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 14.4% lower than Tuesday's closing price. The stock closed at $31.36 yesterday and opened today's trading at $26.84.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Shares of First Solar (Nasdaq: FSLR) were gapping down Wednesday morning with an open price 14.4% lower than Tuesday's closing price. The stock closed at $31.36 Tuesday and opened today's trading at $26.84.
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The average volume for First Solar has been 4.6 million shares per day over the past 30 days. First Solar has a market cap of $2.85 billion and is part of the technology sector and electronics industry. Shares are up 6.1% 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 sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. You can view the full First Solar Ratings Report. Get more investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.