Promising Solar Stocks To Follow Now - November 3rd

Key Points

• MarketBeat highlighted five high-volume stocks connected to solar or related energy infrastructure: First Solar, Nextpower, Enphase Energy, Solaris Energy Infrastructure, and Sunrun.
• Tuesday trading was positive across all five names, with First Solar at $187.32, Nextpower at $95.79, Enphase at $30.36, Solaris at $69.40, and Sunrun at $8.81.
• The companies span thin-film solar modules, utility-scale tracking systems, microinverters, residential solar installations, and energy infrastructure. Their performance remains sensitive to interest rates, policy, energy prices, and industry competition.

First Solar, Nextpower, Enphase Energy, Solaris Energy Infrastructure, and Sunrun are the five 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, project developers, installers, and related technology or equipment providers. Investors buy these stocks to gain exposure to the growth and profitability of solar power, though their performance can be affected by interest rates, government policies, energy prices, and 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.

FSLR traded up $5.27 during trading hours on Tuesday, hitting $187.32. 1,725,638 shares of the stock were exchanged, compared to its average volume of 2,355,175. The stock has a market cap of $20.13 billion, a price-to-earnings ratio of 10.88, a price-to-earnings-growth ratio of 0.48 and a beta of 1.80. The stock has a 50-day simple moving average of $188.07 and a 200-day simple moving average of $215.90. First Solar has a 12 month low of $165.86 and a 12 month 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.

Shares of Nextpower stock traded up $4.66 during trading on Tuesday, hitting $95.79. 2,222,938 shares of the stock were exchanged, compared to its average volume of 2,402,481. The stock's fifty day moving average is $82.51 and its 200 day moving average is $106.62. The stock has a market cap of $14.53 billion, a PE ratio of 24.20, a P/E/G ratio of 1.98 and a beta of 1.94. Nextpower has a 12 month low of $75.40 and a 12 month high of $163.13.

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.

Enphase Energy stock traded up $2.43 during mid-day trading on Tuesday, hitting $30.36. 4,426,174 shares of the company's stock traded hands, compared to its average volume of 6,493,663. The company has a market cap of $4.02 billion, a PE ratio of 45.39 and a beta of 1.44. The firm has a 50 day moving average price of $33.41 and a 200 day moving average price of $40.92. Enphase Energy has a one year low of $23.83 and a one year high of $73.74. The company has a quick ratio of 2.95, a current ratio of 4.09 and a debt-to-equity ratio of 0.46.

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 up $4.00 during trading on Tuesday, reaching $69.40. The stock had a trading volume of 1,065,017 shares, compared to its average volume of 2,766,468. The company has a quick ratio of 4.03, a current ratio of 4.12 and a debt-to-equity ratio of 2.23. The firm has a market capitalization of $5.31 billion, a price-to-earnings ratio of 81.65 and a beta of 1.28. The stock has a 50 day moving average of $65.23 and a two-hundred day moving average of $63.29. Solaris Energy Infrastructure has a 1-year low of $38.50 and a 1-year high of $86.19.

Read Our Latest Research Report on SEI

Sunrun (RUN)

Sunrun Inc. designs, develops, installs, sells, owns, and maintains residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking; and solar leads generated to customers. In addition, the company offers battery storage along with solar energy systems; and sells services to commercial developers through multi-family and new homes.

Shares of RUN traded up $0.56 during mid-day trading on Tuesday, reaching $8.81. The company's stock had a trading volume of 6,754,243 shares, compared to its average volume of 9,233,178. The business has a fifty day moving average of $8.11 and a 200 day moving average of $12.43. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 5.96 and a beta of 2.44. Sunrun has a 1 year low of $6.78 and a 1 year high of $21.95. The company has a quick ratio of 1.00, a current ratio of 1.42 and a debt-to-equity ratio of 3.34.

Read Our Latest Research Report on RUN

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