Solar Stocks To Watch - March 20th

Tesla, Berkshire Hathaway, GE Vernova, Vistra, and NextEra Energy are the five solar stocks that investors should keep an eye on as of March 20th, according to stock analysis tools. Solar stocks represent shares in companies involved in the solar energy sector, which includes everything from manufacturing and installing solar panels to providing maintenance for these technologies. These stocks are often considered part of the broader renewable energy market, and their performance can be affected by advancements in technology, government policies, and the demand for clean energy options. Recently, these companies recorded the highest trading volumes among solar stocks.

Tesla (TSLA)

Tesla, Inc. specializes in designing, developing, and manufacturing electric vehicles alongside energy generation and storage systems on a global scale. The company operates in two major segments: Automotive and Energy Generation and Storage. The Automotive sector not only produces electric vehicles but also sells automotive regulatory credits, as well as various services related to vehicles such as insurance and parts.

Tesla's stock price dipped by $1.64 during midday trading to reach $234.22. There were 71,695,636 shares traded on this day, which is less than its average volume of 90,858,622 shares. The company's market capitalization stands at approximately $753.38 billion, with a price-to-earnings (P/E) ratio of 114.95 and a beta of 2.50. The stock has shown significant volatility over the past year, marking a low of $138.80 and a high of $488.54. Financially, it has a debt-to-equity ratio of 0.08 and a current ratio of 2.02.

Berkshire Hathaway (BRK.B)

Berkshire Hathaway Inc., through its various subsidiaries, engages in a multitude of businesses including insurance, freight rail transportation, and utilities on a global scale. The company distributes energy including electricity generated from diverse sources like natural gas, coal, wind, solar, and hydroelectric power.

During midday trading, BRK.B's stock rose by $2.19, bringing its price to $527.46, with a trading volume of 2,063,382 shares, nearer to its average of 4,256,953. The market cap is around $1.14 trillion, with a P/E ratio of 10.66 and a P/E growth ratio of 3.45. In the past year, the stock hit a low of $395.66 and spiked to a high of $530.61.

GE Vernova (GEV)

GE Vernova LLC is an energy-focused company that generates electricity. It is divided into three primary segments: Power, Wind, and Electrification. The Power division is responsible for generating electricity through various methods, while the Wind segment produces wind turbine blades, and Electrification provides solutions related to grids and power storage.

GEV shares experienced an increase of $4.95, reaching a price of $340.75, with 1,944,027 shares exchanged, which is slightly lower than its average volume of 3,516,539. The company has a market capitalization of $94.01 billion and a P/E ratio of 61.21. Over the past year, the stock fluctuated between a low of $119.00 and a high of $447.50.

Vistra (VST)

Vistra Corp. operates as an integrated retail electricity and power generation company. The business structure is divided into six segments that manage retail, power generation, and asset closure, selling electricity and natural gas across various states in the U.S.

The stock listed as NYSE: VST rose by $1.70 during trading hours, making its price $131.33, with a trading volume of 3,364,056 shares compared to its average of 7,486,721. Vistra has seen a low of $63.94 and a high of $199.84 over the last year, and it holds a market cap of $44.67 billion.

NextEra Energy (NEE)

NextEra Energy, Inc. focuses on generating, selling, and distributing electric power to both retail and wholesale clients mainly in North America. The company generates energy via renewable sources such as wind and solar, as well as traditional methods such as nuclear and natural gas.

On the day of trading, shares for NEE increased by $0.24, reaching $70.74, with a volume of 3,828,867 shares compared to its average of 10,159,102. The market capitalization is noted at $145.51 billion, with a P/E ratio of 20.99. The stock’s price has varied throughout the year between a low of $61.29 and a high of $86.10.

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