3 Stocks Dragging In The Electronics Industry

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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 29 points (-0.2%) at 16,367 as of Wednesday, March 5, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,229 issues advancing vs. 1,681 declining with 174 unchanged.

The Electronics industry currently sits up 0.6% versus the S&P 500, which is unchanged. A company within the industry that increased today was ABB ( ABB), up 0.9%.

TheStreet would like to highlight 3 stocks pushing the industry lower today:

3. Canadian Solar ( CSIQ) is one of the companies pushing the Electronics industry lower today. As of noon trading, Canadian Solar is down $4.35 (-10.0%) to $39.32 on heavy volume. Thus far, 7.2 million shares of Canadian Solar exchanged hands as compared to its average daily volume of 4.1 million shares. The stock has ranged in price between $39.28-$42.50 after having opened the day at $41.28 as compared to the previous trading day's close of $43.67.

Canadian Solar Inc., together with its subsidiaries, engages in the design, development, manufacture, and sale of solar power products worldwide. The company offers solar wafers, cells, and solar module products that convert sunlight into electricity for various uses. Canadian Solar has a market cap of $2.0 billion and is part of the technology sector. Shares are up 35.2% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Canadian Solar a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Canadian Solar as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins. Get the full Canadian Solar Ratings Report now.

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

2. As of noon trading, SolarCity ( SCTY) is down $2.47 (-3.0%) to $80.17 on average volume. Thus far, 2.1 million shares of SolarCity exchanged hands as compared to its average daily volume of 4.5 million shares. The stock has ranged in price between $79.90-$83.60 after having opened the day at $82.98 as compared to the previous trading day's close of $82.64.

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 $7.6 billion and is part of the technology sector. Shares are up 46.5% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts that rate SolarCity a buy, no analysts rate it a sell, and 5 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. Get the full SolarCity Ratings Report now.

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

1. As of noon trading, Micron Technology ( MU) is down $0.25 (-1.0%) to $24.86 on light volume. Thus far, 11.4 million shares of Micron Technology exchanged hands as compared to its average daily volume of 36.0 million shares. The stock has ranged in price between $24.70-$25.13 after having opened the day at $25.08 as compared to the previous trading day's close of $25.11.

Micron Technology, Inc., together with its subsidiaries, manufactures and markets semiconductor solutions worldwide. Micron Technology has a market cap of $26.0 billion and is part of the technology sector. Shares are up 12.6% year-to-date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Micron Technology a buy, 3 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Micron Technology as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Micron Technology Ratings Report now.

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

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 ( IYW) while those bearish on the electronics industry could consider ProShares Ultra Short Semiconductor ( SSG).

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