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 traded up today with the Dow Jones Industrial Average ( ^DJI) trading up 22 points (0.1%) at 16,756 as of Friday, June 13, 2014, 3:55 PM ET. The NYSE advances/declines ratio sits at 1,626 issues advancing vs. 1,329 declining with 172 unchanged.

The Industrial industry as a whole closed the day up 0.3% versus the S&P 500, which was up 0.2%. Top gainers within the Industrial industry included Bonso Electronics International ( BNSO), up 5.8%, Euro Tech Holdings ( CLWT), up 3.2%, Ultralife Batteries ( ULBI), up 3.2%, GreenHunter Resources ( GRH), up 18.5% and NF Energy Saving ( NFEC), up 6.4%.

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

NF Energy Saving ( NFEC) is one of the companies that pushed the Industrial industry higher today. NF Energy Saving was up $0.13 (6.4%) to $2.09 on heavy volume. Throughout the day, 339,054 shares of NF Energy Saving exchanged hands as compared to its average daily volume of 143,100 shares. The stock ranged in a price between $2.00-$2.35 after having opened the day at $2.16 as compared to the previous trading day's close of $1.96.

NF Energy Saving Corporation, through its subsidiaries, engages in the production of heavy industrial components and products in the People's Republic of China. It operates through two segments, Heavy Manufacturing Business and Energy-saving Related Business. NF Energy Saving has a market cap of $10.1 million and is part of the industrial goods sector. Shares are up 23.3% year-to-date as of the close of trading on Thursday. Currently there are no analysts who rate NF Energy Saving a buy, no analysts rate it a sell, and none rate it a hold.

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TheStreet Ratings rates NF Energy Saving as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income and disappointing return on equity.

Highlights from TheStreet Ratings analysis on NFEC go as follows:

  • NF ENERGY SAVING CORP's earnings have gone downhill when comparing its most recently reported quarter with the same quarter a year earlier. The company has reported a trend of declining earnings per share over the past two years. During the past fiscal year, NF ENERGY SAVING CORP swung to a loss, reporting -$0.03 versus $0.01 in the prior year.
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Machinery industry. The net income has significantly decreased by 1200.0% when compared to the same quarter one year ago, falling from $0.01 million to -$0.11 million.
  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. Compared to other companies in the Machinery industry and the overall market, NF ENERGY SAVING CORP's return on equity significantly trails that of both the industry average and the S&P 500.
  • 35.28% is the gross profit margin for NF ENERGY SAVING CORP which we consider to be strong. Despite the high profit margin, it has decreased significantly from the same period last year. Despite the mixed results of the gross profit margin, NFEC's net profit margin of -6.28% significantly underperformed when compared to the industry average.
  • NFEC's debt-to-equity ratio is very low at 0.27 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Although the company had a strong debt-to-equity ratio, its quick ratio of 0.80 is somewhat weak and could be cause for future problems.

You can view the full analysis from the report here: NF Energy Saving Ratings Report

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

At the close, GreenHunter Resources ( GRH) was up $0.25 (18.5%) to $1.60 on heavy volume. Throughout the day, 1,365,691 shares of GreenHunter Resources exchanged hands as compared to its average daily volume of 94,900 shares. The stock ranged in a price between $1.34-$1.64 after having opened the day at $1.41 as compared to the previous trading day's close of $1.35.

GreenHunter Resources has a market cap of $47.0 million and is part of the industrial goods sector. Shares are up 16.4% year-to-date as of the close of trading on Thursday.

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

Highlights from TheStreet Ratings analysis on GRH go as follows:

You can view the full analysis from the report here: GreenHunter Resources Ratings Report

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

Ultralife Batteries ( ULBI) was another company that pushed the Industrial industry higher today. Ultralife Batteries was up $0.12 (3.2%) to $3.91 on light volume. Throughout the day, 5,664 shares of Ultralife Batteries exchanged hands as compared to its average daily volume of 19,600 shares. The stock ranged in a price between $3.78-$3.91 after having opened the day at $3.85 as compared to the previous trading day's close of $3.79.

Ultralife Corporation offers power and communications solutions in the United States and internationally. It operates through two segments, Battery & Energy Products and Communications Systems. Ultralife Batteries has a market cap of $67.0 million and is part of the industrial goods sector. Shares are up 6.8% year-to-date as of the close of trading on Thursday. Currently there are no analysts who rate Ultralife Batteries a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Ultralife Batteries as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins.

Highlights from TheStreet Ratings analysis on ULBI go as follows:

  • ULBI has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign. Along with this, the company maintains a quick ratio of 2.60, which clearly demonstrates the ability to cover short-term cash needs.
  • Net operating cash flow has significantly increased by 485.73% to $2.70 million when compared to the same quarter last year. In addition, ULTRALIFE CORP has also vastly surpassed the industry average cash flow growth rate of -5.90%.
  • Compared to where it was 12 months ago, the stock is up, but it has so far lagged the appreciation in the S&P 500. Looking ahead, our view is that this company's fundamentals will not have much impact in either direction, allowing the stock to generally move up or down based on the push and pull of the broad market.
  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. Compared to other companies in the Electrical Equipment industry and the overall market, ULTRALIFE CORP's return on equity significantly trails that of both the industry average and the S&P 500.
  • The gross profit margin for ULTRALIFE CORP is currently lower than what is desirable, coming in at 32.72%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of -8.41% is significantly below that of the industry average.

You can view the full analysis from the report here: Ultralife Batteries Ratings Report

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

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.