3 Stocks Moving The Electronics Industry Upward

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Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 22 points (0.1%) at 16,444 as of Friday, March 7, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,114 issues advancing vs. 1,815 declining with 163 unchanged.

The Electronics industry currently sits down 0.5% versus the S&P 500, which is down 0.2%. Top gainers within the industry include CGG ( CGG), up 4.5%, Advanced Semiconductor Engineering ( ASX), up 2.7%, Sensata Technologies Holding N.V ( ST), up 1.2%, Eaton Corporation ( ETN), up 1.2% and Ametek ( AME), up 0.9%. On the negative front, top decliners within the industry include Analogic Corporation ( ALOG), down 17.3%, SolarCity ( SCTY), down 3.1%, Siliconware Precision Industries ( SPIL), down 3.1%, ABB ( ABB), down 1.7% and Micron Technology ( MU), down 1.6%.

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

3. Plug Power ( PLUG) is one of the companies pushing the Electronics industry higher today. As of noon trading, Plug Power is up $1.57 (24.6%) to $7.93 on heavy volume. Thus far, 48.0 million shares of Plug Power exchanged hands as compared to its average daily volume of 26.4 million shares. The stock has ranged in price between $6.53-$7.93 after having opened the day at $6.79 as compared to the previous trading day's close of $6.36.

Plug Power Inc., an alternative energy technology provider, engages in the design, development, commercialization, and manufacture of fuel cell systems for the industrial off-road markets worldwide. Plug Power has a market cap of $790.0 million and is part of the technology sector. Shares are up 335.5% year-to-date as of the close of trading on Thursday. Currently there are 2 analysts who rate Plug Power a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Plug Power as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income and disappointing return on equity. Get the full Plug Power Ratings Report now.

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