Best Solar Stocks

Investors face uncertainty in ways not seen since the financial crisis. The coronavirus crisis has caused millions of jobs to evaporate, placing many people in a struggle just to pay rent or buy food. Solar energy firms had been steadily rising before the virus hit, but gains were wiped out along with the rest in the market flush. Solar energy is undeniably a part of our future and the market is now trading at a discount. Here are a few solar companies with bright outlooks. Literally and figuratively.

Sunlight Finl Hldgs (NYSE: SUNL)

2.96 -0.01 (-0.34%)
0.00K
250.97M
-
2.41 - 10.01

Sunlight Financial Holdings Inc is a technology-enabled point-of-sale finance company. It partners with contractors nationwide to provide homeowners with financing for the installation of residential solar systems and other home improvements. Its technology and deep credit expertise simplify and streamline consumer finance, ensuring a fast and frictionless process for both contractors and homeowners.

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SunPower (NASDAQ: SPWR)

15.14 0 (0%)
0.00K
2.63B
-
12.78 - 34.61

SunPower is a leading solar technology and energy services provider that offers fully integrated solar, storage, and home energy solutions to customers primarily in the United States and Canada through an array of hardware, software, and financing options and smart energy solutions. The company’s sales channels include a network of both installing and noninstalling dealers and resellers that operate in residential and commercial markets as well as a group of in-house sales teams in each segment engaged in direct sales to end customers. SunPower is a majority-owned subsidiary of TotalEnergies Solar.

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Brookfield Renewable (NYSE: BEPC)

35.82 -0.009 (-0.03%)
0.00K
6.17B
-
31.1001 - 45.429

Brookfield Renewable is a globally diversified multitechnology owner and operator of clean energy assets. The company’s portfolio consists of hydroelectric, wind, solar, and storage facilities in North America, South America, Europe, and Asia and totals approximately 21,000 megawatts of installed capacity. Brookfield Renewable invests in assets directly as well as with institutional partners and joint venture partners and through other arrangements. The company offers two separate listings for investors: Brookfield Renewable Partners LP (BEP) and Brookfield Renewable Corp. (BEPC).

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First Solar (NASDAQ: FSLR)

66.84 0 (0%)
0.00K
7.12B
-
59.6 - 123.125

First Solar designs and manufactures solar photovoltaic panels, modules, and systems for use in utility-scale development projects. The company’s solar modules use cadmium telluride to convert sunlight into electricity. This is commonly called thin-film technology. First Solar is the world’s largest thin-film solar module manufacturer. It has production lines in Vietnam, Malaysia, and Ohio.

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JinkoSolar Holding Co (NYSE: JKS)

64.63 0.4 (0.62%)
0.00K
3.15B
-
35.41 - 69.54

JinkoSolar is among the largest and most innovative solar module manufacturers in the world. The solar company has 9 production facilities globally and 14 overseas subsidiaries. It distributes its solar products to customers in the U.S., China, Japan, Germany, the U.K., Chile, India and other countries. JinkoSolar has an integrated annual capacity of 20 GW for mono wafers, 11 GW for solar cells and 25 GW for solar modules.

The solar stock has a market cap of $2.8 billion and has an EPS of $2.92. It has high liquidity with an average daily trade volume of 8 million shares. JinkoSolar generated revenue of $4.2 billion in 2019.

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Biggest Solar Movers of the Day

Solar energy companies tend to have volatile stocks since there’s so much uncertainty surrounding the industry. Here’s a few of today’s biggest winners and losers.

The data provided below is intended for educational purposes only, we have included the session dates for your reference.

