Electronics Stocks On The Rise With Help From 3 Stocks

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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 77 points (-0.5%) at 16,767 as of Thursday, June 12, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,294 issues advancing vs. 1,659 declining with 161 unchanged.

The Electronics industry currently sits up 0.3% versus the S&P 500, which is down 0.3%. Top gainers within the industry include Rambus ( RMBS), up 7.7%, Mellanox Technologies ( MLNX), up 5.8%, SunPower ( SPWR), up 3.8%, Power Integrations ( POWI), up 3.7% and United Microelectronics ( UMC), up 2.9%. On the negative front, top decliners within the industry include Acuity Brands ( AYI), down 1.8%, Siliconware Precision Industries ( SPIL), down 1.4%, Marvell Technology Group ( MRVL), down 1.4%, Amphenol Corp Class A ( APH), down 0.8% and Advanced Semiconductor Engineering ( ASX), down 0.6%.

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

3. SolarCity ( SCTY) is one of the companies pushing the Electronics industry higher today. As of noon trading, SolarCity is up $1.51 (3.0%) to $51.53 on average volume. Thus far, 2.1 million shares of SolarCity exchanged hands as compared to its average daily volume of 5.1 million shares. The stock has ranged in price between $49.91-$52.45 after having opened the day at $50.66 as compared to the previous trading day's close of $50.02.

SolarCity Corporation designs, installs, and sells or leases solar energy systems to residential and commercial customers, and government entities in the United States. SolarCity has a market cap of $4.5 billion and is part of the technology sector. Shares are down 10.6% year-to-date as of the close of trading on Wednesday. Currently there are 6 analysts who rate SolarCity a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates SolarCity as a sell. The company's weaknesses can be seen in multiple areas, such as its poor profit margins, weak operating cash flow, generally high debt management risk and feeble growth in its earnings per share. Get the full SolarCity Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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