Water Stocks To Add to Your Watchlist - August 2nd

Key Points

• NuScale Power, Home Depot, and CocaCola are identified as the top three water stocks to watch as they deal with various aspects of the water sector, including treatment and distribution.
• NuScale Power specializes in modular nuclear reactor technology, trading at $44.45 with a market cap of $12.64 billion, while Home Depot and CocaCola also show significant trading volumes and financial metrics.
• Investors are interested in water stocks due to their potential for stable long-term demand and as a means to diversify portfolios with defensive asset classes.

NuScale Power, Home Depot, and CocaCola are the three Water stocks to watch today, according to MarketBeat's stock screener tool. Water stocks are shares of publicly traded companies operating in the water sector, including utilities, infrastructure builders and technology or equipment suppliers. These firms focus on water treatment, distribution, desalination, wastewater management and resource conservation. Investors use water stocks to gain exposure to a vital, scarce resource and to diversify into a defensive asset class with stable long-term demand. These companies had the highest dollar trading volume of any Water stocks within the last several days.

NuScale Power (SMR)

NuScale Power Corporation engages in the development and sale of modular light water reactor nuclear power plants to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications. It offers NuScale Power Module (NPM), a water reactor that can generate 77 megawatts of electricity (MWe); and VOYGR power plant designs for three facility sizes that are capable of housing from one to four and six or twelve NPMs.

NYSE:SMR traded down $5.76 during trading hours on Friday, reaching $44.45. 26,301,769 shares of the stock were exchanged, compared to its average volume of 11,693,447. The stock has a market capitalization of $12.64 billion, a P/E ratio of -32.45 and a beta of 2.06. The firm has a 50 day simple moving average of $39.77 and a 200-day simple moving average of $26.24. NuScale Power has a 52 week low of $6.88 and a 52 week high of $53.50.

Read Our Latest Research Report on SMR

Home Depot (HD)

The Home Depot, Inc. operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.

HD traded up $6.04 during trading hours on Friday, hitting $373.55. 3,006,523 shares of the stock were exchanged, compared to its average volume of 3,078,285. The stock has a market cap of $371.66 billion, a price-to-earnings ratio of 25.34, a price-to-earnings-growth ratio of 3.49 and a beta of 1.00. The stock has a 50-day simple moving average of $365.84 and a 200-day simple moving average of $373.39. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28. Home Depot has a 12 month low of $326.31 and a 12 month high of $439.37.

Read Our Latest Research Report on HD

CocaCola (KO)

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

Shares of CocaCola stock traded up $0.98 during trading hours on Friday, reaching $68.87. The company's stock had a trading volume of 16,100,345 shares, compared to its average volume of 15,716,578. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.98 and a current ratio of 1.21. CocaCola has a one year low of $60.62 and a one year high of $74.38. The company's 50 day simple moving average is $70.33 and its 200 day simple moving average is $69.58. The stock has a market cap of $296.39 billion, a P/E ratio of 24.42, a price-to-earnings-growth ratio of 3.53 and a beta of 0.45.

Read Our Latest Research Report on KO

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