Best Energy Stocks To Watch Now - August 16th

Key Points

• Tesla, Broadcom, and First Solar are highlighted as top energy stocks to monitor due to their recent high trading volumes and potential growth opportunities in the energy sector.
• Tesla's stock experienced a decline to $330.56, with significant trading activity and a market cap of $1.07 trillion, while maintaining a high P/E ratio of 191.08.
• First Solar's shares rose to $199.95, showcasing strong trading volume and a market capitalization of $21.44 billion, highlighting its growth in the solar technology market.

Tesla, Broadcom, and First Solar are the three Energy stocks to watch today, according to MarketBeat's stock screener tool. Energy stocks are shares of companies involved in the exploration, production, refining, distribution, and sale of energy resources—ranging from traditional fossil fuels like oil and natural gas to electricity generation and renewable sources such as wind or solar. Their market performance is often driven by commodity price swings, geopolitical developments, regulatory policies, and shifts in global energy demand. Investors use energy stocks to gain exposure to the sector’s potential growth, income from dividends, and long-term trends like the transition to cleaner energy. 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.

TSLA stock traded down $5.02 during trading on Friday, reaching $330.56. 74,099,060 shares of the stock traded hands, compared to its average volume of 90,268,784. Tesla has a 52-week low of $202.59 and a 52-week high of $488.54. The business's 50 day moving average price is $320.41 and its 200-day moving average price is $305.81. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.04 and a quick ratio of 1.55. The firm has a market capitalization of $1.07 trillion, a PE ratio of 191.08, a P/E/G ratio of 11.67 and a beta of 2.33.

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.

Shares of NASDAQ AVGO traded down $4.89 on Friday, hitting $306.34. The company had a trading volume of 22,795,520 shares, compared to its average volume of 17,011,082. The firm has a market capitalization of $1.44 trillion, a P/E ratio of 114.73, a PEG ratio of 2.21 and a beta of 1.15. Broadcom has a 12-month low of $134.90 and a 12-month high of $317.35. The company has a quick ratio of 0.98, a current ratio of 1.08 and a debt-to-equity ratio of 0.89. The business has a 50 day moving average of $278.27 and a two-hundred day moving average of $229.63.

Read Our Latest Research Report on AVGO

First Solar (FSLR)

First Solar, Inc., a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, Japan, Chile, and internationally. The company manufactures and sells PV solar modules with a thin film semiconductor technology that provides a lower-carbon alternative to conventional crystalline silicon PV solar modules.

NASDAQ FSLR traded up $19.90 on Friday, hitting $199.95. 10,927,711 shares of the stock traded hands, compared to its average volume of 2,393,773. The stock has a 50-day moving average of $171.26 and a 200 day moving average of $153.89. First Solar has a twelve month low of $116.56 and a twelve month high of $262.72. The company has a market capitalization of $21.44 billion, a P/E ratio of 17.10, a price-to-earnings-growth ratio of 0.35 and a beta of 1.48. The company has a current ratio of 1.90, a quick ratio of 1.41 and a debt-to-equity ratio of 0.04.

Read Our Latest Research Report on FSLR

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