SolarCity Corp (SCTY): Today's Featured Electronics Laggard

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SolarCity ( SCTY) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day up 0.6%. By the end of trading, SolarCity fell $2.87 (-3.9%) to $70.03 on average volume. Throughout the day, 3,418,828 shares of SolarCity exchanged hands as compared to its average daily volume of 4,355,500 shares. The stock ranged in price between $69.97-$74.00 after having opened the day at $73.75 as compared to the previous trading day's close of $72.90. Other companies within the Electronics industry that declined today were: Sevcon ( SEV), down 11.8%, OmniVision Technologies ( OVTI), down 8.1%, Canadian Solar ( CSIQ), down 7.5% and GT Advanced Technologies ( GTAT), down 7.3%.

SolarCity Corporation engages in the design, installation, and sale or lease of solar energy systems to residential and commercial customers, and government entities in the United States. SolarCity has a market cap of $5.9 billion and is part of the technology sector. Shares are up 28.3% year to date as of the close of trading on Monday. Currently there are 3 analysts that rate SolarCity a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates SolarCity as a sell. Among the areas we feel are negative, one of the most important has been very high debt management risk by most measures.

On the positive front, China BAK Battery ( CBAK), up 15.4%, Triquint Semiconductor ( TQNT), up 11.4%, InvenSense ( INVN), up 10.8% and Entropic Communications ( ENTR), up 5.6% , were all gainers within the electronics industry with Texas Instruments ( TXN) being today's featured electronics industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the electronics industry could consider iShares Dow Jones US Technology ( IYW) while those bearish on the electronics industry could consider ProShares Ultra Short Semiconductor ( SSG).

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