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

SunEdison ( SUNE) pushed the Electronics industry higher today making it today's featured electronics winner. The industry as a whole closed the day down 0.3%. By the end of trading, SunEdison rose $1.09 (5.7%) to $20.32 on average volume. Throughout the day, 15,799,963 shares of SunEdison exchanged hands as compared to its average daily volume of 13,608,200 shares. The stock ranged in a price between $19.25-$20.73 after having opened the day at $19.38 as compared to the previous trading day's close of $19.23. Other companies within the Electronics industry that increased today were: MaxLinear ( MXL), up 19.8%, Faro Technologies ( FARO), up 9.2%, O2Micro International ( OIIM), up 8.1% and DSP Group ( DSPG), up 7.7%.

SunEdison, Inc. develops, manufactures, and sells silicon wafers to the semiconductor industry. The company operates through two segments, Solar Energy and Semiconductor Materials. SunEdison has a market cap of $5.2 billion and is part of the technology sector. Shares are up 48.0% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate SunEdison a buy, no analysts rate it a sell, and 1 rates 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 negative front, Quicklogic ( QUIK), down 20.3%, Oplink Communications ( OPLK), down 12.4%, Anadigics ( ANAD), down 9.6% and CEVA ( CEVA), down 8.9% , were all laggards within the electronics industry with KLA-Tencor ( KLAC) being today's electronics industry laggard.

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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