of photovoltaic solar power systems.

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 expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full First Solar Ratings Report.

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