First Solar Inc. Stock Slips 5.5%, Underperforms Market

Dow Jones11-11

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of First Solar Inc. shed 5.5% to $180.98 on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.4% to 7,520.93 and Dow Jones Industrial Average falling 0.3% to 52,231.89.

This was the stock's second consecutive day of losses.

First Solar Inc. closed 43.6% short of its 52-week high of $320.95, which the company reached on June 3rd.

The stock demonstrated a mixed performance when compared to some of its peers, as SolarEdge Technologies Inc. fell 6.5% to $25.86, Hubbell Inc. fell 0.9% to $437.79, and Sunrun Inc. fell 10.57% to $8.71.

Trading volume totaled 3.8 million, compared to the 50-day average of 2.6 million.

Data source: Dow Jones Market Data, FactSet

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