SunEdison Inc (SUNE): Today's Featured Technology Winner

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.

SunEdison ( SUNE) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day down 0.7%. By the end of trading, SunEdison rose $0.15 (1.8%) to $8.50 on average volume. Throughout the day, 6,566,897 shares of SunEdison exchanged hands as compared to its average daily volume of 5,985,000 shares. The stock ranged in a price between $8.25-$8.83 after having opened the day at $8.47 as compared to the previous trading day's close of $8.35. Other companies within the Technology sector that increased today were: CSR ( CSRE), up 200.9%, Ascent Solar Technologies ( ASTI), up 22.4%, Zoom Technologies ( ZOOM), up 16.5% and CalAmp Corporation ( CAMP), up 14.2%.

SunEdison, Inc. develops, manufactures, and sells silicon wafers. The company is also involved in developing and selling photovoltaic energy solutions. It operates in two segments, Semiconductor Materials and Solar Energy. SunEdison has a market cap of $1.8 billion and is part of the electronics industry. Shares are unchanged year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate SunEdison a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates SunEdison as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and weak operating cash flow.

On the negative front, Friendfinder Networks ( FFN), down 92.3%, Alteva ( ALTV), down 33.5%, Angie's List ( ANGI), down 17.5% and Maxcom Telecomunicaciones S.A.B. de C.V ( MXT), down 16.6% , were all laggards within the technology sector with Automatic Data Processing ( ADP) being today's technology sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

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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