Promising Renewable Energy Stocks To Keep An Eye On – November 3rd

Quanta Services, WEC Energy Group, Clearway Energy, NOV, and HA Sustainable Infrastructure Capital are the five Renewable Energy stocks to watch today, according to MarketBeat’s stock screener tool. Renewable energy stocks are shares of publicly traded companies involved in producing, developing, or supporting clean energy sources such as solar, wind, hydroelectric, geothermal, and biomass power. For stock market investors, these stocks offer potential exposure to the growth of the clean-energy sector but may also carry risks related to regulation, technology changes, government incentives, and market volatility. 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.

Shares of NYSE:PWR traded up $31.54 during trading on Tuesday, reaching $652.72. The company’s stock had a trading volume of 493,221 shares, compared to its average volume of 1,143,224. The stock has a market capitalization of $98.35 billion, a PE ratio of 59.06, a price-to-earnings-growth ratio of 1.79 and a beta of 1.29. Quanta Services has a 12 month low of $408.36 and a 12 month high of $788.75. The company has a current ratio of 1.10, a quick ratio of 1.05 and a debt-to-equity ratio of 0.56. The firm’s 50 day simple moving average is $632.35 and its two-hundred day simple moving average is $624.04.

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.

Shares of NYSE:WEC traded down $1.06 during trading on Tuesday, hitting $115.84. The company had a trading volume of 690,440 shares, compared to its average volume of 2,283,011. The stock has a market cap of $37.75 billion, a price-to-earnings ratio of 21.02, a price-to-earnings-growth ratio of 2.28 and a beta of 0.45. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.53 and a quick ratio of 0.39. The company has a fifty day simple moving average of $106.06 and a two-hundred day simple moving average of $111.49. WEC Energy Group has a one year low of $99.80 and a one year high of $119.91.

Clearway Energy (CWEN)

Clearway Energy, Inc. operates in the renewable energy business in the United States. The company operates through Conventional and Renewables segments. It has approximately 6,000 net MW of installed wind, solar, and energy generation projects; and approximately 2,500 net MW of natural gas-fired generation facilities.

NYSE:CWEN traded up $0.69 during midday trading on Tuesday, hitting $34.59. 1,160,174 shares of the company traded hands, compared to its average volume of 1,158,996. The firm has a market capitalization of $7.10 billion, a P/E ratio of 45.53 and a beta of 0.88. The firm’s fifty day moving average is $30.94 and its 200-day moving average is $35.55. Clearway Energy has a 12-month low of $28.57 and a 12-month high of $41.74. The company has a current ratio of 1.11, a quick ratio of 1.02 and a debt-to-equity ratio of 1.55.

NOV (NOV)

NOV Inc. designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors in the United States and internationally. It operates through two segments, Energy Equipment, and Energy Products and Services. The company provides solids control and waste management equipment and services, managed pressure drilling, drilling fluids, premium drillpipe, wired pipe, drilling optimization services, tubular inspection and coating services, instrumentation, downhole tools, and drill bits.

NYSE NOV traded up $0.10 on Tuesday, hitting $18.79. 1,711,458 shares of the stock were exchanged, compared to its average volume of 4,239,873. The stock has a fifty day moving average price of $19.89 and a two-hundred day moving average price of $19.65. The firm has a market capitalization of $6.70 billion, a P/E ratio of 46.99 and a beta of 0.97. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.61 and a current ratio of 2.51. NOV has a 52-week low of $14.30 and a 52-week high of $21.93.

HA Sustainable Infrastructure Capital (HASI)

HA Sustainable Infrastructure Capital, Inc., through its subsidiaries, engages in the investment of energy efficiency, renewable energy, and sustainable infrastructure markets in the United States. The company’s portfolio includes equity investments, commercial and government receivables, real estate, and debt securities.

NYSE:HASI traded up $0.37 during mid-day trading on Tuesday, hitting $38.66. 330,916 shares of the stock traded hands, compared to its average volume of 999,704. The stock has a market capitalization of $4.97 billion, a price-to-earnings ratio of 72.92, a PEG ratio of 1.19 and a beta of 1.42. HA Sustainable Infrastructure Capital has a 52 week low of $27.57 and a 52 week high of $44.13. The firm’s 50 day moving average is $37.31 and its two-hundred day moving average is $38.07. The company has a quick ratio of 8.89, a current ratio of 8.89 and a debt-to-equity ratio of 2.23.