Solar Stocks To Follow Now - July 7th

Tesla, Berkshire Hathaway, Wolfspeed, GE Vernova, NextEra Energy, Vistra, and First Solar are the seven Solar stocks to watch today, according to MarketBeat's stock screener tool. Solar stocks are publicly traded shares of companies involved in the development, manufacture or installation of solar energy technologies—such as photovoltaic panels, solar thermal systems and related equipment. By buying these shares, investors gain exposure to the solar power industry’s growth prospects, which are driven by technological innovation, government incentives and rising global demand for clean energy. Their performance can be volatile, however, since it often hinges on policy changes, commodity prices and competitive pressures. 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.

TSLA stock traded down $21.25 during midday trading on Monday, hitting $294.10. The company's stock had a trading volume of 110,611,285 shares, compared to its average volume of 100,977,117. The company has a market cap of $947.28 billion, a PE ratio of 161.59, a P/E/G ratio of 9.17 and a beta of 2.39. Tesla has a 12 month low of $182.00 and a 12 month high of $488.54. The company has a current ratio of 2.00, a quick ratio of 1.54 and a debt-to-equity ratio of 0.07. The firm's 50-day moving average is $320.93 and its 200-day moving average is $324.35.

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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 down $7.32 during midday trading on Monday, hitting $477.68. 2,937,605 shares of the stock traded hands, compared to its average volume of 4,413,633. The firm has a 50-day moving average of $501.35 and a two-hundred day moving average of $493.84. The firm has a market capitalization of $1.03 trillion, a P/E ratio of 12.73, a PEG ratio of 3.37 and a beta of 0.83. Berkshire Hathaway has a one year low of $406.11 and a one year high of $542.07.

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Wolfspeed (WOLF)

Wolfspeed, Inc. operates as a powerhouse semiconductor company focuses on silicon carbide and gallium nitride (GaN) technologies in Europe, Hong Kong, China, rest of Asia-Pacific, the United States, and internationally. It offers silicon carbide and GaN materials, including silicon carbide bare wafers, epitaxial wafers, and GaN epitaxial layers on silicon carbide wafers to manufacture products for RF, power, and other applications.

Wolfspeed stock traded up $1.19 during trading on Monday, reaching $2.37. The company had a trading volume of 408,557,448 shares, compared to its average volume of 24,887,280. The company has a current ratio of 4.64, a quick ratio of 3.90 and a debt-to-equity ratio of 30.65. The firm's 50-day simple moving average is $2.04 and its 200 day simple moving average is $4.12. The firm has a market capitalization of $368.06 million, a price-to-earnings ratio of -0.28 and a beta of 1.09. Wolfspeed has a 52 week low of $0.39 and a 52 week high of $25.49.

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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 GE Vernova stock traded up $10.79 during trading on Monday, reaching $527.83. 1,650,602 shares of the stock traded hands, compared to its average volume of 3,307,155. The company has a market capitalization of $144.06 billion, a price-to-earnings ratio of 76.06, a P/E/G ratio of 3.98 and a beta of 1.86. The business has a fifty day simple moving average of $461.19 and a two-hundred day simple moving average of $383.54. GE Vernova has a 52-week low of $150.01 and a 52-week high of $532.59.

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NextEra Energy (NEE)

NextEra Energy, Inc., through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.

NEE traded up $0.60 on Monday, hitting $74.48. The company had a trading volume of 7,355,776 shares, compared to its average volume of 12,484,312. The company has a market cap of $153.33 billion, a PE ratio of 27.90, a PEG ratio of 2.60 and a beta of 0.67. NextEra Energy has a 12-month low of $61.72 and a 12-month high of $86.10. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.32. The business's fifty day simple moving average is $70.62 and its 200 day simple moving average is $70.15.

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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.

VST traded up $1.11 on Monday, hitting $193.31. The company had a trading volume of 2,755,813 shares, compared to its average volume of 7,687,511. The company has a quick ratio of 0.77, a current ratio of 0.86 and a debt-to-equity ratio of 6.53. The company has a market cap of $65.59 billion, a PE ratio of 30.39, a PEG ratio of 2.26 and a beta of 1.26. Vistra has a 12-month low of $66.50 and a 12-month high of $199.84. The business's fifty day simple moving average is $164.42 and its 200 day simple moving average is $149.20.

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First Solar (FSLR)

First Solar, Inc., a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, Japan, Chile, and internationally. The company manufactures and sells PV solar modules with a thin film semiconductor technology that provides a lower-carbon alternative to conventional crystalline silicon PV solar modules.

NASDAQ FSLR traded down $8.34 during trading on Monday, hitting $176.69. The stock had a trading volume of 2,805,000 shares, compared to its average volume of 3,235,533. The stock has a 50 day simple moving average of $156.66 and a 200 day simple moving average of $154.48. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.39 and a current ratio of 1.93. First Solar has a one year low of $116.56 and a one year high of $262.72. The stock has a market capitalization of $18.95 billion, a price-to-earnings ratio of 15.03, a P/E/G ratio of 0.37 and a beta of 1.52.

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