Top Solar Stocks To Keep An Eye On - November 8th

Key Points

• MarketBeat flagged seven solar-related stocks—First Solar, Nextpower, Solaris Energy Infrastructure, Enphase Energy, Sunrun, Shoals Technologies Group, and Array Technologies—based on their high recent dollar trading volume.
• Friday trading was mixed: First Solar and Nextpower rose to $201.14 and $104.90, respectively, while Enphase slipped to $28.47; other listed shares also moved higher that day.
• The companies span solar modules, trackers, inverters, residential systems, and electrical components, giving investors varied exposure to the industry, whose stock performance can be affected by policy, energy prices, and interest rates.

First Solar, Nextpower, Solaris Energy Infrastructure, Enphase Energy, Sunrun, Shoals Technologies Group, and Array 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, such as manufacturers of panels and inverters, project developers, and solar power providers. Investors may buy them to gain exposure to the industry, though their performance can be affected by factors such as energy prices, government policies, and interest rates. 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 up $5.38 during midday trading on Friday, reaching $201.14. The company had a trading volume of 4,117,355 shares, compared to its average volume of 2,800,086. The company has a fifty day simple moving average of $186.99 and a two-hundred day simple moving average of $214.96. The firm has a market cap of $21.62 billion, a price-to-earnings ratio of 11.64, a price-to-earnings-growth ratio of 0.55 and a beta of 1.73. First Solar has a 1-year low of $165.86 and a 1-year 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.

NXT stock traded up $5.32 during mid-day trading on Friday, reaching $104.90. 3,625,796 shares of the stock traded hands, compared to its average volume of 3,096,011. Nextpower has a 52-week low of $75.40 and a 52-week high of $163.13. The company has a market cap of $15.92 billion, a P/E ratio of 26.42, a P/E/G ratio of 2.19 and a beta of 1.93. The stock's fifty day moving average is $83.73 and its 200-day moving average is $106.73.

Read Our Latest Research Report on NXT

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.

Shares of Solaris Energy Infrastructure stock traded up $7.34 during trading on Friday, hitting $57.89. The stock had a trading volume of 4,079,181 shares, compared to its average volume of 3,461,312. The stock has a 50 day simple moving average of $65.69 and a 200 day simple moving average of $63.36. The company has a market capitalization of $4.43 billion, a PE ratio of 60.30 and a beta of 1.40. The company has a quick ratio of 4.03, a current ratio of 4.12 and a debt-to-equity ratio of 2.23. 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

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 NASDAQ:ENPH traded down $0.50 during mid-day trading on Friday, hitting $28.47. The stock had a trading volume of 7,496,125 shares, compared to its average volume of 8,246,903. The company has a debt-to-equity ratio of 0.46, a quick ratio of 3.56 and a current ratio of 4.09. The company has a market cap of $3.77 billion, a PE ratio of 42.49 and a beta of 1.44. Enphase Energy has a 12-month low of $23.83 and a 12-month high of $73.74. The company's 50 day moving average is $32.76 and its 200-day moving average is $40.81.

Read Our Latest Research Report on ENPH

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.

Sunrun stock traded up $0.11 during midday trading on Friday, reaching $9.98. The stock had a trading volume of 16,562,936 shares, compared to its average volume of 11,457,182. Sunrun has a twelve month low of $6.78 and a twelve month high of $21.95. The company has a debt-to-equity ratio of 3.22, a current ratio of 1.52 and a quick ratio of 1.00. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of 5.04 and a beta of 2.35. The firm's fifty day simple moving average is $8.13 and its two-hundred day simple moving average is $12.26.

Read Our Latest Research Report on RUN

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.

NASDAQ:SHLS traded up $1.09 during trading hours on Friday, hitting $10.08. 11,034,533 shares of the stock traded hands, compared to its average volume of 6,503,452. The firm has a 50 day moving average price of $7.74 and a 200 day moving average price of $8.47. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 43.83, a PEG ratio of 1.21 and a beta of 1.86. Shoals Technologies Group has a fifty-two week low of $5.43 and a fifty-two week high of $13.18. The company has a current ratio of 2.45, a quick ratio of 1.12 and a debt-to-equity ratio of 0.26.

Read Our Latest Research Report on SHLS

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.

Shares of Array Technologies stock traded up $0.56 during midday trading on Friday, hitting $5.86. The company's stock had a trading volume of 13,839,338 shares, compared to its average volume of 11,225,643. The firm has a market capitalization of $902.50 million, a P/E ratio of -5.10, a PEG ratio of 1.36 and a beta of 1.81. The stock has a 50-day simple moving average of $4.03 and a 200-day simple moving average of $6.80. Array Technologies has a 1-year low of $3.09 and a 1-year high of $12.23.

Read Our Latest Research Report on ARRY

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