First Solar Reaches New 52-Week High (FSLR)

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) -- First Solar (Nasdaq: FSLR) hit a new 52-week high Wednesday as it is currently trading at $42.28, above its previous 52-week high of $41 with 670,158 shares traded as of 9:36 a.m. ET. Average volume has been 6.5 million shares over the past 30 days.

First Solar has a market cap of $3.4 billion and is part of the technology sector and electronics industry. Shares are up 25.6% year to date as of the close of trading on Tuesday.

First Solar, Inc. provides solar energy solutions. It operates in two segments, Components and Systems. The Components segment engages in the design, manufacture, and sale of solar modules that convert sunlight into electricity.

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

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