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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.