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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