Solar Stocks To Consider – May 8th

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 companies involved in the solar energy industry—ranging from manufacturers of photovoltaic panels and inverters to developers and installers of solar power systems. Investing in solar stocks gives shareholders exposure to the renewable‐energy sector and the potential growth driven by the global shift toward clean electricity. 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.

TSLA stock traded up $11.38 during mid-day trading on Thursday, reaching $287.60. The company had a trading volume of 70,787,134 shares, compared to its average volume of 95,721,521. Tesla has a 52 week low of $167.41 and a 52 week high of $488.54. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. The stock has a 50 day simple moving average of $258.13 and a two-hundred day simple moving average of $325.63. The company has a market capitalization of $926.35 billion, a price-to-earnings ratio of 140.98, a PEG 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 traded down $2.51 during mid-day trading on Thursday, reaching $515.71. The company’s stock had a trading volume of 2,485,304 shares, compared to its average volume of 4,226,830. The business has a 50-day simple moving average of $518.08 and a two-hundred day simple moving average of $484.05. The stock has a market cap of $1.11 trillion, a P/E ratio of 10.42, a PEG ratio of 3.45 and a beta of 0.88. Berkshire Hathaway has a 1-year low of $401.58 and a 1-year high of $542.07.

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.

GEV traded down $7.03 during trading on Thursday, hitting $399.78. 1,678,294 shares of the stock traded hands, compared to its average volume of 3,316,466. The business has a 50 day moving average price of $327.04 and a 200 day moving average price of $338.96. The company has a market cap of $109.11 billion and a price-to-earnings ratio of 71.90. GE Vernova has a twelve month low of $150.01 and a twelve month high of $447.50.