3 Stocks Pushing The Electronics Industry Higher

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 17 points (-0.1%) at 16,759 as of Monday, June 16, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,419 issues advancing vs. 1,541 declining with 179 unchanged.

The Electronics industry currently sits up 0.3% versus the S&P 500, which is unchanged. Top gainers within the industry include SunPower ( SPWR), up 6.7%, Advanced Micro Devices ( AMD), up 3.5%, Kyocera ( KYO), up 1.5%, ASML ( ASML), up 1.0% and Altera ( ALTR), up 0.9%. On the negative front, top decliners within the industry include CGG ( CGG), down 3.6%, United Microelectronics ( UMC), down 1.2% and LG Display ( LPL), down 0.9%.

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

3. SunEdison ( SUNE) is one of the companies pushing the Electronics industry higher today. As of noon trading, SunEdison is up $1.70 (8.8%) to $21.09 on heavy volume. Thus far, 10.7 million shares of SunEdison exchanged hands as compared to its average daily volume of 12.8 million shares. The stock has ranged in price between $20.00-$21.10 after having opened the day at $20.00 as compared to the previous trading day's close of $19.39.

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 48.6% year-to-date as of the close of trading on Friday. Currently there are 7 analysts who rate SunEdison a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates SunEdison as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, poor profit margins, weak operating cash flow and feeble growth in its earnings per share. Get the full SunEdison Ratings Report now.

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2. As of noon trading, First Solar ( FSLR) is up $2.31 (3.6%) to $66.78 on average volume. Thus far, 2.6 million shares of First Solar exchanged hands as compared to its average daily volume of 4.6 million shares. The stock has ranged in price between $64.50-$66.99 after having opened the day at $64.61 as compared to the previous trading day's close of $64.47.

First Solar, Inc. provides solar energy solutions worldwide. The company operates through two segments, Components and Systems. First Solar has a market cap of $6.4 billion and is part of the technology sector. Shares are up 18.0% year-to-date as of the close of trading on Friday. Currently there are 5 analysts who rate First Solar a buy, 2 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates First Solar as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and poor profit margins. Get the full First Solar Ratings Report now.

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1. As of noon trading, Micron Technology ( MU) is up $0.52 (1.7%) to $31.69 on heavy volume. Thus far, 23.9 million shares of Micron Technology exchanged hands as compared to its average daily volume of 28.8 million shares. The stock has ranged in price between $31.28-$32.19 after having opened the day at $31.43 as compared to the previous trading day's close of $31.17.

Micron Technology, Inc., together with its subsidiaries, manufactures and markets semiconductor solutions worldwide. Micron Technology has a market cap of $33.2 billion and is part of the technology sector. Shares are up 43.3% year-to-date as of the close of trading on Friday. Currently there are 13 analysts who rate Micron Technology a buy, 2 analysts rate it a sell, and 5 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.

3x UPSIDE POTENTIAL: 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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