3 Stocks Driving 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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 21 points (0.1%) at 16,839 as of Wednesday, June 25, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,709 issues advancing vs. 1,282 declining with 166 unchanged.

The Electronics industry currently sits down 0.1% versus the S&P 500, which is up 0.2%. Top gainers within the industry include Broadcom ( BRCM), up 1.6%, Taiwan Semiconductor Manufacturing ( TSM), up 0.9% and Intel ( INTC), up 0.9%. On the negative front, top decliners within the industry include Micron Technology ( MU), down 1.2%, Kyocera ( KYO), down 1.0% and Eaton ( ETN), down 0.7%.

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

3. SunPower ( SPWR) is one of the companies pushing the Electronics industry higher today. As of noon trading, SunPower is up $1.00 (2.5%) to $40.16 on average volume. Thus far, 1.6 million shares of SunPower exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $39.15-$40.60 after having opened the day at $39.29 as compared to the previous trading day's close of $39.16.

SunPower Corporation, an energy services company, designs, manufactures, and delivers solar systems to residential, commercial, and utility customers. It operates in three segments: the Americas, the EMEA, and the APAC. SunPower has a market cap of $5.3 billion and is part of the technology sector. Shares are up 31.4% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts who rate SunPower a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates SunPower as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full SunPower Ratings Report now.

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2. As of noon trading, Corning ( GLW) is up $0.16 (0.8%) to $21.96 on average volume. Thus far, 4.1 million shares of Corning exchanged hands as compared to its average daily volume of 10.0 million shares. The stock has ranged in price between $21.80-$22.02 after having opened the day at $21.84 as compared to the previous trading day's close of $21.80.

Corning Incorporated manufactures and sells specialty glasses, ceramics, and related materials worldwide. The company operates through five segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, and Life Sciences. Corning has a market cap of $28.6 billion and is part of the technology sector. Shares are up 22.3% year-to-date as of the close of trading on Tuesday. Currently there are 6 analysts who rate Corning a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Corning as a buy. 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, solid stock price performance, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Corning Ratings Report now.

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1. As of noon trading, SolarCity ( SCTY) is up $1.60 (2.4%) to $69.64 on average volume. Thus far, 3.4 million shares of SolarCity exchanged hands as compared to its average daily volume of 5.6 million shares. The stock has ranged in price between $67.20-$69.85 after having opened the day at $67.90 as compared to the previous trading day's close of $68.04.

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 $6.4 billion and is part of the technology sector. Shares are up 19.8% year-to-date as of the close of trading on Tuesday. 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.

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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