Promising Renewable Energy Stocks To Follow Now - August 1st

Key Points

• Quanta Services, MasTec, and Southern are identified as the top Renewable Energy stocks to watch, reflecting significant trading volume and interest in the sector amid a global shift towards low-carbon energy sources.
• Quanta Services has a market cap of $58.54 billion and has seen a substantial price range over the past year, with a 52-week low of $227.08 and high of $424.94.
• MasTec and Southern also show promising performance with MasTec trading at $169.63 and a market cap of $13.38 billion, while Southern has a market cap of $104.77 billion and a P/E ratio of 22.75.

Quanta Services, MasTec, and Southern are the three Renewable Energy stocks to watch today, according to MarketBeat's stock screener tool. Renewable energy stocks are shares of companies involved in generating power from sustainable sources—such as solar, wind, hydro, geothermal and biomass—and in manufacturing the technologies that enable these industries. Investing in them offers exposure to the global shift toward low-carbon energy and potential growth fueled by supportive policies and technological advances, though returns can be affected by regulatory changes and infrastructure challenges. These companies had the highest dollar trading volume of any Renewable Energy stocks within the last several days.

Quanta Services (PWR)

Quanta Services, Inc. provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries in the United States, Canada, Australia, and internationally. The company's Electric Power Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; installation, maintenance, and upgrade of electric power infrastructure projects; installation of smart grid technologies on electric power networks; and design, installation, maintenance, and repair of commercial and industrial wirings.

Quanta Services stock traded down $11.31 during mid-day trading on Friday, reaching $394.82. 1,362,786 shares of the company traded hands, compared to its average volume of 1,442,439. The firm has a market capitalization of $58.54 billion, a price-to-earnings ratio of 63.68, a P/E/G ratio of 2.83 and a beta of 1.08. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.31 and a quick ratio of 1.26. Quanta Services has a 52-week low of $227.08 and a 52-week high of $424.94. The firm's 50 day moving average price is $374.19 and its 200 day moving average price is $318.48.

Read Our Latest Research Report on PWR

MasTec (MTZ)

MasTec, Inc., an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily in the United States and Canada. It operates through five segments: Communications, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other.

Shares of NYSE:MTZ traded down $19.59 during trading on Friday, reaching $169.63. 2,262,115 shares of the stock traded hands, compared to its average volume of 1,047,348. The stock has a 50-day moving average of $168.58 and a two-hundred day moving average of $144.95. MasTec has a 52-week low of $89.96 and a 52-week high of $194.00. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.18 and a current ratio of 1.22. The stock has a market cap of $13.38 billion, a P/E ratio of 62.36 and a beta of 1.75.

Read Our Latest Research Report on MTZ

Southern (SO)

The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. The company also develops, constructs, acquires, owns, and manages power generation assets, including renewable energy projects and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, and Tennessee, as well as provides gas marketing services, gas distribution operations, and gas pipeline investments operations.

Shares of Southern stock traded up $0.85 on Friday, hitting $95.33. 3,621,072 shares of the company's stock were exchanged, compared to its average volume of 5,176,053. The company has a 50-day simple moving average of $91.27 and a 200-day simple moving average of $89.32. The stock has a market capitalization of $104.77 billion, a PE ratio of 22.75, a PEG ratio of 3.28 and a beta of 0.38. Southern has a 1 year low of $80.46 and a 1 year high of $96.44. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.65 and a current ratio of 0.86.

Read Our Latest Research Report on SO

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