Renewable Energy Stocks To Watch Now - March 20th

Three significant renewable energy stocks to monitor today are Petróleo Brasileiro S.A. - Petrobras, Southern Company, and Quanta Services. These companies represent a sector that focuses on generating energy from sustainable sources such as solar, wind, hydro, and geothermal. Investing in these renewable energy stocks offers individuals a chance to engage in the shift towards clean energy and possibly gain from the expansion of industries reducing their dependence on fossil fuels. Recently, these companies exhibited the highest trading volumes in the renewable energy sector.

Petróleo Brasileiro S.A. - Petrobras (PBR)

Petróleo Brasileiro S.A. - Petrobras is an integrated energy company involved in exploring, producing, and selling oil and gas both within Brazil and internationally. It operates via three main segments: Exploration and Production, Refining, Transportation and Marketing, and Gas and Power. The Exploration and Production segment focuses on discovering, developing, and producing crude oil, natural gas liquids, and natural gas primarily for domestic refineries.

On Thursday, shares of NYSE: PBR decreased by $0.08 during trading, reaching $13.96. A total of 13,396,495 shares changed hands, which is lower than its average volume of 16,435,438 shares. The stock possesses a 50-day moving average of $13.77 and a 200-day moving average of $13.97. Presently, the market capitalization stands at $89.93 billion with a price-to-earnings (PE) ratio of 5.45. The twelve-month range shows a low of $12.45 and a high of $17.44.

Southern Company (SO)

The Southern Company is engaged through its subsidiaries in generating, transmitting, and distributing electricity. Additionally, the company develops, constructs, acquires, and manages power generation assets, which include renewable energy projects. It is active in the wholesale electricity market and offers natural gas distribution services in multiple states.

During mid-day trading on Thursday, shares of NYSE: SO fell by $0.18 to $89.42. The trading volume was 1,789,873 shares, compared to an average volume of 4,277,430. The stock's 50-day moving average is $86.39, while the 200-day moving average is $87.22. Southern Company’s market cap is reported at $98.08 billion, with a PE ratio of 22.29. Over the past year, the company's stock reached a low of $67.53 and a high of $94.45.

Quanta Services (PWR)

Quanta Services, Inc. offers vital infrastructure solutions for various sectors encompassing electric and gas utilities, renewable energy, and more. The company focuses on providing design, procurement, construction, repair, and maintenance services for electric power transmission and distribution networks.

On Thursday, NYSE: PWR shares traded down by $0.10 at $270.30, with a trading volume of 567,768 shares, significantly less than its average of 1,747,561. Its market capitalization is about $40.06 billion, with a PE ratio of 44.83. Quanta Services displays a 1-year price range from $227.11 to $365.88, reflecting its growth potential in the infrastructure domain.

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