Top Solar Stocks Worth Watching – May 11th

Tesla, Berkshire Hathaway, and NextEra Energy are the three Solar stocks to watch today, according to MarketBeat’s stock screener tool. Solar stocks are shares of publicly traded companies that develop, manufacture or install solar energy technologies—such as photovoltaic panels, solar inverters and utility-scale solar farms. Investors buy these equities to gain exposure to the renewable energy sector and its growth potential. Like other industry-specific stocks, their performance is influenced by factors such as government incentives, technological innovation and fluctuations in energy prices. 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.

Shares of TSLA stock traded up $13.23 during trading hours on Friday, reaching $298.05. 132,028,653 shares of the company traded hands, compared to its average volume of 96,242,957. The company has a market cap of $960.01 billion, a P/E ratio of 146.10, a P/E/G ratio of 5.86 and a beta of 2.43. 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 firm has a 50-day moving average price of $258.65 and a 200 day moving average price of $327.43. Tesla has a 12-month low of $167.41 and a 12-month high of $488.54.

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 up $0.33 during midday trading on Friday, reaching $513.58. 3,617,346 shares of the stock traded hands, compared to its average volume of 4,253,493. The stock’s fifty day moving average is $518.53 and its 200-day moving average is $484.75. Berkshire Hathaway has a 12 month low of $401.58 and a 12 month high of $542.07. The stock has a market cap of $1.11 trillion, a P/E ratio of 10.38, a PEG ratio of 3.45 and a beta of 0.88.

NextEra Energy (NEE)

NextEra Energy, Inc., through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.

NYSE:NEE traded up $2.05 during midday trading on Friday, hitting $70.37. 17,324,949 shares of the company traded hands, compared to its average volume of 10,763,280. NextEra Energy has a 12-month low of $61.72 and a 12-month high of $86.10. The firm’s fifty day moving average is $68.73 and its 200-day moving average is $71.55. The firm has a market capitalization of $144.87 billion, a P/E ratio of 20.88, a P/E/G ratio of 2.45 and a beta of 0.69. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20.