Promising Renewable Energy Stocks To Follow Today – February 02nd

WEC Energy Group, Southern, and Quanta Services are the three Renewable Energy stocks to watch today, according to MarketBeat’s stock screener tool. Renewable energy stocks refer to publicly traded companies that are involved in the development, production, and distribution of energy derived from renewable sources such as solar, wind, and hydroelectric power. These stocks are investments in companies that are active in the transition towards cleaner and more sustainable energy sources. These companies had the highest dollar trading volume of any Renewable Energy stocks within the last several days.

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 WEC traded down $0.18 during mid-day trading on Friday, reaching $99.27. The company’s stock had a trading volume of 4,607,979 shares, compared to its average volume of 1,773,809. WEC Energy Group has a 52 week low of $75.13 and a 52 week high of $102.79. The stock has a market cap of $31.40 billion, a PE ratio of 24.27, a P/E/G ratio of 2.47 and a beta of 0.48. The company’s fifty day moving average price is $96.68 and its two-hundred day moving average price is $94.55. The company has a current ratio of 0.65, a quick ratio of 0.46 and a debt-to-equity ratio of 1.37.

Southern (SO)

The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. The company also develops, constructs, acquires, owns, and manages power generation assets, including renewable energy projects and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, and Tennessee, as well as provides gas marketing services, gas distribution operations, and gas pipeline investments operations.

Southern stock traded down $1.02 during mid-day trading on Friday, hitting $83.91. The company’s stock had a trading volume of 4,685,387 shares, compared to its average volume of 4,705,916. The business has a 50 day moving average price of $83.92 and a 200-day moving average price of $86.60. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.91 and a quick ratio of 0.66. Southern has a 12 month low of $65.80 and a 12 month high of $94.45. The stock has a market cap of $91.93 billion, a price-to-earnings ratio of 19.51, a price-to-earnings-growth ratio of 2.83 and a beta of 0.52.

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.

PWR stock traded down $1.19 during trading on Friday, hitting $308.10. 1,162,727 shares of the company traded hands, compared to its average volume of 1,353,427. The company has a 50-day moving average of $328.59 and a 200-day moving average of $301.30. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.19 and a current ratio of 1.23. Quanta Services has a 1 year low of $193.52 and a 1 year high of $365.88. The firm has a market capitalization of $45.48 billion, a PE ratio of 56.85, a P/E/G ratio of 1.49 and a beta of 1.06.