SolarCity Corp (SCTY): 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.

SolarCity ( SCTY) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 1.3%. By the end of trading, SolarCity rose $5.95 (8.0%) to $79.95 on average volume. Throughout the day, 5,769,262 shares of SolarCity exchanged hands as compared to its average daily volume of 4,242,300 shares. The stock ranged in a price between $75.00-$79.99 after having opened the day at $75.41 as compared to the previous trading day's close of $74.00. Other companies within the Technology sector that increased today were: NCI ( NCIT), up 25.6%, ChinaNet Online Holdings ( CNET), up 25.0%, Vasco Data Security International ( VDSI), up 24.4% and eOn Communications Corporation ( EONC), up 17.6%.

2/17/2011 announced acq of groSolar designs, distributes, and installs solar electric and solar hot water systems for residential and commercial buildings. It also offers solar hot air, solar pool heating, photovoltaic systems, racking and mounting systems, and inverters. SolarCity has a market cap of $6.2 billion and is part of the electronics industry. Shares are up 30.2% year to date as of the close of trading on Friday. 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 negative front, Semiconductor Manufacturing International C ( SMI), down 19.2%, Cray ( CRAY), down 13.6%, TigerLogic Corporation ( TIGR), down 10.3% and LiveDeal ( LIVE), down 10.0% , were all laggards within the technology sector with Telefonica Brasil S.A ( VIV) 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).

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