Global X Solar ETF (NASDAQ:RAYS), Trade Ideas

Aerial,Of,The,Pentagon,,The,Department,Of,Defense,Headquarters,In

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The Pentagon is adding solar panels as the government works on more clean energy initiatives.

Pentagon Roof Is Going Solar: Could The Move By Department Of Defense, Biden Help Boost Solar Stocks?

Solar,Panels,Wind,Turbines,Installed,As,Renewable,Energy,Sources,For

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After Election, Argentine ETF Pops, While This Global Solar Play Slumps - ETF Winners And Losers: Micro-Cap Returns

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Raystream Announces Contract with Grencomm   

Global X Solar ETF

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One of the largest office buildings in the world is going solar, a move that could help provide a boost in interest<a href="https://www.benzinga.com/topic/solar-stocks"> in solar stocks.</a>
What Happened: While clean energy continues to be a topic among politicians, investors and analysts, the sector saw declines over the past year with<a href="https://www.benzinga.com/markets/equities/23/12/36138172/solar-energy-broke-records-in-2023-why-are-shares-tumbling"> solar stocks getting hit hard.</a>
Recent news involving the Pentagon, which is one of the world's largest office buildings, could put a spotlight on solar and cost savings.
The U.S. Department of Defense is set to install rooftop solar panels for the Pentagon in Washington, D.C., as part of a new clean energy plan from the Biden administration, as reported by <a href="https://electrek.co/2024/01/18/the-pentagon-one-of-the-worlds-largest-buildings-is-getting-rooftop-solar/">Electrek</a>.
The new plan hopes to "reestablish the federal government as a sustainability leader."
Along with the rooftop solar panels, the Pentagon is also installing solar thermal panels and a heat-recovery heat pump system.
According to the report, the new solar initiatives could help the Pentagon see an annual cost reduction of $1.36 million.
The Pentagon, which is more than 6.6 million square feet, will have 95% of space heating and hot water heating powered by solar initiatives.
"By rethinking how we generate, distribute, and use energy, DoD is making our installations more resilient, better securing our critical infrastructure, and saving money — a win for warfighters and taxpayers alike," Deputy Secretary of Defense Kathleen Hicks said.
Electrek notes that Jimmy Carter had solar water panels installed on the White House when he was President. Ronald Reagan later had them removed when he was president.
Related Link: <a href="https://www.benzinga.com/news/23/03/31387298/a-house-equipped-with-tesla-solar-roof-earns-350-a-month-for-owner">A House Equipped With Tesla Solar Roof Earns $350 A Month For Owner</a>
Why It's Important: The U.S. Department of Energy's Assisting Federal Facilities with Energy Conservation Technologies (AFFECT) program will see 31 federal facilities receive $104 million in grants for clean energy projects, including the Pentagon.
While no companies have been named to work with the Pentagon on the solar energy initiative at this time, the sector could see a lift from the attention and more federal government projects involving solar.
Here's a look at some of the top solar stocks and their one-year price change:
First Solar Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>): -13%
SunPower Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>): -82%
SolarEdge Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>): -76%
Sunrun Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>): -50%
Enphase Energy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>): -54%
Solar ETFs have also fallen sharply over the past year with the Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) down 45% and the Global X Solar ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RAYS#NASDAQ">RAYS</a>) down 48%.
Known best for its electric vehicles, Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is also a leading solar company and could be one to watch with increased attention put on the sector. The company deployed 49 MW of solar in <a href="https://www.benzinga.com/news/earnings/23/10/35318136/tesla-q3-earnings-highlights-revenue-miss-eps-miss-cybertruck-launch-set-for-november-and-more">the third quarter.</a>
Tesla is exploring ways to use its solar panels to help other countries <a href="https://www.benzinga.com/news/23/04/32091804/can-tesla-solar-help-low-income-housing-new-european-test-will-find-out">and low-income housing</a>. The company could look to take advantage of a surge in demand for solar initiatives from the U.S. government. 
While the Biden administration and Tesla CEO Elon Musk haven't always been friendly, the company is still one to watch for increased solar deployment in the country.
Read Next: <a href="https://www.benzinga.com/markets/equities/23/10/35160316/palantir-seals-whopping-deal-with-pentagon-for-ai-expansion">Palantir Seals Whopping Deal With Pentagon For AI Expansion</a>

