Solar Stocks To Follow Today – June 8th

Tesla, Berkshire Hathaway, Constellation Energy, GE Vernova, and PG&E are the five Solar stocks to watch today, according to MarketBeat’s stock screener tool. Solar stocks are shares of publicly traded companies that develop, manufacture or distribute solar energy technologies, such as photovoltaic panels, solar inverters and related equipment. Investors buy these stocks to gain exposure to the solar power industry’s growth prospects and the global transition toward renewable energy. 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 $10.44 during trading on Friday, reaching $295.14. The company’s stock had a trading volume of 163,425,518 shares, compared to its average volume of 99,864,507. Tesla has a 1 year low of $167.41 and a 1 year high of $488.54. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $950.63 billion, a P/E ratio of 144.68, a price-to-earnings-growth ratio of 5.86 and a beta of 2.47. The company’s fifty day moving average is $292.17 and its 200-day moving average is $333.56.

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.

BRK.B stock traded up $5.20 during trading on Friday, reaching $493.94. The company’s stock had a trading volume of 3,928,100 shares, compared to its average volume of 4,371,637. The company’s fifty day moving average is $513.46 and its 200-day moving average is $490.82. Berkshire Hathaway has a 1 year low of $403.33 and a 1 year high of $542.07. The company has a market capitalization of $1.07 trillion, a P/E ratio of 9.98, a price-to-earnings-growth ratio of 3.45 and a beta of 0.85.

Constellation Energy (CEG)

Constellation Energy Corporation generates and sells electricity in the United States. It operates through five segments: Mid-Atlantic, Midwest, New York, ERCOT, and Other Power Regions. The company sells natural gas, energy-related products, and sustainable solutions. It has approximately 33,094 megawatts of generating capacity consisting of nuclear, wind, solar, natural gas, and hydroelectric assets.

Shares of CEG traded up $8.92 during midday trading on Friday, hitting $298.80. 3,732,294 shares of the company traded hands, compared to its average volume of 3,749,172. The firm has a 50 day moving average of $249.61 and a 200-day moving average of $255.85. Constellation Energy has a 52 week low of $155.60 and a 52 week high of $352.00. The stock has a market cap of $93.65 billion, a price-to-earnings ratio of 25.13, a PEG ratio of 2.67 and a beta of 1.14. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.43 and a current ratio of 1.57.

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.

Shares of GEV traded up $2.75 during midday trading on Friday, hitting $487.06. 2,099,918 shares of the company traded hands, compared to its average volume of 3,291,784. The firm has a 50 day moving average of $389.72 and a 200-day moving average of $360.77. GE Vernova has a 52 week low of $150.01 and a 52 week high of $500.72. The stock has a market cap of $132.94 billion, a price-to-earnings ratio of 87.60, a PEG ratio of 3.03 and a beta of 1.97.

PG&E (PCG)

Shares of NYSE:PCG traded down $0.33 during trading on Friday, reaching $15.60. The company’s stock had a trading volume of 47,947,757 shares, compared to its average volume of 16,925,230. The company has a current ratio of 1.05, a quick ratio of 1.00 and a debt-to-equity ratio of 1.86. PG&E has a 12 month low of $14.99 and a 12 month high of $21.72. The firm’s 50 day simple moving average is $16.95 and its two-hundred day simple moving average is $17.52. The stock has a market capitalization of $41.74 billion, a PE ratio of 13.57, a price-to-earnings-growth ratio of 1.09 and a beta of 0.60.