Promising Solar Stocks Worth Watching – August 14th

Tesla, GE Vernova, Berkshire Hathaway, Vistra, and Lumentum are the five Solar stocks to watch today, according to MarketBeat’s stock screener tool. Solar stocks are shares of publicly traded companies involved in the solar energy industry, including manufacturers of photovoltaic panels, installers of solar systems, and providers of related components or services. Investors buy these stocks to gain exposure to the solar sector’s growth potential as countries shift toward renewable energy. Performance in this segment often correlates with government incentives, technological advances, and changes in energy policy. 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.

Tesla stock traded down $5.86 during mid-day trading on Thursday, hitting $333.52. The company’s stock had a trading volume of 53,400,065 shares, compared to its average volume of 106,020,500. Tesla has a twelve month low of $202.59 and a twelve month high of $488.54. The company has a quick ratio of 1.55, a current ratio of 2.04 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $1.08 trillion, a P/E ratio of 192.96, a P/E/G ratio of 11.85 and a beta of 2.33. The stock’s fifty day moving average price is $318.69 and its two-hundred day moving average price is $306.71.

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 down $12.31 during trading on Thursday, reaching $622.00. 1,743,977 shares of the company traded hands, compared to its average volume of 3,584,918. The firm has a fifty day simple moving average of $558.05 and a 200 day simple moving average of $429.11. The firm has a market cap of $169.32 billion, a P/E ratio of 149.89, a price-to-earnings-growth ratio of 4.54 and a beta of 1.90. GE Vernova has a 1-year low of $173.07 and a 1-year high of $677.29.

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.

Berkshire Hathaway stock traded down $0.23 on Thursday, reaching $477.08. 2,144,066 shares of the stock were exchanged, compared to its average volume of 4,872,601. The firm has a fifty day moving average price of $479.85 and a two-hundred day moving average price of $496.75. Berkshire Hathaway has a twelve month low of $437.90 and a twelve month high of $542.07. The stock has a market cap of $1.03 trillion, a PE ratio of 16.34, a PEG ratio of 3.27 and a beta of 0.81.

Vistra (VST)

Vistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company. The company operates through six segments: Retail, Texas, East, West, Sunset, and Asset Closure. It retails electricity and natural gas to residential, commercial, and industrial customers across states in the United States and the District of Columbia.

NYSE VST traded down $2.16 on Thursday, reaching $203.12. The company’s stock had a trading volume of 1,984,518 shares, compared to its average volume of 7,213,549. The firm has a market cap of $68.82 billion, a PE ratio of 32.40, a price-to-earnings-growth ratio of 2.55 and a beta of 1.30. The business has a 50-day moving average price of $190.80 and a 200 day moving average price of $156.67. Vistra has a 52 week low of $72.90 and a 52 week high of $216.85. The company has a current ratio of 0.90, a quick ratio of 0.77 and a debt-to-equity ratio of 6.58.

Lumentum (LITE)

Lumentum Holdings Inc. manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates through two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers). The OpComms segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and data over high-capacity fiber optic cables.

NASDAQ LITE traded down $6.94 during trading hours on Thursday, hitting $113.29. The company’s stock had a trading volume of 3,516,329 shares, compared to its average volume of 2,571,055. Lumentum has a twelve month low of $45.65 and a twelve month high of $129.98. The firm has a market capitalization of $7.86 billion, a P/E ratio of 492.63 and a beta of 1.33. The company has a quick ratio of 3.53, a current ratio of 4.72 and a debt-to-equity ratio of 2.91. The stock has a fifty day moving average of $97.25 and a 200 day moving average of $78.30.