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Best Solar Stocks To Keep An Eye On - August 11th

Tesla logo with Auto/Tires/Trucks background

Key Points

  • Key solar stocks to watch include Tesla, Berkshire Hathaway, GE Vernova, Vistra, and Constellation Energy, which have shown the highest dollar trading volume recently.
  • Tesla's stock has a market cap of $1.10 trillion and recently traded at $342.08, while Berkshire Hathaway also holds a significant market cap of $1.00 trillion.
  • Solar stocks can be volatile due to their dependencies on government incentives, technological advancements, and traditional energy prices, making them risky investments despite the growth potential in renewable energy.
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Tesla, Berkshire Hathaway, GE Vernova, Vistra, and Constellation Energy are the five Solar stocks to watch today, according to MarketBeat's stock screener tool. Solar stocks are equity shares of companies that develop, manufacture, distribute or install solar energy technologies—such as photovoltaic panels, inverters and related equipment. By owning these shares, investors gain exposure to the growth of the renewable-energy sector as demand for clean power rises. Their performance can be volatile, however, since it’s influenced by government incentives, technological advances and the price of traditional energy sources. These companies had the highest dollar trading volume of any Solar 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.

Shares of TSLA traded up $12.43 during mid-day trading on Monday, hitting $342.08. The company had a trading volume of 78,094,791 shares, compared to its average volume of 106,600,922. The company has a quick ratio of 1.55, a current ratio of 2.04 and a debt-to-equity ratio of 0.07. The business's 50-day simple moving average is $318.68 and its 200-day simple moving average is $306.71. The stock has a market cap of $1.10 trillion, a PE ratio of 198.01, a P/E/G ratio of 11.46 and a beta of 2.33. Tesla has a 1-year low of $194.67 and a 1-year high of $488.54.

Read Our Latest Research Report on TSLA

Berkshire Hathaway (BRK.B)

Berkshire Hathaway Inc., through its subsidiaries, engages in the insurance, freight rail transportation, and utility businesses worldwide. The company provides property, casualty, life, accident, and health insurance and reinsurance; and operates railroad systems in North America. It also generates, transmits, stores, and distributes electricity from natural gas, coal, wind, solar, hydroelectric, nuclear, and geothermal sources; operates natural gas distribution and storage facilities, interstate pipelines, liquefied natural gas facilities, and compressor and meter stations; and holds interest in coal mining assets.

Shares of BRK.B traded down $0.79 during trading hours on Monday, reaching $464.61. The company's stock had a trading volume of 1,818,611 shares, compared to its average volume of 4,886,825. Berkshire Hathaway has a 1-year low of $425.90 and a 1-year high of $542.07. The company has a 50 day moving average of $481.45 and a two-hundred day moving average of $497.06. The firm has a market cap of $1.00 trillion, a price-to-earnings ratio of 15.92, a P/E/G ratio of 3.24 and a beta of 0.81.

Read Our Latest Research Report on BRK.B

GE Vernova (GEV)

GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.

NYSE GEV traded up $0.38 during trading on Monday, hitting $649.47. The stock had a trading volume of 1,065,835 shares, compared to its average volume of 3,602,512. The company's 50-day moving average price is $548.53 and its two-hundred day moving average price is $424.45. The company has a market capitalization of $176.80 billion, a PE ratio of 156.44, a P/E/G ratio of 4.49 and a beta of 1.90. GE Vernova has a 12 month low of $173.07 and a 12 month high of $677.29.

Read Our Latest Research Report on GEV

Vistra (VST)

Vistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company. The company operates through six segments: Retail, Texas, East, West, Sunset, and Asset Closure. It retails electricity and natural gas to residential, commercial, and industrial customers across states in the United States and the District of Columbia.

Shares of VST traded down $0.60 during mid-day trading on Monday, hitting $201.52. The stock had a trading volume of 2,064,207 shares, compared to its average volume of 7,278,584. The company has a debt-to-equity ratio of 6.53, a current ratio of 0.86 and a quick ratio of 0.77. The business has a fifty day moving average price of $188.82 and a 200-day moving average price of $155.90. Vistra has a 52 week low of $72.90 and a 52 week high of $216.85. The firm has a market cap of $68.38 billion, a P/E ratio of 32.17, a PEG ratio of 2.46 and a beta of 1.30.

Read Our Latest Research Report on VST

Constellation Energy (CEG)

Constellation Energy Corporation generates and sells electricity in the United States. It operates through five segments: Mid-Atlantic, Midwest, New York, ERCOT, and Other Power Regions. The company sells natural gas, energy-related products, and sustainable solutions. It has approximately 33,094 megawatts of generating capacity consisting of nuclear, wind, solar, natural gas, and hydroelectric assets.

Shares of CEG stock traded down $2.91 on Monday, hitting $332.86. 1,142,330 shares of the stock traded hands, compared to its average volume of 3,812,049. The firm has a 50 day simple moving average of $317.11 and a two-hundred day simple moving average of $275.25. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.48 and a quick ratio of 1.22. Constellation Energy has a 52 week low of $161.35 and a 52 week high of $357.00. The firm has a market cap of $103.99 billion, a price-to-earnings ratio of 34.78, a PEG ratio of 2.61 and a beta of 1.12.

Read Our Latest Research Report on CEG

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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