Promising Renewable Energy Stocks To Follow Now – May 27th

Quanta Services, Southern, and Bank of New York Mellon are the three Renewable Energy stocks to watch today, according to MarketBeat’s stock screener tool. Renewable energy stocks are shares of companies that generate electricity or fuel from naturally replenishing sources such as solar, wind, hydroelectric, geothermal or biomass. By investing in these equities, shareholders gain exposure to the growth potential of the clean-energy sector while supporting the transition away from fossil fuels. These stocks often appeal to investors seeking both financial returns and environmental sustainability. 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.

Quanta Services stock traded up $6.90 during midday trading on Tuesday, hitting $342.26. 664,238 shares of the stock were exchanged, compared to its average volume of 1,573,020. 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 $50.74 billion, a price-to-earnings ratio of 56.76, a PEG ratio of 1.41 and a beta of 1.02. Quanta Services has a fifty-two week low of $227.08 and a fifty-two week high of $365.88. The stock’s 50-day simple moving average is $290.60 and its 200 day simple moving average is $302.70.

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.

SO traded up $0.46 during trading on Tuesday, hitting $90.10. 1,805,050 shares of the stock were exchanged, compared to its average volume of 4,485,112. The stock has a fifty day moving average price of $89.87 and a two-hundred day moving average price of $87.20. The firm has a market capitalization of $99.02 billion, a P/E ratio of 22.47, a PEG ratio of 3.01 and a beta of 0.40. The company has a quick ratio of 0.66, a current ratio of 0.67 and a debt-to-equity ratio of 1.60. Southern has a 1-year low of $76.64 and a 1-year high of $94.45.

Bank of New York Mellon (BK)

The Bank of New York Mellon Corporation provides a range of financial products and services in the United States and internationally. The company operates through Securities Services, Market and Wealth Services, Investment and Wealth Management, and other segments. The Securities Services segment offers custody, trust and depositary, accounting, exchange-traded funds, middle-office solutions, transfer agency, services for private equity and real estate funds, foreign exchange, securities lending, liquidity/lending services, and data analytics.

NYSE:BK traded up $1.08 during trading hours on Tuesday, reaching $90.17. 1,719,705 shares of the company were exchanged, compared to its average volume of 4,055,819. Bank of New York Mellon has a 52-week low of $57.18 and a 52-week high of $90.63. The firm has a market cap of $64.51 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 0.97 and a beta of 1.05. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.69 and a quick ratio of 0.70. The stock has a 50 day simple moving average of $81.98 and a 200 day simple moving average of $81.95.