Renewable Energy Stocks To Follow Now – August 17th

Quanta Services, Southern, Bank of New York Mellon, Rockwell Automation, and WEC Energy Group are the five Renewable Energy stocks to watch today, according to MarketBeat’s stock screener tool. Renewable energy stocks are shares of publicly traded companies involved in the production, development or distribution of power derived from non-polluting, naturally replenishing sources—such as solar, wind, hydroelectric, geothermal and biomass. Investing in these stocks offers exposure to firms driving the transition away from fossil fuels, with growth potential tied to technological advances, government incentives and shifting consumer and regulatory priorities. As with any sector, performance can be influenced by policy changes, commodity prices and market competition. These companies had the highest dollar trading volume of any Renewable Energy stocks within the last several days.

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.

NYSE PWR traded up $2.45 during mid-day trading on Friday, hitting $379.96. The company’s stock had a trading volume of 1,436,415 shares, compared to its average volume of 1,312,980. The company has a current ratio of 1.37, a quick ratio of 1.32 and a debt-to-equity ratio of 0.59. The company’s 50 day simple moving average is $382.86 and its 200 day simple moving average is $322.64. Quanta Services has a twelve month low of $227.08 and a twelve month high of $424.94. The firm has a market capitalization of $56.62 billion, a price-to-earnings ratio of 58.82, a PEG ratio of 2.26 and a beta of 1.10.

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 Southern stock traded down $0.12 during trading hours on Friday, hitting $94.07. 5,698,523 shares of the company’s stock traded hands, compared to its average volume of 5,405,039. The company has a fifty day simple moving average of $92.49 and a 200-day simple moving average of $90.21. Southern has a 12-month low of $80.46 and a 12-month high of $96.44. The stock has a market capitalization of $103.48 billion, a price-to-earnings ratio of 24.18, a PEG ratio of 3.25 and a beta of 0.38. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.74 and a quick ratio of 0.54.

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 BK stock traded down $2.44 during trading hours on Friday, reaching $100.91. The stock had a trading volume of 3,736,893 shares, compared to its average volume of 3,571,795. The stock’s fifty day simple moving average is $95.77 and its 200 day simple moving average is $88.09. The firm has a market capitalization of $71.17 billion, a PE ratio of 15.41, a PEG ratio of 0.97 and a beta of 1.12. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.86. Bank of New York Mellon has a 12 month low of $65.01 and a 12 month high of $104.47.

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.

ROK stock traded down $4.56 during midday trading on Friday, hitting $342.95. The company had a trading volume of 959,552 shares, compared to its average volume of 1,051,563. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. The stock has a market cap of $38.56 billion, a price-to-earnings ratio of 40.25, a PEG ratio of 3.52 and a beta of 1.39. The stock’s 50 day moving average price is $339.14 and its 200 day moving average price is $296.24. Rockwell Automation has a 52 week low of $215.00 and a 52 week high of $360.92.

WEC Energy Group (WEC)

WEC Energy Group, Inc., through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. It operates through Wisconsin, Illinois, Other States, Electric Transmission, and Non-Utility Energy Infrastructure segments.

WEC stock traded down $0.74 during midday trading on Friday, hitting $107.39. The stock had a trading volume of 2,583,815 shares, compared to its average volume of 2,143,889. The firm has a market cap of $34.57 billion, a price-to-earnings ratio of 20.57, a price-to-earnings-growth ratio of 2.95 and a beta of 0.42. The business has a 50-day moving average of $106.61 and a two-hundred day moving average of $106.11. WEC Energy Group has a 52-week low of $89.18 and a 52-week high of $111.90. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.55 and a quick ratio of 0.40.