Promising Renewable Energy Stocks To Keep An Eye On - November 7th

Key Points

• MarketBeat’s renewable-energy screen identified five stocks with the highest recent dollar trading volume: Quanta Services (PWR), WEC Energy Group (WEC), Clearway Energy (CWEN), NOV (NOV), and HA Sustainable Infrastructure Capital (HASI).
• The companies offer varied exposure to the sector: Quanta builds and maintains power infrastructure, WEC supplies regulated electricity and gas, and Clearway operates wind, solar, and other generation assets.
• Renewables are part of broader businesses at NOV, which serves energy equipment and services markets, and HASI, which invests in energy efficiency, renewable energy, and sustainable infrastructure. The article notes that sector stock values can be affected by policy, technology costs, and market conditions.

Quanta Services, WEC Energy Group, Clearway Energy, NOV, and HA Sustainable Infrastructure Capital are the five Renewable Energy stocks to watch today, according to MarketBeat's stock screener tool. Renewable energy stocks are shares of publicly traded companies that develop, produce, or support energy from renewable sources such as solar, wind, hydro, and geothermal power. For investors, they offer exposure to the renewable energy sector, though their value can be affected by policy changes, technology costs, and market conditions. These companies had the highest dollar trading volume of any Renewable Energy stocks within the last several days.

Quanta Services (PWR)

Quanta Services, Inc. provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries in the United States, Canada, Australia, and internationally. The company's Electric Power Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; installation, maintenance, and upgrade of electric power infrastructure projects; installation of smart grid technologies on electric power networks; and design, installation, maintenance, and repair of commercial and industrial wirings.

PWR stock traded up $31.82 during midday trading on Friday, reaching $540.88. 2,775,356 shares of the company's stock traded hands, compared to its average volume of 1,301,242. The company has a 50-day simple moving average of $628.83 and a two-hundred day simple moving average of $626.39. Quanta Services has a 1-year low of $408.36 and a 1-year high of $788.75. The company has a market cap of $81.50 billion, a price-to-earnings ratio of 48.99, a PEG ratio of 1.62 and a beta of 1.29. The company has a quick ratio of 1.13, a current ratio of 1.16 and a debt-to-equity ratio of 0.60.

Read Our Latest Research Report on PWR

WEC Energy Group (WEC)

WEC Energy Group, Inc., through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. It operates through Wisconsin, Illinois, Other States, Electric Transmission, and Non-Utility Energy Infrastructure segments.

NYSE:WEC traded down $2.46 during trading hours on Friday, hitting $115.86. 3,901,146 shares of the stock were exchanged, compared to its average volume of 2,687,084. The company has a market capitalization of $38.12 billion, a P/E ratio of 21.03, a price-to-earnings-growth ratio of 2.41 and a beta of 0.43. WEC Energy Group has a twelve month low of $99.80 and a twelve month high of $120.15. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 1.34. The company's 50 day moving average is $106.86 and its two-hundred day moving average is $111.67.

Read Our Latest Research Report on WEC

Clearway Energy (CWEN)

Clearway Energy, Inc. operates in the renewable energy business in the United States. The company operates through Conventional and Renewables segments. It has approximately 6,000 net MW of installed wind, solar, and energy generation projects; and approximately 2,500 net MW of natural gas-fired generation facilities.

Shares of CWEN traded down $0.20 during trading hours on Friday, reaching $34.08. The stock had a trading volume of 1,913,716 shares, compared to its average volume of 1,277,690. The company has a quick ratio of 1.02, a current ratio of 1.11 and a debt-to-equity ratio of 1.55. The firm has a 50-day moving average of $31.12 and a 200 day moving average of $35.54. Clearway Energy has a 52 week low of $28.57 and a 52 week high of $41.74. The company has a market cap of $7.00 billion, a P/E ratio of 44.84 and a beta of 0.81.

Read Our Latest Research Report on CWEN

NOV (NOV)

NOV Inc. designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors in the United States and internationally. It operates through two segments, Energy Equipment, and Energy Products and Services. The company provides solids control and waste management equipment and services, managed pressure drilling, drilling fluids, premium drillpipe, wired pipe, drilling optimization services, tubular inspection and coating services, instrumentation, downhole tools, and drill bits.

NOV stock traded up $0.21 during trading hours on Friday, reaching $17.60. 3,563,122 shares of the stock were exchanged, compared to its average volume of 3,933,666. The firm's 50-day moving average is $19.70 and its 200-day moving average is $19.65. NOV has a 12 month low of $14.30 and a 12 month high of $21.93. The company has a market cap of $6.27 billion, a price-to-earnings ratio of 44.00 and a beta of 0.96. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.66.

Read Our Latest Research Report on NOV

HA Sustainable Infrastructure Capital (HASI)

HA Sustainable Infrastructure Capital, Inc., through its subsidiaries, engages in the investment of energy efficiency, renewable energy, and sustainable infrastructure markets in the United States. The company's portfolio includes equity investments, commercial and government receivables, real estate, and debt securities.

HASI traded down $0.83 on Friday, hitting $38.85. 1,326,068 shares of the company were exchanged, compared to its average volume of 881,316. The stock's fifty day moving average is $37.27 and its 200-day moving average is $38.18. HA Sustainable Infrastructure Capital has a 12 month low of $29.75 and a 12 month high of $44.13. The company has a debt-to-equity ratio of 2.23, a quick ratio of 8.89 and a current ratio of 8.89. The company has a market cap of $4.99 billion, a PE ratio of 40.47, a PEG ratio of 1.24 and a beta of 1.39.

Read Our Latest Research Report on HASI

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