Solar Stocks Worth Watching – June 2nd

Tesla, Berkshire Hathaway, and GE Vernova are the three Solar stocks to watch today, according to MarketBeat’s stock screener tool. Solar stocks are shares of publicly traded companies that develop, manufacture or install solar energy technologies, such as photovoltaic panels and solar farms. By investing in these equities, investors seek exposure to the growth of renewable energy as governments and businesses shift away from fossil fuels. While they can offer strong upside if solar adoption accelerates, they also carry risks from changing regulations, technological shifts and fluctuations in energy markets. 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 Tesla stock traded down $5.82 during trading on Monday, reaching $340.64. The company’s stock had a trading volume of 61,666,929 shares, compared to its average volume of 98,014,523. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. The business has a 50 day moving average price of $286.92 and a 200-day moving average price of $334.13. Tesla has a 12-month low of $167.41 and a 12-month high of $488.54. The company has a market capitalization of $1.10 trillion, a P/E ratio of 166.63, a price-to-earnings-growth ratio of 5.86 and a beta of 2.43.

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 down $2.11 during mid-day trading on Monday, reaching $501.86. The company’s stock had a trading volume of 2,602,544 shares, compared to its average volume of 4,336,400. The firm has a market capitalization of $1.08 trillion, a PE ratio of 10.13, a price-to-earnings-growth ratio of 3.45 and a beta of 0.88. Berkshire Hathaway has a 12-month low of $403.33 and a 12-month high of $542.07. The company’s 50 day simple moving average is $517.17 and its 200-day simple moving average is $490.09.

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 NYSE GEV traded up $9.93 during midday trading on Monday, reaching $482.91. The company’s stock had a trading volume of 1,563,172 shares, compared to its average volume of 3,341,395. The company has a 50 day moving average price of $371.84 and a 200 day moving average price of $355.59. GE Vernova has a one year low of $150.01 and a one year high of $489.13. The company has a market cap of $131.80 billion and a price-to-earnings ratio of 86.59.