Renewable Energy Stocks To Consider – May 9th

Quanta Services, Petróleo Brasileiro S.A. – Petrobras, and WEC Energy Group are the three Renewable Energy stocks to watch today, according to MarketBeat’s stock screener tool. Renewable energy stocks are shares of publicly traded companies whose primary business involves generating, distributing or supporting power from renewable sources such as wind, solar, hydroelectric or biomass. Buying these stocks gives investors ownership in firms focused on sustainable energy technologies and infrastructure. Their market performance is often influenced by government policies, technological advances and shifting demand toward cleaner power. 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 down $1.66 during mid-day trading on Friday, hitting $324.59. The stock had a trading volume of 517,936 shares, compared to its average volume of 1,613,650. Quanta Services has a 52 week low of $227.08 and a 52 week high of $365.88. The company has a current ratio of 1.30, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $48.13 billion, a price-to-earnings ratio of 53.83, a P/E/G ratio of 1.41 and a beta of 1.02. The company has a 50 day simple moving average of $270.01 and a 200-day simple moving average of $300.59.

Petróleo Brasileiro S.A. – Petrobras (PBR)

Petróleo Brasileiro S.A. – Petrobras explores, produces, and sells oil and gas in Brazil and internationally. The company operates through three segments: Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. The Exploration and Production segment explores, develops, and produces crude oil, natural gas liquids, and natural gas primarily for supplies to the domestic refineries.

Shares of PBR traded up $0.12 during mid-day trading on Friday, reaching $11.77. 13,736,808 shares of the company’s stock traded hands, compared to its average volume of 17,549,056. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94. The business’s 50-day moving average price is $12.54 and its 200-day moving average price is $13.36. The stock has a market capitalization of $75.85 billion, a P/E ratio of 4.60, a price-to-earnings-growth ratio of 0.18 and a beta of 0.87. Petróleo Brasileiro S.A. – Petrobras has a 12 month low of $11.03 and a 12 month high of $17.41.

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 traded down $0.42 during trading hours on Friday, hitting $107.54. The company’s stock had a trading volume of 1,496,256 shares, compared to its average volume of 2,143,569. The company has a current ratio of 0.60, a quick ratio of 0.43 and a debt-to-equity ratio of 1.37. WEC Energy Group has a fifty-two week low of $77.47 and a fifty-two week high of $112.31. The company has a 50-day simple moving average of $107.03 and a 200 day simple moving average of $101.37. The firm has a market capitalization of $34.31 billion, a PE ratio of 22.27, a PEG ratio of 2.60 and a beta of 0.46.