Renewable Energy Stocks To Add to Your Watchlist – July 18th

Bank of New York Mellon, Quanta Services, and Southern are the three Renewable Energy stocks to watch today, according to MarketBeat’s stock screener tool. Renewable energy stocks are shares of companies that generate power from sustainable sources such as solar, wind, hydro and geothermal, or that manufacture the equipment and provide services supporting these technologies. They give investors exposure to the clean-energy sector, which is driven by efforts to reduce carbon emissions and transition to a low-carbon economy. While offering the potential for long-term growth and alignment with ESG goals, these stocks also carry risks related to changing regulations, technological advances and market competition. These companies had the highest dollar trading volume of any Renewable Energy stocks within the last several days.

Bank of New York Mellon (BK)

The Bank of New York Mellon Corporation provides a range of financial products and services in the United States and internationally. The company operates through Securities Services, Market and Wealth Services, Investment and Wealth Management, and other segments. The Securities Services segment offers custody, trust and depositary, accounting, exchange-traded funds, middle-office solutions, transfer agency, services for private equity and real estate funds, foreign exchange, securities lending, liquidity/lending services, and data analytics.

Shares of NYSE BK traded up $0.72 during trading on Friday, reaching $98.64. The company had a trading volume of 2,680,458 shares, compared to its average volume of 4,128,349. Bank of New York Mellon has a 52 week low of $60.93 and a 52 week high of $98.85. The stock has a market cap of $70.57 billion, a PE ratio of 15.06, a PEG ratio of 1.01 and a beta of 1.07. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.69 and a current ratio of 0.72. The business’s 50 day moving average price is $90.58 and its 200-day moving average price is $85.07.

Quanta Services (PWR)

Quanta Services, Inc. provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries in the United States, Canada, Australia, and internationally. The company’s Electric Power Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; installation, maintenance, and upgrade of electric power infrastructure projects; installation of smart grid technologies on electric power networks; and design, installation, maintenance, and repair of commercial and industrial wirings.

Shares of NYSE:PWR traded up $4.75 during trading on Friday, hitting $402.65. 559,890 shares of the company’s stock were exchanged, compared to its average volume of 1,434,771. Quanta Services has a 1-year low of $227.08 and a 1-year high of $405.43. The firm has a 50-day moving average price of $360.62 and a two-hundred day moving average price of $312.29. The company has a current ratio of 1.31, a quick ratio of 1.26 and a debt-to-equity ratio of 0.58. The firm has a market cap of $59.70 billion, a P/E ratio of 64.94, a PEG ratio of 3.03 and a beta of 1.08.

Southern (SO)

The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. The company also develops, constructs, acquires, owns, and manages power generation assets, including renewable energy projects and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, and Tennessee, as well as provides gas marketing services, gas distribution operations, and gas pipeline investments operations.

Shares of NYSE:SO traded up $0.74 during trading on Friday, hitting $94.07. 2,235,285 shares of the company’s stock were exchanged, compared to its average volume of 4,724,973. Southern has a 1-year low of $80.46 and a 1-year high of $94.62. The firm has a 50-day moving average price of $89.96 and a two-hundred day moving average price of $88.43. The company has a current ratio of 0.86, a quick ratio of 0.65 and a debt-to-equity ratio of 1.69. The firm has a market cap of $103.39 billion, a P/E ratio of 22.44, a PEG ratio of 3.23 and a beta of 0.38.