Promising Solar Stocks To Add to Your Watchlist - July 30th

Key Points

• Seven solar stocks to watch include Tesla, GE Vernova, Berkshire Hathaway, and others, identified for their high trading volume and potential growth in the renewable energy sector.
• Tesla's stock recently traded at $316.86, while GE Vernova's stock reached $653.25, reflecting significant market engagement in the energy sector.
• Berkshire Hathaway and American Electric Power are also notable players, with market caps of over $1 trillion, indicative of their substantial influence in energy generation and storage.

Tesla, GE Vernova, Berkshire Hathaway, Vistra, American Electric Power, Generac, and Constellation Energy are the seven Solar stocks to watch today, according to MarketBeat's stock screener tool. Solar stocks are shares of companies whose primary business involves the production, distribution, or installation of solar energy technologies, such as photovoltaic panels, solar inverters, and related mounting systems. Investors buy these equities to gain exposure to the growth of the renewable energy sector and to potentially benefit from government incentives, technological advances, and rising demand for clean power. These companies had the highest dollar trading volume of any Solar 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.

NASDAQ:TSLA traded down $4.35 during mid-day trading on Wednesday, reaching $316.86. 52,267,968 shares of the company were exchanged, compared to its average volume of 107,973,602. Tesla has a 12 month low of $182.00 and a 12 month high of $488.54. The company has a fifty day moving average of $323.92 and a 200 day moving average of $313.10. The company has a quick ratio of 1.55, a current ratio of 2.04 and a debt-to-equity ratio of 0.07. The stock has a market cap of $1.02 trillion, a PE ratio of 183.36, a PEG ratio of 11.13 and a beta of 2.39.

Read Our Latest Research Report on TSLA

GE Vernova (GEV)

GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.

Shares of NYSE GEV traded up $20.58 during mid-day trading on Wednesday, hitting $653.25. The company's stock had a trading volume of 1,754,289 shares, compared to its average volume of 3,672,369. The stock has a market cap of $177.83 billion, a price-to-earnings ratio of 157.01, a price-to-earnings-growth ratio of 4.48 and a beta of 1.86. GE Vernova has a one year low of $150.01 and a one year high of $656.17. The company's fifty day simple moving average is $518.51 and its 200-day simple moving average is $410.15.

Read Our Latest Research Report on GEV

Berkshire Hathaway (BRK.B)

Berkshire Hathaway Inc., through its subsidiaries, engages in the insurance, freight rail transportation, and utility businesses worldwide. The company provides property, casualty, life, accident, and health insurance and reinsurance; and operates railroad systems in North America. It also generates, transmits, stores, and distributes electricity from natural gas, coal, wind, solar, hydroelectric, nuclear, and geothermal sources; operates natural gas distribution and storage facilities, interstate pipelines, liquefied natural gas facilities, and compressor and meter stations; and holds interest in coal mining assets.

Shares of NYSE BRK.B traded up $2.26 during mid-day trading on Wednesday, hitting $478.82. The company's stock had a trading volume of 1,780,090 shares, compared to its average volume of 4,832,205. The stock has a market cap of $1.03 trillion, a price-to-earnings ratio of 12.73, a price-to-earnings-growth ratio of 3.35 and a beta of 0.83. Berkshire Hathaway has a one year low of $406.11 and a one year high of $542.07. The company's fifty day simple moving average is $487.39 and its 200-day simple moving average is $496.39.

Read Our Latest Research Report on BRK.B

Vistra (VST)

Vistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company. The company operates through six segments: Retail, Texas, East, West, Sunset, and Asset Closure. It retails electricity and natural gas to residential, commercial, and industrial customers across states in the United States and the District of Columbia.

Shares of NYSE VST traded up $9.22 during mid-day trading on Wednesday, hitting $207.22. The company's stock had a trading volume of 2,837,507 shares, compared to its average volume of 7,365,016. The stock has a market cap of $70.31 billion, a price-to-earnings ratio of 32.59, a price-to-earnings-growth ratio of 2.31 and a beta of 1.26. The company has a debt-to-equity ratio of 6.53, a current ratio of 0.86 and a quick ratio of 0.77. Vistra has a one year low of $66.50 and a one year high of $207.12. The company's fifty day simple moving average is $180.28 and its 200-day simple moving average is $153.99.

Read Our Latest Research Report on VST

American Electric Power (AEP)

American Electric Power Company, Inc., an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.

Shares of NASDAQ AEP traded up $4.72 during mid-day trading on Wednesday, hitting $113.94. The company's stock had a trading volume of 4,872,167 shares, compared to its average volume of 3,555,615. The stock has a market cap of $60.86 billion, a price-to-earnings ratio of 21.94, a price-to-earnings-growth ratio of 2.87 and a beta of 0.42. The company's fifty day simple moving average is $103.96 and its 200-day simple moving average is $103.63. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.42 and a quick ratio of 0.31. American Electric Power has a one year low of $89.91 and a one year high of $114.23.

Read Our Latest Research Report on AEP

Generac (GNRC)

Generac Holdings Inc. designs, manufactures, and distributes various energy technology products and solution worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; Mobile Link, a remote monitoring system for home standby generators; residential storage solution, which consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; smart home solutions, such as smart thermostats and a suite of home monitoring products.

Shares of NYSE:GNRC traded up $27.98 during mid-day trading on Wednesday, reaching $179.30. The stock had a trading volume of 2,747,622 shares, compared to its average volume of 900,380. The firm has a market cap of $10.59 billion, a PE ratio of 30.98, a price-to-earnings-growth ratio of 1.41 and a beta of 1.72. The firm has a 50 day simple moving average of $138.01 and a two-hundred day simple moving average of $133.87. The company has a current ratio of 1.97, a quick ratio of 0.89 and a debt-to-equity ratio of 0.48. Generac has a twelve month low of $99.50 and a twelve month high of $195.94.

Read Our Latest Research Report on GNRC

Constellation Energy (CEG)

Constellation Energy Corporation generates and sells electricity in the United States. It operates through five segments: Mid-Atlantic, Midwest, New York, ERCOT, and Other Power Regions. The company sells natural gas, energy-related products, and sustainable solutions. It has approximately 33,094 megawatts of generating capacity consisting of nuclear, wind, solar, natural gas, and hydroelectric assets.

Shares of NASDAQ:CEG traded up $17.12 during mid-day trading on Wednesday, reaching $347.64. The stock had a trading volume of 1,415,271 shares, compared to its average volume of 3,856,925. The firm has a market cap of $108.96 billion, a PE ratio of 36.63, a price-to-earnings-growth ratio of 2.53 and a beta of 1.12. The firm has a 50 day simple moving average of $310.19 and a two-hundred day simple moving average of $273.87. The company has a current ratio of 1.47, a quick ratio of 1.24 and a debt-to-equity ratio of 0.79. Constellation Energy has a twelve month low of $155.60 and a twelve month high of $352.00.

Read Our Latest Research Report on CEG

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