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Premarket Best Solar Stocks
Symbol Last Price Change % Change Trade
Symbol Last Price Change % Change Trade
SHLS 15.09 -2.01 -11.76% Trade
VVPR 1.34 -0.17 -11.26% Trade
SPWR 15.12 -1.85 -10.91% Trade
FTCI 3.285 -0.37 -10.13% Trade
ARRY 10.66 -1.07 -9.13% Trade
MAXN 11.74 -1.17 -9.07% Trade
SOL 4.475 -0.365 -7.55% Trade
ISUN 3.11 -0.22 -6.61% Trade
SPI 1.7389 -0.121 -6.52% Trade
RUN 22.175 -1.525 -6.44% Trade
Market Best Solar Stocks
Symbol Last Price Change % Change Trade
BEEM 15.45 0.58 3.9% Trade
VVPR 1.54 0.03 1.98% Trade
SUNW 1.68 0.02 1.2% Trade
Symbol Last Price Change % Change Trade
ARRY 11 -0.73 -6.23% Trade
SHLS 16.16 -0.94 -5.5% Trade
JKS 63.14 -3.2 -4.83% Trade
RUN 22.61 -1.09 -4.6% Trade
CSIQ 30.45 -1.39 -4.37% Trade
SPWR 16.37 -0.6 -3.54% Trade
NOVA 18.14 -0.54 -2.9% Trade
SEDG 272.01 -7.23 -2.59% Trade
MAXN 12.65 -0.26 -2.02% Trade
FTCI 3.61 -0.045 -1.24% Trade
After Hours Best Solar Stocks
Symbol Last Price Change % Change Trade
SPI 1.79 0.08 4.67% Trade
FTCI 3.35 0.065 1.97% Trade
SUNW 1.6 0.01 0.62% Trade
SPWR 15.2 0.06 0.39% Trade
NOVA 17.77 0.05 0.28% Trade
JKS 64.35 0.12 0.18% Trade
RUN 22.24 0.04 0.18% Trade
Symbol Last Price Change % Change Trade
VVPR 1.31 -0.06 -4.38% Trade
ARRY 10.5 -0.19 -1.78% Trade
ENPH 183 -1.64 -0.89% Trade

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Renewable energy has become a major theme for forward-looking investors and several different niches within the energy sector are looking to enhance it. Water, wind and solar power are the biggest potential sources, all with their various pros and cons. But solar power is front and center in the renewable energy market thanks to the companies producing it and the numerous ways it can be leveraged by consumers. 

Of course, saving the world takes time and investors aren’t known to be patient. Today, we’ll look at 5 solar stocks that could make waves in 2022.

Overview: Solar Stocks

Solar power is a clean and potentially limitless energy source and many companies have attempted to harness it. Solar power isn’t a single technology, either.  Energy from the sun is turned into power through 3 different methods:

  • Photovoltaics
  • Solar heating and cooling (SHC) 
  • Concentrating solar power (CSP)

When discussing solar energy, most people are talking about photovoltaic solar systems, which convert sunlight into energy through the semiconductors lining the inside of solar panels. Concentrating solar power and solar heating and cooling systems actually use the sun’s thermal energy to create power. CSP and SHC systems are often implemented to heat public pools or provide hot water to residences.

Despite the potential, problems still exist when it comes to implementing solar energy systems. The sun could reliably rise and set at specific times, but weather is about as trustworthy as the Smoking Man from the X-Files. A long period of inclement weather could wreak havoc on solar energy systems and storage systems are a must for any solar energy application. Daylight hours need to count for solar systems to reach max efficiency and weather often just does not want to cooperate.

Then there’s the cost. For the average homeowner, installing a solar energy system will cost around $14,000 to get up and running and that’s after factoring in the federal tax credit. While the long-term energy savings could make this a worthy investment, most homeowners simply don’t have $14,000 in the budget to switch to a new electricity source. Some states have offered incentives, and there are companies that finance these installations without changing the user’s energy bills, but financing requires a high credit score and pre-approval from the lender used by the installer.

Best Online Brokers for Solar Stocks

Before investing in solar energy companies, you’ll need a broker to supply you with shares. If you don’t have a broker, you’re in luck — there’s never been a better time to open an account. Almost all major brokerages have erased commissions on stock and ETF trading, plus many offer sign-up bonuses like deposit matching or free stocks. 

Your experience level will determine which broker is best. If you want to trade based on technical analysis and buy/sell signals, you won’t want a broker that only offers basic line charts. And of course, be sure your broker has shares of the solar companies you wish to invest in.

get started securely through Webull’s website
Best For
Intermediate Traders and Investors
N/A
1 Minute Review

Webull, founded in 2017, is a mobile app-based brokerage that features commission-free stock and exchange-traded fund (ETF) trading. It’s regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Webull offers active traders technical indicators, economic calendars, ratings from research agencies, margin trading and short-selling. Webull’s trading platform is designed for intermediate and experienced traders, although beginning traders can also benefit.

Webull is widely considered one of the best Robinhood alternatives.

Best For
  • Active traders
  • Intermediate traders
  • Advanced traders
Pros
  • No account maintenance fees or software platform fees
  • No charges to open and maintain an account
  • Intuitive trading platform with technical and fundamental analysis tools
Cons
  • Does not support trading in mutual funds, bonds or OTC stocks
get started securely through Moomoo’s website
Best For
Active Traders
N/A
1 Minute Review

Moomoo is a commission-free mobile trading app available on Apple, Google and Windows devices. A subsidiary of Futu Holdings Ltd., it’s backed by venture capital affiliates of Matrix, Sequoia, and Tencent (NASDAQ: FUTU). Securities offered by Futu Inc., regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Moomoo is another great alternative for Robinhood. This is an outstanding trading platform if you want to dive deep into smart trading. It offers impressive trading tools and opportunities for both new and advanced traders, including advanced charting, pre and post-market trading, international trading, research and analysis tools, and most popular of all, free Level 2 quotes.

