Best Energy Stocks To Follow Today - August 8th

Key Points

• Tesla stock reached $329.87 with a market cap of $1.06 trillion, highlighting its significant trading volume, despite market fluctuations.
• Broadcom traded at $303.18 with a market cap of $1.43 trillion, showcasing its position in semiconductor devices despite a recent drop in trading price.
• AltC Acquisition is primarily focused on potential mergers and acquisitions, trading at $79.32, illustrating its speculative nature in the market.

Tesla, Broadcom, and AltC Acquisition are the three Energy stocks to watch today, according to MarketBeat's stock screener tool. Energy stocks are shares of companies engaged in the production, exploration, distribution or sale of energy resources—such as oil, natural gas, coal and renewable sources like wind or solar. Their performance is closely tied to fluctuations in commodity prices, geopolitical events and regulatory or environmental policies. These companies had the highest dollar trading volume of any Energy stocks within the last several days.

Tesla (TSLA)

Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.

Tesla stock traded up $7.60 during trading hours on Friday, reaching $329.87. 59,763,444 shares of the stock were exchanged, compared to its average volume of 106,583,586. The stock has a market cap of $1.06 trillion, a P/E ratio of 190.85, a P/E/G ratio of 11.24 and a beta of 2.33. The firm's 50 day moving average is $319.07 and its 200 day moving average is $308.84. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 2.04. Tesla has a 52-week low of $194.67 and a 52-week high of $488.54.

Read Our Latest Research Report on TSLA

Broadcom (AVGO)

Broadcom Inc. designs, develops, and supplies various semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide. The company operates in two segments, Semiconductor Solutions and Infrastructure Software.

NASDAQ:AVGO traded down $0.59 during mid-day trading on Friday, reaching $303.18. The stock had a trading volume of 5,981,636 shares, compared to its average volume of 26,489,201. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.98 and a current ratio of 1.08. The business has a 50 day simple moving average of $271.57 and a 200 day simple moving average of $226.37. Broadcom has a twelve month low of $134.90 and a twelve month high of $310.34. The firm has a market capitalization of $1.43 trillion, a price-to-earnings ratio of 113.57, a PEG ratio of 2.15 and a beta of 1.15.

Read Our Latest Research Report on AVGO

AltC Acquisition (ALCC)

AltC Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. The company was formerly known as Churchill Capital Corp VIII and changed its name to AltC Acquisition Corp.

Shares of ALCC stock traded down $3.78 during trading hours on Friday, reaching $79.32. 14,533,161 shares of the company's stock were exchanged, compared to its average volume of 723,393. AltC Acquisition has a 1 year low of $10.27 and a 1 year high of $18.80. The company's 50 day moving average is $61.40 and its two-hundred day moving average is $42.43.

Read Our Latest Research Report on ALCC

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