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 188 points (1.1%) at 17,006 as of Tuesday, Oct. 28, 2014, 4:20 PM ET. The NYSE advances/declines ratio sits at 2,601 issues advancing vs. 503 declining with 115 unchanged.

The Utilities sector as a whole closed the day up 1.6% versus the S&P 500, which was up 1.2%. Top gainers within the Utilities sector included American DG Energy ( ADGE), up 2.1%, Ocean Power Technologies ( OPTT), up 2.9%, Pure Cycle ( PCYO), up 1.8%, GreenHunter Resources ( GRH), up 1.8% and York Water ( YORW), up 3.1%.

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

GreenHunter Resources ( GRH) is one of the companies that pushed the Utilities sector higher today. GreenHunter Resources was up $0.02 (1.8%) to $1.14 on light volume. Throughout the day, 55,964 shares of GreenHunter Resources exchanged hands as compared to its average daily volume of 360,000 shares. The stock ranged in a price between $1.10-$1.15 after having opened the day at $1.10 as compared to the previous trading day's close of $1.12.

GreenHunter Resources has a market cap of $43.3 million and is part of the utilities industry. Shares are up 5.2% year-to-date as of the close of trading on Monday.

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At the close, Pure Cycle ( PCYO) was up $0.11 (1.8%) to $6.10 on average volume. Throughout the day, 31,662 shares of Pure Cycle exchanged hands as compared to its average daily volume of 39,500 shares. The stock ranged in a price between $6.02-$6.11 after having opened the day at $6.02 as compared to the previous trading day's close of $5.99.

Pure Cycle Corporation designs, constructs, operates, and maintains water and wastewater systems in the Denver metropolitan area. Pure Cycle has a market cap of $146.6 million and is part of the utilities industry. Shares are down 3.6% year-to-date as of the close of trading on Monday. Currently there is 1 analyst who rates Pure Cycle a buy, no analysts rate it a sell, and none rate it a hold.

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TheStreet Ratings rates Pure Cycle as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year.

Highlights from TheStreet Ratings analysis on PCYO go as follows:

  • PCYO's very impressive revenue growth greatly exceeded the industry average of 7.6%. Since the same quarter one year prior, revenues leaped by 64.4%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • PCYO's debt-to-equity ratio is very low at 0.05 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Along with this, the company maintains a quick ratio of 3.48, which clearly demonstrates the ability to cover short-term cash needs.
  • The gross profit margin for PURE CYCLE CORP is currently very high, coming in at 79.82%. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of -56.25% is in-line with the industry average.
  • The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Water Utilities industry and the overall market, PURE CYCLE CORP's return on equity significantly trails that of both the industry average and the S&P 500.
  • PCYO has underperformed the S&P 500 Index, declining 9.26% from its price level of one year ago. The fact that the stock is now selling for less than others in its industry in relation to its current earnings is not reason enough to justify a buy rating at this time.

You can view the full analysis from the report here: Pure Cycle Ratings Report

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Ocean Power Technologies ( OPTT) was another company that pushed the Utilities sector higher today. Ocean Power Technologies was up $0.03 (2.9%) to $1.05 on light volume. Throughout the day, 33,219 shares of Ocean Power Technologies exchanged hands as compared to its average daily volume of 225,800 shares. The stock ranged in a price between $1.02-$1.05 after having opened the day at $1.04 as compared to the previous trading day's close of $1.02.

Ocean Power Technologies, Inc. develops and commercializes proprietary systems that generate electricity by harnessing the renewable energy of ocean waves primarily in the United States, Europe, Asia, and Australia. Ocean Power Technologies has a market cap of $17.2 million and is part of the utilities industry. Shares are down 49.0% year-to-date as of the close of trading on Monday. Currently there are no analysts who rate Ocean Power Technologies a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Ocean Power Technologies as a sell. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself and weak operating cash flow.

Highlights from TheStreet Ratings analysis on OPTT go as follows:

  • OPTT's stock share price has done very poorly compared to where it was a year ago: Despite any rallies, the net result is that it is down by 38.19%, which is also worse that the performance of the S&P 500 Index. Investors have so far failed to pay much attention to the earnings improvements the company has managed to achieve over the last quarter. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now.
  • Net operating cash flow has declined marginally to -$3.17 million or 2.92% when compared to the same quarter last year. Despite a decrease in cash flow of 2.92%, OCEAN POWER TECHNOLOGIES INC is in line with the industry average cash flow growth rate of -5.90%.
  • The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Electrical Equipment industry and the overall market, OCEAN POWER TECHNOLOGIES INC's return on equity significantly trails that of both the industry average and the S&P 500.
  • OPTT's debt-to-equity ratio is very low at 0.01 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Along with this, the company maintains a quick ratio of 3.28, which clearly demonstrates the ability to cover short-term cash needs.
  • OCEAN POWER TECHNOLOGIES INC has improved earnings per share by 47.2% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. This trend suggests that the performance of the business is improving. During the past fiscal year, OCEAN POWER TECHNOLOGIES INC continued to lose money by earning -$0.94 versus -$1.42 in the prior year. This year, the market expects an improvement in earnings (-$0.76 versus -$0.94).

You can view the full analysis from the report here: Ocean Power Technologies 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.