Get started right away by downloading Moomoo to your phone, tablet or another mobile device.

Best For
  • Cost-conscious traders
  • Active and Advanced traders
Pros
  • Over 8,000 different stocks that can be sold short
  • Access trading and quotes in pre-market (4 a.m. to 9:30 a.m. ET) and post-market hours (4 p.m. to 8 p.m. ET)
  • No minimum deposit to open an account.
Cons
  • No chat support
get started securely through Interactive Broker’s website
Best For
GlobalAnalyst Product
N/A
1 Minute Review

This latest groundbreaking technology is IBKR GlobalAnalyst, a new trading tool that helps investors compare the rate of PEG or price-earnings growth valuations and provide more immediate and comprehensive financial metrics of stocks, globally.

Recognizing that stock selection can be challenging for investors to compare the valuations of domestic and international stocks, Interactive Brokers created GlobalAnalyst to offer investors a simple, yet powerful tool to easily evaluate investment opportunities around the world.

Using GlobalAnalyst, investors can search for stocks by region, country, industry, market capitalization and currency to uncover undervalued stocks worldwide. The resulting table displays the current market and financial metrics, including the PEG Ratio. The PEG Ratio is the PE ratio divided by the three-year compound earnings growth rate, and smaller PEG Ratios typically indicate undervalued companies.

Best For
  • Price earnings growth valuations
Pros
  • Easily evaluate investment opportunities
Cons
get started securely through CenterPoint Securities’s website
Best For
Momentum traders
N/A
1 Minute Review

CenterPoint Securities is ideal for active traders who demand access to advanced tools and services. While investors and casual traders are likely to be content with the basic offerings of traditional online brokerages, active traders will benefit from CenterPoint’s suite of advanced trading tools. If you value execution quality, access to short inventory, advanced trading platforms, and accessible customer service, CenterPoint is an excellent choice.

Best For
  • Intermediate to Advanced traders
  • High-volume traders
  • Momentum traders
  • Short sellers
Pros
  • Unrivaled access to short inventory
  • Flexible order routing for improved executions
  • Discounts for active traders
  • Advanced platform with fast executions
  • Reliable customer service
Cons
  • Not designed for beginner or low-volume traders

Features to Look for in Solar Stocks

Solar energy stocks haven’t been terrific investments in the last few years. Despite advances in efficiency and promotion from governments around the world, most solar stocks languished behind the S&P 500 during the decade-long bull market. There’s little doubt that solar power will be a big part of our lives in the coming years, but how long will investors be willing to wait to see more prevalent adoption? 

When looking for solar companies to invest in, always keep a few key features in mind.

  • Debt levels: Solar energy is expensive. Panels are expensive to make, installations are expensive to perform and storage systems are expensive to maintain. These costs will likely decline in the future as the technology continues to improve, but right now solar energy firms require extensive amounts of capital. Be sure you aren’t investing in a company with an unhealthy debt level.
  • Cash flow consistency: Additionally, solar energy companies require a ton of capital to keep operations running smoothly. Much like its peers in the oil and gas business, the equipment needed to manufacture, install and maintain solar systems is costly. Even the solar panels themselves don’t come cheap! To make sure you’re investing in the best solar stocks, keep an eye on their cash flows. Cash flow and debt often go hand-in-hand here.
  • Management that believes: If you’re in it for the money, you’re in the wrong sector. Solar energy firms have an uphill battle to climb thanks to a familiar foe — inertia. Fossil fuels remain the dominant source of global energy and replacing them would require massive infrastructure changes. The management team in a solar energy company must have the longest view in the room because adoption will be a slow and arduous process. This is not the industry for corner-cutting just to make a buck.

Where Do Solar Stocks Fit in Your Portfolio?

Solar energy companies are attempting to serve 2 different customer bases at once. On one hand, solar power is a terrific public good that would greatly reduce fossil fuel consumption and make for a healthier environment. On the other hand, solar power systems are expensive to build and maintain and companies in the sector are often riddled with debt. 

When adding solar stocks to your portfolio, be sure to consider the pros and cons of both the individual companies and the industry as a whole. Just because a company is attempting to do good doesn’t mean it’s a well-run firm. Always thoroughly vet solar companies before investing and have a plan for exiting a speculative trade.