Promising Solar Stocks Worth Watching - November 9th

Key Points

• First Solar, Nextpower, and Enphase Energy were identified by MarketBeat as solar stocks to watch, based on their high recent dollar trading volumes.
• First Solar makes thin-film photovoltaic modules; shares fell $9.44 to $191.71 on Monday, within a 52-week range of $165.86–$320.95.
• Nextpower supplies solar trackers and related software, while Enphase makes microinverters and home-energy systems. Their shares rose to $106.13 and $29.26, respectively, on Monday.

First Solar, Nextpower, and Enphase Energy are the three 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, such as those that make panels, develop solar projects, or provide related equipment and services. Investors may use them to gain exposure to the growth of solar power, though their value can be affected by factors such as policy changes, interest rates, competition, and energy prices. 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 down $9.44 on Monday, hitting $191.71. 2,791,687 shares of the company were exchanged, compared to its average volume of 2,422,990. First Solar has a fifty-two week low of $165.86 and a fifty-two week high of $320.95. The firm has a market capitalization of $20.60 billion, a P/E ratio of 11.10, a price-to-earnings-growth ratio of 0.55 and a beta of 1.73. The business's fifty day moving average is $186.99 and its 200 day moving average is $214.96.

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 NASDAQ:NXT traded up $1.23 during trading on Monday, hitting $106.13. 1,367,114 shares of the stock were exchanged, compared to its average volume of 2,459,934. The company has a fifty day moving average price of $83.73 and a two-hundred day moving average price of $106.73. The company has a market cap of $15.98 billion, a PE ratio of 26.55, a P/E/G ratio of 2.19 and a beta of 1.93. 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.

ENPH traded up $0.79 during trading on Monday, hitting $29.26. The company's stock had a trading volume of 4,096,246 shares, compared to its average volume of 6,580,125. Enphase Energy has a twelve month low of $23.83 and a twelve month high of $73.74. The stock has a market cap of $3.87 billion, a PE ratio of 43.71 and a beta of 1.44. 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 firm's 50 day moving average price is $32.76 and its 200-day moving average price is $40.81.

Read Our Latest Research Report on ENPH

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