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Promising Electric Vehicle Stocks Worth Watching - August 16th

Tesla logo with Auto/Tires/Trucks background

Key Points

  • Tesla, Enphase Energy, Rivian Automotive, SolarEdge Technologies, and Baidu are highlighted as the top electric vehicle stocks to watch due to their high trading volumes recently.
  • Tesla's stock traded down to $330.56 with a market capitalization of $1.07 trillion, while its one-year trading range fluctuated between $202.59 and $488.54.
  • Enphase Energy's stock reached $34.84, experiencing a significant trading volume increase compared to its average, reflecting strong interest in its solar energy solutions.
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Tesla, Enphase Energy, Rivian Automotive, SolarEdge Technologies, and Baidu are the five Electric Vehicle stocks to watch today, according to MarketBeat's stock screener tool. Electric vehicle stocks are shares of publicly traded companies whose core business involves the design, manufacture or sale of electric vehicles and related technologies such as batteries and charging infrastructure. By buying these stocks, investors gain exposure to the growth potential of the EV market, which is driven by regulatory incentives, technological innovation and shifting consumer demand toward cleaner transportation. PMID: not necessary. These companies had the highest dollar trading volume of any Electric Vehicle stocks within the last several days.

Tesla (TSLA)

Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.

TSLA stock traded down $5.02 during midday trading on Friday, reaching $330.56. The company had a trading volume of 74,099,060 shares, compared to its average volume of 90,268,784. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.04 and a quick ratio of 1.55. Tesla has a 1 year low of $202.59 and a 1 year high of $488.54. The company has a market capitalization of $1.07 trillion, a P/E ratio of 191.08, a P/E/G ratio of 11.67 and a beta of 2.33. The firm has a 50-day moving average price of $320.41 and a 200-day moving average price of $305.81.

Read Our Latest Research Report on TSLA

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 up $2.62 during trading on Friday, reaching $34.84. The company's stock had a trading volume of 20,874,072 shares, compared to its average volume of 9,366,818. Enphase Energy has a 52-week low of $29.89 and a 52-week high of $130.08. The company has a market cap of $4.56 billion, a price-to-earnings ratio of 27.22 and a beta of 1.59. The firm's 50-day moving average is $38.12 and its two-hundred day moving average is $48.87. The company has a quick ratio of 1.82, a current ratio of 1.97 and a debt-to-equity ratio of 0.65.

Read Our Latest Research Report on ENPH

Rivian Automotive (RIVN)

Rivian Automotive, Inc., together with its subsidiaries, designs, develops, manufactures, and sells electric vehicles and accessories. The company offers consumer vehicles, including a two-row, five-passenger pickup truck under the R1T brand, a three-row, seven-passenger sport utility vehicle under the R1S name.

NASDAQ:RIVN traded up $0.18 during midday trading on Friday, reaching $12.24. 51,919,853 shares of the stock traded hands, compared to its average volume of 41,021,380. The company has a fifty day moving average of $13.17 and a 200 day moving average of $12.94. Rivian Automotive has a 12 month low of $9.50 and a 12 month high of $17.15. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.72 and a current ratio of 3.44. The stock has a market capitalization of $13.84 billion, a P/E ratio of -3.79 and a beta of 1.80.

Read Our Latest Research Report on RIVN

SolarEdge Technologies (SEDG)

SolarEdge Technologies, Inc., together with its subsidiaries, designs, develops, manufactures, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in the United States, Germany, the Netherlands, Italy, rest of Europe, and internationally. It operates in two segments, Solar and Energy Storage.

NASDAQ:SEDG traded up $4.39 during midday trading on Friday, reaching $30.06. 13,686,228 shares of the stock traded hands, compared to its average volume of 4,526,925. The company has a fifty day moving average of $24.15 and a 200 day moving average of $18.61. SolarEdge Technologies has a 12 month low of $10.24 and a 12 month high of $32.59. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.42 and a current ratio of 1.94. The stock has a market capitalization of $1.78 billion, a P/E ratio of -1.00 and a beta of 1.56.

Read Our Latest Research Report on SEDG

Baidu (BIDU)

Baidu, Inc. engages in the provision of internet search services in China. It operates through two segments: Baidu Core and iQIYI. The company offers Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Baidu Health that helps users to find the doctor and hospital for healthcare needs; and Haokan, a short video app.

Shares of NASDAQ:BIDU traded up $1.12 on Friday, hitting $89.85. The company had a trading volume of 3,829,679 shares, compared to its average volume of 3,819,469. The firm's 50-day simple moving average is $87.61 and its two-hundred day simple moving average is $88.50. Baidu has a 1 year low of $74.71 and a 1 year high of $116.25. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $31.04 billion, a price-to-earnings ratio of 8.91 and a beta of 0.34.

Read Our Latest Research Report on BIDU

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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