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3 Electronics Stocks Pushing Industry Growth

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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 66 points (-0.4%) at 16,378 as of Thursday, Aug. 7, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,344 issues advancing vs. 1,660 declining with 123 unchanged.

The Electronics industry currently sits down 0.4% versus the S&P 500, which is down 0.5%. Top gainers within the industry include Siliconware Precision Industries ( SPIL), up 2.2%, and Trimble Navigation ( TRMB), up 1.4%. On the negative front, top decliners within the industry include Semiconductor Manufacturing International C ( SMI), down 5.7%, NXP Semiconductors ( NXPI), down 2.9%, Applied Materials ( AMAT), down 2.0%, Lam Research ( LRCX), down 1.9% and Analog Devices ( ADI), down 1.4%.

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

3. First Solar ( FSLR) is one of the companies pushing the Electronics industry higher today. As of noon trading, First Solar is up $2.37 (3.6%) to $67.97 on heavy volume. Thus far, 3.1 million shares of First Solar exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $65.72-$68.21 after having opened the day at $66.34 as compared to the previous trading day's close of $65.60.

First Solar, Inc. provides solar energy solutions worldwide. The company operates through two segments, Components and Systems. First Solar has a market cap of $6.4 billion and is part of the technology sector. Shares are up 20.1% year-to-date as of the close of trading on Wednesday. Currently there are 5 analysts who rate First Solar a buy, 2 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates First Solar as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and feeble growth in the company's earnings per share. Get the full First Solar Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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