Solar Stocks To Add to Your Watchlist – May 2nd

Tesla, Berkshire Hathaway, GE Vernova, Constellation Energy, and NextEra Energy are the five Solar stocks to watch today, according to MarketBeat’s stock screener tool. Solar stocks are publicly traded shares of companies involved in the solar energy sector—ranging from manufacturers of photovoltaic panels and inverters to developers and operators of solar power plants and installers of rooftop systems. Investors buy solar stocks to gain exposure to the renewable energy market, which is propelled by rising environmental concerns, technological advances, and supportive government policies. 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 $12.91 during trading hours on Friday, hitting $293.43. 80,024,683 shares of the company’s stock traded hands, compared to its average volume of 95,630,137. Tesla has a 12-month low of $167.41 and a 12-month high of $488.54. The stock’s fifty day simple moving average is $259.13 and its two-hundred day simple moving average is $324.00. The stock has a market cap of $945.12 billion, a price-to-earnings ratio of 144.11, a PEG ratio of 5.86 and a beta of 2.58. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08.

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 stock traded up $8.63 during trading hours on Friday, reaching $538.86. The company had a trading volume of 2,535,297 shares, compared to its average volume of 4,150,488. The business has a fifty day moving average price of $516.64 and a 200-day moving average price of $482.36. Berkshire Hathaway has a one year low of $397.88 and a one year high of $539.56. The firm has a market cap of $1.16 trillion, a PE ratio of 10.89, a price-to-earnings-growth ratio of 3.45 and a beta of 0.80.

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 $17.23 on Friday, reaching $399.52. 2,529,524 shares of the stock were exchanged, compared to its average volume of 3,333,571. The company’s 50-day simple moving average is $321.22 and its two-hundred day simple moving average is $335.37. The firm has a market capitalization of $109.04 billion and a PE ratio of 71.78. GE Vernova has a one year low of $150.01 and a one year high of $447.50.

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 CEG traded up $9.49 during mid-day trading on Friday, hitting $250.11. 1,978,105 shares of the stock were exchanged, compared to its average volume of 3,696,709. The firm has a 50-day moving average of $214.93 and a two-hundred day moving average of $248.81. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.43 and a current ratio of 1.57. Constellation Energy has a 52-week low of $155.60 and a 52-week high of $352.00. The company has a market cap of $78.36 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 2.67 and a beta of 1.00.

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.

Shares of NYSE NEE traded up $0.90 during midday trading on Friday, hitting $66.95. The company’s stock had a trading volume of 6,539,035 shares, compared to its average volume of 10,788,199. The firm has a market cap of $137.82 billion, a P/E ratio of 19.86, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. NextEra Energy has a 12-month low of $61.72 and a 12-month high of $86.10. The business’s 50 day moving average is $69.10 and its two-hundred day moving average is $72.31.