Best Solar Stocks Worth Watching - July 8th

Tesla, Berkshire Hathaway, GE Vernova, NextEra Energy, and Wolfspeed are the five Solar stocks to watch today, according to MarketBeat's stock screener tool. Solar stocks are equity shares of companies involved in the solar energy industry, from photovoltaic panel manufacturers and installers to solar project developers and equipment suppliers. Investing in these stocks provides exposure to the renewable energy sector and is driven by factors like government incentives, technological advances, and global energy demand. 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 NASDAQ TSLA traded up $9.06 during trading hours on Tuesday, hitting $303.00. 67,925,633 shares of the company traded hands, compared to its average volume of 109,612,977. The stock has a market capitalization of $975.95 billion, a price-to-earnings ratio of 166.48, a price-to-earnings-growth ratio of 9.17 and a beta of 2.39. The company's 50 day moving average price is $321.10 and its 200 day moving average price is $323.46. Tesla has a 12 month low of $182.00 and a 12 month high of $488.54. The company has a current ratio of 2.00, a quick ratio of 1.54 and a debt-to-equity ratio of 0.07.

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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 stock traded up $0.23 during mid-day trading on Tuesday, hitting $478.26. 2,413,355 shares of the stock were exchanged, compared to its average volume of 4,411,826. Berkshire Hathaway has a 52-week low of $406.11 and a 52-week high of $542.07. The company has a market cap of $1.03 trillion, a PE ratio of 12.75, a price-to-earnings-growth ratio of 3.37 and a beta of 0.83. The firm has a fifty day moving average of $500.29 and a 200 day moving average of $494.01.

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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.

Shares of GEV stock traded down $1.22 during mid-day trading on Tuesday, hitting $529.06. The stock had a trading volume of 2,167,904 shares, compared to its average volume of 3,305,150. The firm has a market cap of $144.40 billion, a PE ratio of 76.23, a PEG ratio of 3.98 and a beta of 1.86. The company's 50-day simple moving average is $464.41 and its 200-day simple moving average is $384.86. GE Vernova has a fifty-two week low of $150.01 and a fifty-two week high of $544.50.

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NextEra Energy (NEE)

NextEra Energy, Inc., through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.

Shares of NEE stock traded down $2.32 during trading hours on Tuesday, hitting $72.43. 11,987,679 shares of the company were exchanged, compared to its average volume of 11,066,953. The firm has a market cap of $149.11 billion, a PE ratio of 27.13, a PEG ratio of 2.60 and a beta of 0.67. NextEra Energy has a 1 year low of $61.72 and a 1 year high of $86.10. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.32. The firm has a fifty day moving average of $70.79 and a 200 day moving average of $70.17.

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Wolfspeed (WOLF)

Wolfspeed, Inc. operates as a powerhouse semiconductor company focuses on silicon carbide and gallium nitride (GaN) technologies in Europe, Hong Kong, China, rest of Asia-Pacific, the United States, and internationally. It offers silicon carbide and GaN materials, including silicon carbide bare wafers, epitaxial wafers, and GaN epitaxial layers on silicon carbide wafers to manufacture products for RF, power, and other applications.

Shares of WOLF traded up $0.30 during midday trading on Tuesday, hitting $2.61. 270,595,853 shares of the stock traded hands, compared to its average volume of 26,040,015. Wolfspeed has a 1-year low of $0.39 and a 1-year high of $25.49. The company has a debt-to-equity ratio of 30.65, a quick ratio of 3.90 and a current ratio of 4.64. The firm has a market capitalization of $406.18 million, a PE ratio of -0.31 and a beta of 1.09. The business's 50 day moving average price is $2.01 and its two-hundred day moving average price is $4.08.

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