Promising Solar Stocks To Follow Now - August 4th

Key Points

• MarketBeat highlights five key solar stocks to watch, including Tesla, Berkshire Hathaway, GE Vernova, Vistra, and Constellation Energy, which demonstrate significant trading volume and potential in the solar energy sector.
• Tesla's stock (TSLA) recently traded at $309.01 with a market capitalization of $996.71 billion, showcasing its robust performance despite fluctuating prices over the past year.
• Berkshire Hathaway (BRK.B) reported a decrease in stock value to $456.20, with a diverse portfolio that includes insurance, utilities, and energy generation from various sources, highlighting its significant market presence.

Tesla, Berkshire Hathaway, GE Vernova, Vistra, and Constellation Energy are the five Solar stocks to watch today, according to MarketBeat's stock screener tool. Solar stocks are the publicly traded shares of companies engaged in the solar energy sector—ranging from manufacturers of photovoltaic panels and inverters to developers and operators of solar power plants. Their market performance is shaped by factors such as technological advances, government incentives for clean energy, and overall demand for renewable 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.

Shares of TSLA stock traded up $6.38 during trading hours on Monday, reaching $309.01. The company had a trading volume of 57,873,572 shares, compared to its average volume of 107,572,703. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 2.04. The firm has a market cap of $996.71 billion, a PE ratio of 178.55, a price-to-earnings-growth ratio of 10.63 and a beta of 2.33. The business has a fifty day moving average price of $322.22 and a 200-day moving average price of $310.31. Tesla has a one year low of $182.00 and a one year high of $488.54.

Read Our Latest Research Report on TSLA

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 BRK.B traded down $16.64 on Monday, reaching $456.20. The company's stock had a trading volume of 6,761,040 shares, compared to its average volume of 4,872,497. The stock has a market capitalization of $984.17 billion, a P/E ratio of 12.16, a PEG ratio of 3.29 and a beta of 0.81. The stock's 50 day simple moving average is $485.54 and its two-hundred day simple moving average is $497.10. Berkshire Hathaway has a 12-month low of $406.11 and a 12-month high of $542.07.

Read Our Latest Research Report on BRK.B

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.

NYSE:GEV traded up $6.42 during trading hours on Monday, hitting $662.92. 1,395,663 shares of the stock traded hands, compared to its average volume of 3,657,424. GE Vernova has a 1 year low of $150.01 and a 1 year high of $677.29. The company has a market cap of $180.46 billion, a price-to-earnings ratio of 159.75, a price-to-earnings-growth ratio of 4.54 and a beta of 1.90. The stock has a 50 day moving average price of $530.40 and a 200 day moving average price of $416.15.

Read Our Latest Research Report on GEV

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.

NYSE:VST traded up $6.53 during trading hours on Monday, hitting $214.58. 2,537,916 shares of the stock traded hands, compared to its average volume of 7,328,612. The company has a quick ratio of 0.77, a current ratio of 0.86 and a debt-to-equity ratio of 6.53. Vistra has a 1 year low of $66.50 and a 1 year high of $215.13. The company has a market cap of $72.81 billion, a price-to-earnings ratio of 33.76, a price-to-earnings-growth ratio of 2.53 and a beta of 1.30. The stock has a 50 day moving average price of $184.27 and a 200 day moving average price of $155.02.

Read Our Latest Research Report on VST

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.

NASDAQ:CEG traded up $15.29 during trading hours on Monday, hitting $356.06. 1,399,379 shares of the stock traded hands, compared to its average volume of 3,842,755. Constellation Energy has a 1 year low of $155.60 and a 1 year high of $357.00. The stock has a 50 day moving average price of $313.35 and a 200 day moving average price of $274.73. The company has a quick ratio of 1.24, a current ratio of 1.47 and a debt-to-equity ratio of 0.79. The company has a market cap of $111.59 billion, a price-to-earnings ratio of 37.55, a price-to-earnings-growth ratio of 2.64 and a beta of 1.12.

Read Our Latest Research Report on CEG

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.