Renewable Energy Stocks Worth Watching – March 23rd

Bank of New York Mellon, Southern, and MasTec are the three Renewable Energy stocks to watch today, according to MarketBeat’s stock screener tool. Renewable energy stocks are shares issued by companies that generate energy from sustainable sources such as solar, wind, hydropower, and biomass. They allow investors to participate in the growing clean energy market while supporting the shift away from fossil fuels toward environmentally friendly energy production. These companies had the highest dollar trading volume of any Renewable Energy stocks within the last several days.

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.

Shares of NYSE:BK traded down $0.48 during mid-day trading on Friday, reaching $83.46. 9,720,665 shares of the company were exchanged, compared to its average volume of 3,685,069. 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 firm’s 50-day simple moving average is $84.88 and its 200 day simple moving average is $79.02. Bank of New York Mellon has a 1 year low of $52.64 and a 1 year high of $90.34. The firm has a market cap of $59.92 billion, a price-to-earnings ratio of 14.36, a P/E/G ratio of 0.97 and a beta of 1.06.

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.

Shares of SO traded down $0.76 during midday trading on Friday, hitting $89.21. 8,327,269 shares of the stock were exchanged, compared to its average volume of 4,313,021. Southern has a 52-week low of $67.53 and a 52-week high of $94.45. The stock has a fifty day simple moving average of $86.69 and a 200 day simple moving average of $87.25. The firm has a market cap of $97.84 billion, a P/E ratio of 22.25, a P/E/G ratio of 3.01 and a beta of 0.46. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.66 and a current ratio of 0.67.

MasTec (MTZ)

MasTec, Inc., an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily in the United States and Canada. It operates through five segments: Communications, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other.

Shares of MTZ traded down $2.70 during midday trading on Friday, hitting $123.89. 4,896,017 shares of the stock were exchanged, compared to its average volume of 869,972. MasTec has a 52-week low of $82.29 and a 52-week high of $166.95. The stock has a fifty day simple moving average of $135.56 and a 200 day simple moving average of $132.67. The firm has a market cap of $9.82 billion, a P/E ratio of 110.61 and a beta of 1.74. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.24.