Promising Water Stocks Worth Watching – July 16th

Progressive, Home Depot, PepsiCo, CocaCola, NuScale Power, Rockwell Automation, and Talen Energy are the seven Water stocks to watch today, according to MarketBeat’s stock screener tool. Water stocks are shares of publicly traded companies whose primary businesses involve the supply, treatment, distribution or infrastructure of freshwater resources. Investing in water stocks gives exposure to a critical, finite resource whose demand is rising due to population growth, urbanization and climate-driven water stress. These companies had the highest dollar trading volume of any Water stocks within the last several days.

Progressive (PGR)

The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, business related general liability, and other specialty property-casualty insurance products and related services in the United States. It operates in three segments: Personal Lines, Commercial Lines, and Property.

Shares of NYSE:PGR traded up $4.20 during trading on Wednesday, reaching $246.40. 4,052,345 shares of the stock were exchanged, compared to its average volume of 2,836,767. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.29 and a quick ratio of 0.29. Progressive has a 1-year low of $208.13 and a 1-year high of $292.99. The stock has a fifty day moving average of $269.97 and a two-hundred day moving average of $265.77. The firm has a market cap of $144.45 billion, a price-to-earnings ratio of 16.65, a price-to-earnings-growth ratio of 1.56 and a beta of 0.37.

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.

Shares of NYSE:HD traded down $1.38 during trading on Wednesday, reaching $357.26. 2,212,310 shares of the stock were exchanged, compared to its average volume of 3,429,327. 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 1-year low of $326.31 and a 1-year high of $439.37. The stock has a fifty day moving average of $366.31 and a two-hundred day moving average of $375.02. The firm has a market cap of $355.45 billion, a price-to-earnings ratio of 24.27, a price-to-earnings-growth ratio of 3.52 and a beta of 1.00.

PepsiCo (PEP)

PepsiCo, Inc. engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.

NASDAQ:PEP traded up $1.10 during trading hours on Wednesday, hitting $134.91. 5,739,016 shares of the company traded hands, compared to its average volume of 7,097,812. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 2.13. The firm’s 50-day simple moving average is $131.62 and its 200-day simple moving average is $141.33. PepsiCo has a one year low of $127.60 and a one year high of $180.91. The company has a market cap of $184.97 billion, a PE ratio of 19.87, a PEG ratio of 4.24 and a beta of 0.45.

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.

NYSE:KO traded down $0.03 during trading hours on Wednesday, hitting $69.34. 7,918,912 shares of the company traded hands, compared to its average volume of 16,314,407. The company has a quick ratio of 0.89, a current ratio of 1.10 and a debt-to-equity ratio of 1.57. The firm’s 50-day simple moving average is $70.80 and its 200-day simple moving average is $68.95. CocaCola has a one year low of $60.62 and a one year high of $74.38. The company has a market cap of $298.44 billion, a PE ratio of 27.76, a PEG ratio of 3.64 and a beta of 0.45.

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 up $2.07 during trading hours on Wednesday, hitting $45.05. 11,005,156 shares of the company traded hands, compared to its average volume of 9,987,091. The firm’s 50-day simple moving average is $32.97 and its 200-day simple moving average is $23.69. NuScale Power has a one year low of $6.88 and a one year high of $45.31. The company has a market cap of $12.81 billion, a PE ratio of -32.96 and a beta of 2.04.

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.

Shares of Rockwell Automation stock traded up $5.57 during trading hours on Wednesday, hitting $352.16. 898,108 shares of the company’s stock traded hands, compared to its average volume of 864,710. Rockwell Automation has a 12-month low of $215.00 and a 12-month high of $353.53. The stock has a market capitalization of $39.70 billion, a price-to-earnings ratio of 44.39, a PEG ratio of 3.86 and a beta of 1.38. The company has a fifty day simple moving average of $320.92 and a 200-day simple moving average of $285.84. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.05 and a quick ratio of 0.72.

Talen Energy (TLN)

Talen Energy Corporation is a U.S.-based energy and power generation company. The Company owns or controls approximately 16,000 megawatts of capacity in wholesale power markets, principally in the Northeast, Mid-Atlantic and Southwest regions of the United States. The Company generates and sells electricity, capacity and related products from power plants that use fuel sources, such as nuclear, natural gas and coal.

Shares of Talen Energy stock traded down $3.08 during trading hours on Wednesday, hitting $265.07. 1,166,888 shares of the company’s stock traded hands, compared to its average volume of 1,090,891. Talen Energy has a 12-month low of $98.50 and a 12-month high of $301.70. The stock has a market capitalization of $12.06 billion, a price-to-earnings ratio of 27.47, a PEG ratio of 6.79 and a beta of 1.85. The company has a fifty day simple moving average of $263.90 and a 200-day simple moving average of $230.65. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.62 and a quick ratio of 1.20.