Best Solar Stocks To Follow Now - November 4th

Key Points

• MarketBeat identified First Solar, Nextpower, Enphase Energy, Solaris Energy Infrastructure, Array Technologies, Shoals Technologies Group, and SolarEdge as solar-related stocks with the highest recent dollar trading volume.
• Trading was mixed on Wednesday: First Solar, Nextpower, Enphase, Array Technologies, and Shoals rose, while Solaris Energy Infrastructure and SolarEdge fell.
• The companies span solar modules, trackers, inverters, and electrical components; Solaris Energy Infrastructure’s business, however, focuses on equipment and services for oil and gas well sites.

First Solar, Nextpower, Enphase Energy, Solaris Energy Infrastructure, Array Technologies, Shoals Technologies Group, and SolarEdge Technologies are the seven Solar stocks to watch today, according to MarketBeat's stock screener tool. Solar stocks are shares of publicly traded companies involved in the solar energy industry, including solar panel manufacturers, installers, project developers, and related technology or equipment providers. Investors use them to gain exposure to the growth of renewable energy, though their performance can be affected by interest rates, government incentives, energy prices, and industry competition. These companies had the highest dollar trading volume of any Solar stocks within the last several days.

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.

Shares of FSLR traded up $10.09 during trading hours on Wednesday, hitting $195.99. 6,163,472 shares of the stock were exchanged, compared to its average volume of 2,381,375. The firm has a market capitalization of $21.06 billion, a P/E ratio of 11.39, a price-to-earnings-growth ratio of 0.50 and a beta of 1.73. The business has a 50-day moving average of $187.62 and a 200-day moving average of $215.65. First Solar has a fifty-two week low of $165.86 and a fifty-two week high of $320.95.

Read Our Latest Research Report on FSLR

Nextpower (NXT)

Nextpower, formerly known as Nextracker, an energy solutions company, provides solar trackers and software solutions for utility-scale and distributed generation solar projects in the United States and internationally. The company offers tracking solutions, which includes NX Horizon, a solar tracking solution; and NX Horizon-XTR, a terrain-following tracker designed to expand the addressable market for trackers on sites with sloped, uneven, and challenging terrain.

NASDAQ:NXT traded up $11.39 on Wednesday, hitting $107.42. The stock had a trading volume of 6,325,502 shares, compared to its average volume of 2,429,426. The firm's fifty day simple moving average is $82.74 and its two-hundred day simple moving average is $106.63. Nextpower has a 1 year low of $75.40 and a 1 year high of $163.13. The stock has a market cap of $16.30 billion, a P/E ratio of 27.12, a price-to-earnings-growth ratio of 1.90 and a beta of 1.93.

Read Our Latest Research Report on NXT

Enphase Energy (ENPH)

Enphase Energy, Inc., together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control.

Shares of ENPH traded up $1.43 during midday trading on Wednesday, hitting $31.85. 11,369,157 shares of the company traded hands, compared to its average volume of 6,538,508. The company has a debt-to-equity ratio of 0.46, a current ratio of 4.09 and a quick ratio of 3.56. The stock has a 50-day moving average of $33.28 and a 200-day moving average of $40.89. The firm has a market cap of $4.21 billion, a P/E ratio of 47.72 and a beta of 1.44. Enphase Energy has a one year low of $23.83 and a one year high of $73.74.

Read Our Latest Research Report on ENPH

Solaris Energy Infrastructure (SEI)

Solaris Energy Infrastructure, Inc. is a holding company, which engages in the manufacture of patented mobile proppant management systems that unload, store, and deliver proppant to oil and natural gas well sites. Its products include Mobile Proppant and Mobile Chemical Management Systems, and Inventory Management Software.

SEI traded down $12.94 during trading on Wednesday, reaching $56.43. The stock had a trading volume of 4,814,811 shares, compared to its average volume of 2,781,078. Solaris Energy Infrastructure has a one year low of $38.50 and a one year high of $86.19. The company has a debt-to-equity ratio of 2.23, a quick ratio of 4.03 and a current ratio of 4.12. The business has a 50-day moving average of $65.54 and a 200-day moving average of $63.37. The stock has a market cap of $4.32 billion, a PE ratio of 66.39 and a beta of 1.40.

Read Our Latest Research Report on SEI

Array Technologies (ARRY)

Array Technologies, Inc. manufactures and sells ground-mounting tracking systems used in solar energy projects in the United States, Spain, Brazil, Australia, and internationally. The company operates in two segments, Array Legacy Operations and STI Operations. Its products portfolio includes DuraTrack HZ v3, a single axis tracker; Array STI H250 that delivers a lower levelized cost of energy with tracker system; Array OmniTrack; and SmarTrack, a software product that uses site-specific historical weather and energy production data in combination with machine learning algorithms to identify the optimal position for a solar array in real time to enhance energy production.

NASDAQ:ARRY traded up $0.66 during mid-day trading on Wednesday, reaching $5.29. 44,114,426 shares of the company's stock traded hands, compared to its average volume of 6,545,063. The company has a 50 day moving average price of $3.98 and a 200-day moving average price of $6.87. Array Technologies has a 12-month low of $3.09 and a 12-month high of $12.23. The firm has a market capitalization of $815.48 million, a price-to-earnings ratio of -5.38, a PEG ratio of 0.88 and a beta of 1.81.

Read Our Latest Research Report on ARRY

Shoals Technologies Group (SHLS)

Shoals Technologies Group, Inc. provides electrical balance of system (EBOS) solutions and components for solar, battery energy, and electric vehicle (EV) charging applications in the United States and internationally. The company designs, manufactures, and sells system solutions for both homerun and combine-as-you-go wiring architectures, as well as offers technical support services.

SHLS stock traded up $0.62 during midday trading on Wednesday, hitting $9.09. The stock had a trading volume of 20,690,138 shares, compared to its average volume of 5,236,924. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.25 and a quick ratio of 1.12. The business has a 50-day moving average of $7.60 and a two-hundred day moving average of $8.47. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 47.66, a price-to-earnings-growth ratio of 0.91 and a beta of 1.86. Shoals Technologies Group has a 52-week low of $5.43 and a 52-week high of $13.18.

Read Our Latest Research Report on SHLS

SolarEdge Technologies (SEDG)

SolarEdge Technologies, Inc., together with its subsidiaries, designs, develops, manufactures, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in the United States, Germany, the Netherlands, Italy, rest of Europe, and internationally. It operates in two segments, Solar and Energy Storage.

SEDG stock traded down $2.49 on Wednesday, reaching $30.39. 5,914,814 shares of the company traded hands, compared to its average volume of 3,348,386. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.03 and a quick ratio of 1.38. The firm has a fifty day simple moving average of $32.91 and a 200-day simple moving average of $42.20. SolarEdge Technologies has a one year low of $28.11 and a one year high of $81.25. The company has a market cap of $1.87 billion, a P/E ratio of -6.77 and a beta of 1.31.

Read Our Latest Research Report on SEDG

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