SPWR, SUNE And MU, 3 Electronics Stocks Pushing The Industry Lower
One out of the three major indices are trading lower today with the
Dow Jones Industrial Average
(
^DJI
) trading up 71 points (0.4%) at 17,316 as of Monday, Nov. 16, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,543 issues advancing vs. 1,341 declining with 209 unchanged.
The Electronics industry currently sits down 0.3% versus the S&P 500, which is up 0.2%. Top gainers within the industry include
(
), up 7.8%,
(
), up 4.9%,
(
), up 4.2%,
Semiconductor Manufacturing International C
(
), up 2.9% and
(
), up 1.5%.
TheStreet would like to highlight 3 stocks pushing the industry lower today:
3.
(
) is one of the companies pushing the Electronics industry lower today. As of noon trading, SunPower is down $0.54 (-2.3%) to $22.82 on average volume. Thus far, 569,614 shares of SunPower exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $22.76-$23.97 after having opened the day at $23.20 as compared to the previous trading day's close of $23.36.
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SunPower Corporation designs, manufactures, and delivers solar systems to residential, commercial, and utility-scale power plant customers worldwide. The company offers solar power components, including panels, balance of system components, and inverters. SunPower has a market cap of $3.4 billion and is part of the technology sector. Shares are down 9.6% year-to-date as of the close of trading on Friday. Currently there are 10 analysts that rate SunPower a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
SunPower
as a
. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. Get the full
now.
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2. As of noon trading,
(
) is down $0.35 (-7.2%) to $4.58 on average volume. Thus far, 18.0 million shares of SunEdison exchanged hands as compared to its average daily volume of 36.7 million shares. The stock has ranged in price between $4.51-$5.17 after having opened the day at $4.95 as compared to the previous trading day's close of $4.93.
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SunEdison, Inc. develops, manufactures, and sells silicon wafers to the semiconductor industry. The company operates through three segments: Solar Energy, TerraForm Power, and Semiconductor Materials. SunEdison has a market cap of $1.4 billion and is part of the technology sector. Shares are down 74.7% year-to-date as of the close of trading on Friday. Currently there are 10 analysts that rate SunEdison a buy, no analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
SunEdison
as a
. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. Get the full
now.
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1. As of noon trading,
(
) is down $0.23 (-1.5%) to $14.77 on light volume. Thus far, 8.4 million shares of Micron Technology exchanged hands as compared to its average daily volume of 29.7 million shares. The stock has ranged in price between $14.73-$15.20 after having opened the day at $14.95 as compared to the previous trading day's close of $15.00.
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Micron Technology, Inc. provides semiconductor systems worldwide. It operates in four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit. Micron Technology has a market cap of $16.7 billion and is part of the technology sector. Shares are down 57.2% year-to-date as of the close of trading on Friday. Currently there are 16 analysts that rate Micron Technology a buy, 1 analyst rates it a sell, and 9 rate it a hold.
TheStreet Ratings rates
Micron Technology
as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and weak operating cash flow. Get the full
Micron Technology Ratings Report
now.
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If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the electronics industry could consider
iShares Dow Jones US Technology
(
) while those bearish on the electronics industry could consider
ProShares Ultra Short Semiconductor
(
).