SunEdison Inc (SUNE): Today's Featured Electronics Laggard

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 Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day down 0.2%. By the end of trading, SunEdison fell $0.70 (-3.7%) to $18.36 on average volume. Throughout the day, 13,672,598 shares of SunEdison exchanged hands as compared to its average daily volume of 11,630,500 shares. The stock ranged in price between $18.18-$19.30 after having opened the day at $19.15 as compared to the previous trading day's close of $19.06. Other companies within the Electronics industry that declined today were: Intermolecular ( IMI), down 31.2%, Altair Nanotechnologies ( ALTI), down 11.2%, Control4 ( CTRL), down 10.8% and Data I/O Corporation ( DAIO), down 8.8%.

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 $4.9 billion and is part of the technology sector. Shares are up 46.0% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate SunEdison a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates SunEdison as a hold. Among the primary strengths of the company is its solid stock price performance. At the same time, however, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity.

On the positive front, Applied Optoelectronics ( AAOI), up 23.2%, China BAK Battery ( CBAK), up 22.9%, Maxwell Technologies ( MXWL), up 15.3% and Plug Power ( PLUG), up 6.9% , were all gainers within the electronics industry with Agilent Technologies ( A) 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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