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3 Stocks Underperforming Today In The Electronics Industry

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Two out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 91 points (0.6%) at 16,492 as of Wednesday, May 7, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,744 issues advancing vs. 1,239 declining with 163 unchanged.

The Electronics industry currently sits down 1.0% versus the S&P 500, which is up 0.3%. On the negative front, top decliners within the industry include Trimble Navigation ( TRMB), down 14.6%, CGG ( CGG), down 10.2%, Cree ( CREE), down 2.9%, Kyocera ( KYO), down 1.6% and Micron Technology ( MU), down 1.2%. Top gainers within the industry include Taiwan Semiconductor Manufacturing ( TSM), up 1.4%, Avago Technologies ( AVGO), up 0.9%, Emerson Electric ( EMR), up 0.9%, ASML ( ASML), up 0.7% and Intel ( INTC), up 0.6%.

TheStreet would like to highlight 3 stocks pushing the industry lower today:

3. SunEdison ( SUNE) is one of the companies pushing the Electronics industry lower today. As of noon trading, SunEdison is down $1.14 (-5.8%) to $18.70 on average volume. Thus far, 9.1 million shares of SunEdison exchanged hands as compared to its average daily volume of 13.5 million shares. The stock has ranged in price between $18.42-$20.15 after having opened the day at $20.10 as compared to the previous trading day's close of $19.84.

SunEdison, Inc. develops, manufactures, and sells silicon wafers to the semiconductor industry. The company operates through two segments, Solar Energy and Semiconductor Materials. SunEdison has a market cap of $5.4 billion and is part of the technology sector. Shares are up 52.0% year-to-date as of the close of trading on Tuesday. Currently there are 7 analysts that rate SunEdison a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates SunEdison as a hold. Among the primary strengths of the company is its solid stock price performance. At the same time, however, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity. Get the full SunEdison Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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