Renewable Energy Stocks To Consider - August 2nd

Key Points

• Quanta Services, Southern, MasTec, Rockwell Automation, WEC Energy Group, Bank of New York Mellon, and EMCOR Group are identified as the top renewable energy stocks to watch today based on their recent high trading volumes.
• Investing in renewable energy stocks allows shareholders to benefit from the growth and innovations in the transition to clean power, which is influenced by government policies and technological advances.
• Quanta Services and Southern Company are highlighted for their significant market capitalizations of $58.59 billion and $104.37 billion, respectively, indicating their substantial roles in the renewable energy market.

Quanta Services, Southern, MasTec, Rockwell Automation, WEC Energy Group, Bank of New York Mellon, and EMCOR Group are the seven Renewable Energy stocks to watch today, according to MarketBeat's stock screener tool. Renewable energy stocks are shares of companies that develop, produce or distribute power from sustainable sources such as solar, wind, hydroelectric, geothermal and biomass. By investing in these equities, shareholders gain exposure to the growth and innovation driving the clean-power transition. Their performance often reflects government policies, technological advances and shifting consumer demand for low-carbon energy. 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.

Shares of PWR traded down $10.95 during mid-day trading on Friday, reaching $395.18. 2,094,000 shares of the company's stock traded hands, compared to its average volume of 1,116,995. The business's 50-day moving average price is $375.39 and its 200-day moving average price is $319.00. The stock has a market capitalization of $58.59 billion, a P/E ratio of 61.17, a price-to-earnings-growth ratio of 2.79 and a beta of 1.08. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.26 and a current ratio of 1.37. Quanta Services has a 12 month low of $227.08 and a 12 month high of $424.94.

Read Our Latest Research Report on PWR

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.

NYSE:SO traded up $0.48 during midday trading on Friday, hitting $94.96. 7,489,439 shares of the stock were exchanged, compared to its average volume of 4,934,255. Southern has a one year low of $80.46 and a one year high of $96.44. The company has a market capitalization of $104.37 billion, a price-to-earnings ratio of 24.41, a P/E/G ratio of 3.27 and a beta of 0.38. The business has a 50-day moving average price of $91.38 and a two-hundred day moving average price of $89.41. The company has a current ratio of 0.74, a quick ratio of 0.65 and a debt-to-equity ratio of 1.69.

Read Our Latest Research Report on SO

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.

NYSE:MTZ traded down $15.17 during midday trading on Friday, hitting $174.04. 3,637,842 shares of the stock were exchanged, compared to its average volume of 823,695. MasTec has a one year low of $89.96 and a one year high of $194.00. The company has a market capitalization of $13.73 billion, a price-to-earnings ratio of 51.49 and a beta of 1.83. The business has a 50-day moving average price of $169.01 and a two-hundred day moving average price of $145.11. The company has a current ratio of 1.22, a quick ratio of 1.18 and a debt-to-equity ratio of 0.69.

Read Our Latest Research Report on MTZ

Rockwell Automation (ROK)

Rockwell Automation, Inc. provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.

NYSE:ROK traded down $7.29 during midday trading on Friday, hitting $344.42. 1,087,024 shares of the stock were exchanged, compared to its average volume of 788,511. Rockwell Automation has a one year low of $215.00 and a one year high of $360.92. The company has a market capitalization of $38.82 billion, a price-to-earnings ratio of 43.38, a P/E/G ratio of 3.59 and a beta of 1.39. The business has a 50-day moving average price of $334.32 and a two-hundred day moving average price of $292.37. The company has a current ratio of 1.05, a quick ratio of 0.72 and a debt-to-equity ratio of 0.71.

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WEC Energy Group (WEC)

WEC Energy Group, Inc., through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. It operates through Wisconsin, Illinois, Other States, Electric Transmission, and Non-Utility Energy Infrastructure segments.

NYSE:WEC traded up $1.21 during midday trading on Friday, hitting $110.29. 3,367,369 shares of the stock were exchanged, compared to its average volume of 1,816,756. WEC Energy Group has a one year low of $86.76 and a one year high of $111.07. The company has a market capitalization of $35.20 billion, a price-to-earnings ratio of 21.13, a P/E/G ratio of 3.00 and a beta of 0.42. The business has a 50-day moving average price of $105.95 and a two-hundred day moving average price of $105.29. The company has a current ratio of 0.55, a quick ratio of 0.40 and a debt-to-equity ratio of 1.28.

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Bank of New York Mellon (BK)

The Bank of New York Mellon Corporation provides a range of financial products and services in the United States and internationally. The company operates through Securities Services, Market and Wealth Services, Investment and Wealth Management, and other segments. The Securities Services segment offers custody, trust and depositary, accounting, exchange-traded funds, middle-office solutions, transfer agency, services for private equity and real estate funds, foreign exchange, securities lending, liquidity/lending services, and data analytics.

NYSE:BK traded down $1.67 during midday trading on Friday, hitting $99.78. 3,665,800 shares of the stock were exchanged, compared to its average volume of 4,302,989. Bank of New York Mellon has a one year low of $60.93 and a one year high of $103.16. The company has a market capitalization of $71.39 billion, a price-to-earnings ratio of 15.23, a P/E/G ratio of 0.99 and a beta of 1.12. The business has a 50-day moving average price of $93.13 and a two-hundred day moving average price of $86.84. The company has a current ratio of 0.72, a quick ratio of 0.69 and a debt-to-equity ratio of 0.86.

Read Our Latest Research Report on BK

EMCOR Group (EME)

EMCOR Group, Inc. provides construction and facilities, building, and industrial services in the United States and the United Kingdom. It offers design, integration, installation, start-up, operation, and maintenance services related to power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation; low-voltage systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; computerized traffic control systems, and signal and communication equipment; heating, ventilation, air conditioning, refrigeration, and geothermal solutions; clean-room process ventilation systems; fire protection and suppression systems; plumbing, process, and high-purity piping systems; controls and filtration systems; water and wastewater treatment systems; central plant heating and cooling systems; crane and rigging services; millwright services; and steel fabrication, erection, and welding services.

Shares of NYSE EME traded down $2.03 during trading on Friday, hitting $625.46. The company had a trading volume of 508,793 shares, compared to its average volume of 374,236. The company has a market cap of $27.99 billion, a P/E ratio of 25.95 and a beta of 1.24. EMCOR Group has a 52 week low of $319.49 and a 52 week high of $667.64. The business's 50-day moving average is $527.75 and its 200 day moving average is $457.25. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.14 and a current ratio of 1.18.

Read Our Latest Research Report on EME

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