3 Electronics Stocks Pushing Industry Growth

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 66 points (-0.4%) at 16,378 as of Thursday, Aug. 7, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,344 issues advancing vs. 1,660 declining with 123 unchanged.

The Electronics industry currently sits down 0.4% versus the S&P 500, which is down 0.5%. Top gainers within the industry include Siliconware Precision Industries ( SPIL), up 2.2%, and Trimble Navigation ( TRMB), up 1.4%. On the negative front, top decliners within the industry include Semiconductor Manufacturing International C ( SMI), down 5.7%, NXP Semiconductors ( NXPI), down 2.9%, Applied Materials ( AMAT), down 2.0%, Lam Research ( LRCX), down 1.9% and Analog Devices ( ADI), down 1.4%.

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

3. First Solar ( FSLR) is one of the companies pushing the Electronics industry higher today. As of noon trading, First Solar is up $2.37 (3.6%) to $67.97 on heavy volume. Thus far, 3.1 million shares of First Solar exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $65.72-$68.21 after having opened the day at $66.34 as compared to the previous trading day's close of $65.60.

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 20.1% year-to-date as of the close of trading on Wednesday. Currently there are 5 analysts who rate First Solar a buy, 2 analysts rate it a sell, and 6 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 solid stock price performance, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and feeble growth in the company's earnings per share. Get the full First Solar 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.

2. As of noon trading, SunEdison ( SUNE) is up $2.38 (12.3%) to $21.70 on heavy volume. Thus far, 21.5 million shares of SunEdison exchanged hands as compared to its average daily volume of 12.7 million shares. The stock has ranged in price between $20.90-$22.46 after having opened the day at $21.00 as compared to the previous trading day's close of $19.32.

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 48.0% year-to-date as of the close of trading on Wednesday. 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.

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

1. As of noon trading, SolarCity ( SCTY) is up $2.35 (3.2%) to $75.21 on heavy volume. Thus far, 4.0 million shares of SolarCity exchanged hands as compared to its average daily volume of 5.0 million shares. The stock has ranged in price between $73.52-$76.80 after having opened the day at $73.56 as compared to the previous trading day's close of $72.86.

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 $6.6 billion and is part of the technology sector. Shares are up 28.2% 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.

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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