Solar Stocks To Consider - November 10th

Key Points

• First Solar, Nextpower, and Enphase Energy were identified as solar stocks to watch based on their recent dollar trading volume.
• All three shares fell in Tuesday trading: First Solar dropped $12.10 to $179.51, Nextpower fell $7.06 to $97.83, and Enphase declined $1.75 to $27.33.
• The companies have different solar-industry roles: First Solar makes thin-film PV modules, Nextpower provides solar trackers and software, and Enphase sells microinverters and home energy solutions.

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 manufacturers of panels and inverters, project developers, or solar-power providers. For investors, they offer exposure to the sector’s growth, but their performance can be influenced by energy prices, government policies, technology costs, and demand for renewable energy. 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 NASDAQ FSLR traded down $12.10 during midday trading on Tuesday, reaching $179.51. 2,007,200 shares of the company traded hands, compared to its average volume of 2,429,550. First Solar has a 12 month low of $165.86 and a 12 month high of $320.95. The stock's 50-day simple moving average is $186.74 and its 200-day simple moving average is $214.69. The firm has a market cap of $19.29 billion, a PE ratio of 10.41, a PEG ratio of 0.53 and a beta of 1.73.

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 NXT traded down $7.06 on Tuesday, hitting $97.83. The company's stock had a trading volume of 1,053,646 shares, compared to its average volume of 2,461,119. The company has a market capitalization of $14.84 billion, a PE ratio of 24.68, a PEG ratio of 2.23 and a beta of 1.93. Nextpower has a fifty-two week low of $75.40 and a fifty-two week high of $163.13. The company has a 50 day moving average price of $84.12 and a 200 day moving average price of $106.75.

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 Enphase Energy stock traded down $1.75 during trading on Tuesday, reaching $27.33. The company's stock had a trading volume of 3,472,601 shares, compared to its average volume of 6,587,223. The stock has a 50-day moving average price of $32.60 and a two-hundred day moving average price of $40.77. The company has a current ratio of 4.09, a quick ratio of 3.56 and a debt-to-equity ratio of 0.46. Enphase Energy has a one year low of $23.83 and a one year high of $73.74. The stock has a market capitalization of $3.62 billion, a P/E ratio of 40.82 and a beta of 1.44.

Read Our Latest Research Report on ENPH

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.