The star vigor manufacture has grown rapidly adjacent arsenic fossil fuels stay the ascendant root of planetary vigor use. Solar industry companies travel from aggregate sectors, including utilities, industrial, and energy, and see fashionable stocks specified arsenic SolarEdge Technologies (SEDG) and SunRun Inc. (RUN). While immoderate ample utilities and vigor companies person star and renewable vigor divisions, these businesses typically are not included successful the industry's listings due to the fact that the parent's superior absorption is not solar.
Solar stocks, represented by the Invesco Solar ETF (TAN), person importantly underperformed the broader marketplace implicit the past year. TAN has provided a full instrumentality of -6.3% implicit the past 12 months, good down the Russell 1000's full instrumentality of 26.6%. These marketplace show numbers and each statistic successful the tables beneath are arsenic of Dec. 14, 2021.
Here are the apical 3 star stocks with the champion value, the fastest growth, and the astir momentum.
Best Value Solar Stocks
These are the star stocks with the lowest 12-month trailing price-to-earnings (P/E) ratio. Because profits tin beryllium returned to shareholders successful the signifier of dividends and buybacks, a debased P/E ratio shows you’re paying little for each dollar of nett generated.
| Price ($) | Market Cap ($B) | 12-Month Trailing P/E Ratio | |
| Daqo New Energy Corp. (DQ) | 41.93 | 3.1 | 4.7 |
| ReneSola Ltd. (SOL) | 5.92 | 0.4 | 5.1 |
| SunPower Corp. (SPWR) | 21.19 | 3.7 | 12.4 |
Source: YCharts
- Daqo New Energy Corp.: Daqo New Energy is simply a China-based star vigor institution that manufactures polysilicon for merchantability to manufacturers of star cells and modules.
- ReneSola Ltd.: ReneSola is an planetary renewable vigor institution that builds and manages vigor projects. The institution chiefly focuses connected the development, operation management, and financing of star powerfulness projects. The institution reported results connected Dec. 7 for Q3 2021, ended Sept. 30. Net income attributable to ReneSola fell by plummeted year-over-year (YOY) arsenic nett revenues roseate sharply. The institution attributed the gross summation mostly to the merchantability of star projects successful the U.S. and Poland.
- SunPower Corp.: SunPower is an integrated star products, systems, and services institution that sells chiefly to residential and commercialized customers worldwide. The institution designs and manufactures star panels and systems. On Dec. 8, SunPower launched SunPower Financial, a fiscal services instauration focused connected making renewable vigor affordable to much American homeowners. SunPower Financial volition connection a 0% involvement Annual Percentage Rate (APR) merchandise to definite customers. The U.S. residential star marketplace is expected to quadruple by 2030.
Fastest Growing Solar Stocks
These are the top solar stocks arsenic ranked by a growth model that scores companies based connected a 50/50 weighting of their astir caller quarterly YOY percentage revenue growth and their astir caller quarterly YOY earnings-per-share (EPS) growth. Both income and net are captious factors successful the occurrence of a company. Therefore ranking companies by lone 1 maturation metric makes a ranking susceptible to the accounting anomalies of that 4th (such arsenic changes successful taxation instrumentality oregon restructuring costs) that whitethorn marque 1 oregon the different fig unrepresentative of the concern successful general. Companies with quarterly EPS oregon gross maturation of implicit 2,500% were excluded arsenic outliers.
| Price ($) | Market Cap ($B) | EPS Growth (%) | Revenue Growth (%) | |
| Daqo New Energy Corp. (DQ) | 41.93 | 3.1 | 1,310 | 366.7 |
| Azure Power Global Ltd. (AZRE) | 18.85 | 0.9 | 1,730 | 16.4 |
| Sunrun Inc. (RUN) | 35.50 | 7.3 | -60.7 | 109.2 |
Source: YCharts
- Daqo New Energy Corp.: See supra for institution description.
- Azure Power Global Ltd.: Azure Power Global is an India-based autarkic star powerfulness producer. It develops, builds, and operates inferior scale, micro-grid, and different kinds of star projects. The net figures supra are arsenic of Azure's Q1 FY2022 net release.
- Sunrun Inc.: Sunrun is simply a location star sheet and artillery company. It designs, develops, installs, and maintains residential star vigor systems passim the U.S. For Q3 2021, ended Sept. 30, Sunrun reported widening nett losses arsenic full gross much than doubled YOY. The institution attributed the maturation successful gross to betterment successful its lawsuit basal and lawsuit margins.
Solar Stocks with the Most Momentum
These are the star stocks that had the highest full instrumentality implicit the past 12 months.
| Price ($) | Market Cap ($B) | 12-Month Trailing Total Return (%) | |
| GCL-Poly Energy Holdings Ltd. (GCPEF) | 0.33 | 8.1 | 119.9 |
| Enphase Energy Inc. (ENPH) | 202.32 | 27.3 | 39.5 |
| Atlantica Sustainable Infrastructure PLC (AY) | 36.45 | 4.1 | 11.6 |
| Russell 1000 | N/A | N/A | 26.6 |
| Invesco Solar ETF (TAN) | N/A | N/A | -6.3 |
Source: YCharts
- GCL-Poly Energy Holdings Ltd.: GCL-Poly Energy is simply a Hong Kong-based star photovoltaic company. It supplies photovoltaic materials, specified arsenic polysilicon and silicon wafers, and offers star strategy solutions. The institution besides owns respective large-scale star farms globally.
- Enphase Energy Inc.: Enphase Energy is simply a planetary vigor exertion institution that brings solar, batteries, and bundle unneurotic successful 1 implicit package. It supplies microinverter-based, solar-plus-storage systems. On Dec. 13, Enphase announced the motorboat of the Enphase Installer Network (EIN) successful Mexico. EIN is simply a web of trusted installers provided with peculiar integer components to amended the bottommost enactment for Enphase merchandise installers. The institution says Mexico is cardinal to its planetary maturation strategy.
- Atlantica Sustainable Infrastructure PLC: Atlantica Sustainable Infrastructure is simply a U.K.-based institution that sells star powerfulness products. It operates proscription and transmission systems for a assortment of powerfulness sources. Atlantica besides owns and operates earthy state fields.
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