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3 Electronics Stocks Dragging The Industry Down

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 lower today with the Dow Jones Industrial Average ( ^DJI) trading down 12 points (-0.1%) at 16,435 as of Friday, May 16, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,512 issues advancing vs. 1,401 declining with 184 unchanged.

The Electronics industry currently sits down 0.4% versus the S&P 500, which is unchanged. On the negative front, top decliners within the industry include SolarCity ( SCTY), down 2.9%, and Eaton ( ETN), down 0.5%. Top gainers within the industry include Lam Research ( LRCX), up 4.1%, Agilent Technologies ( A), up 1.0%, Micron Technology ( MU), up 0.9% and Taiwan Semiconductor Manufacturing ( TSM), up 0.5%.

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

3. Canadian Solar ( CSIQ) is one of the companies pushing the Electronics industry lower today. As of noon trading, Canadian Solar is down $2.16 (-8.5%) to $23.16 on heavy volume. Thus far, 5.7 million shares of Canadian Solar exchanged hands as compared to its average daily volume of 4.2 million shares. The stock has ranged in price between $22.68-$23.75 after having opened the day at $23.01 as compared to the previous trading day's close of $25.32.

Canadian Solar Inc., together with its subsidiaries, designs, develops, manufactures, and sells solar wafers, cells, and solar module products worldwide. The company operates in two segments, Module and Project. Canadian Solar has a market cap of $1.5 billion and is part of the technology sector. Shares are down 15.1% year-to-date as of the close of trading on Thursday. Currently there are 4 analysts that rate Canadian Solar a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Canadian Solar as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins. Get the full Canadian Solar 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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