We performed a screening of micro-cap ETFs, defined as having Assets Under Management (AUM) under $400 million &#8211; to determine what funds had the largest positive and negative returns on the week, according to data from <a href="http://etfdb.com">etfdb.com</a>. Only non-leveraged funds were considered.
<h2 class="wp-block-heading">Winners</h2>
Breakwave Dry Bulk Shipping ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BDRY#NYSE">BDRY</a>)
BDRY is up 21.03% over the trailing week.
The Breakwave Dry Bulk Shipping ETF offers exposure to the dry bulk shipping market through a portfolio of near-dated freight futures contracts on dry bulk indices.
The fund has $65.8 million in AUM and an expense ratio of 2.85%.&nbsp;
BDRY is down 15.45% YTD.
Global X MSCI Argentina ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARGT#NYSE">ARGT</a>)
ARGT was up 7.51% on the week.
The Global X MSCI Argentina ETF offers exposure to the Argentine markets.
ARGT has $77.9 million in AUM and an expense ratio of .59%. The fund has holdings in 26 companies, with the 10 largest comprising 70.33% of the fund.
The fund's largest holdings are MercadoLibre, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>) and YPF SA Sponsored ADR Class D (BSBA: YPFD) making up 25.89% and 7.95% of the fund, respectively.
YTD, ARGT is up 49.64%.
<h2 class="wp-block-heading">Losers</h2>
Simplify Tail Risk Strategy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CYA#NYSE">CYA</a>)
CYA is down 13.52% over the trailing week.
The Simplify Tail Risk Strategy ETF seeks to provide income and capital appreciation while protecting against significant downside risk to investors with a standalone solution for hedging diversified portfolios against severe equity market selloffs.
CYA has $9.1 million in AUM and an expense ratio of 0.164%.&nbsp;
CYA is down 95.05% YTD.
Global X Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RAYS#NYSE">RAYS</a>)
RAYS is down 6.40% over the trailing week.
The Global X Solar ETF offers exposure to the global renewable energy market, focused on companies involved in the production and deployment of solar panels.
The fund has $6.1 million in AUM and an expense ratio of 0.51%. RAYS has holdings in 51 companies, with the 10 largest comprising 54.35% of the fund.
The fund's largest holdings are First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) and Sungrow Power Supply Co., Ltd. Class A (SHE: 300274) making up 9.27% and 8.92% of the fund, respectively.
RAYS is down 42.59% YTD.

Raystream Inc.(OTCBB: <a class="ticker" href="/stock/rays#OTCBB">RAYS</a>), a global High Definition video compression
services company, is entering a 30-day evaluation period with IPTV video
streaming company, ZooVision, based in Kalamazoo, Mich., which offers
subscribers both video-on-demand and live streaming video services.

“ZooVision is changing the way people use their smart phones and connected TVs
to access entertainment. Through this evaluation period, Raystream will
demonstrate how our proprietary High Definition video compression tools will
reduce the size of ZooVision's HD video files by an average of 70 percent.
That reduction will allow Raystream to drastically decrease ZooVision's
bandwidth and data storage costs,” says Raystream CEO Brian Petersen. “Because
Raystream's HD video compression solution shrinks HD video files without
losing the pristine image quality or deep color saturation associated with
high def, ZooVision subscribers will see the sharp, beautiful videos they
expect.

ZooVision Enters Smart Start Evaluation Agreement with Raystream™ Inc.

Raystream Inc. (OTC BB: RAYS) announces a variable use license agreement with Grencomm. Grencomm will use Raystream's proprietary compression technology to drastically reduce the size of HD video files it streams through its video-on–demand platform, RUSH TV -- Grenada's first online television station -- that has an audience spanning across more than 35 countries. Raystream's unique compression tools will greatly reduce Grencomm's bandwidth costs and eliminate the buffering issues, while maintaining the crisp, clear images and vibrant colors associated with high definition video. 

“We are delighted to announce that Grencomm will be using Raysteam's HD video compression solution. Not only will Grencomm be able to significantly decrease bandwidth costs while delivering a far better viewing experience to its large and rapidly growing international RUSH TV audience, but the clarity of the HD video images will remain exceptionally clear,” said Brian Petersen, Raystream's CEO.

Raystream Inc. (OTC: <a class="ticker" href="/stock/rays#OTC">RAYS</a>), announces it will provide real-time compression of live streaming HD video to
the Christian Broadcasting Network on a 60-day trial period with an
opt-in program.

“We are pleased to welcome Christian Broadcasting Network as another one of
Raystream's customers to trial the integration of our live streaming HD video
solution with our HD video compression technology,” said Brian Petersen,
Raystream's CEO. “This trial will allow CBN to use our proprietary technology
to broadcast HD video into the Middle East.”

Events

Raystream Announces Trial Agreement with Christian Broadcasting Network

See the tweet <a href="http://twitter.com/#!/geoinvesting/status/144854073366167552">here</a>

Short Sellers

Short Ideas

Rumors

RAYSTREAM Mentioned as Pump & Dump by Geoinvesting

Shares of Raysteam (OTC: RAYS.OB), a maker of video compression technology, are up almost 9% today despite <a href="http://thestreetsweeper.org/undersurveillance/RAYS_of_Sunshine_____or_Clouds_of_Doom_">a piece by TheStreetSweeper</a> highlighting the fact that the open-source software sold by the Texas-based company is substantially available elsewhere for free and a string of questionable endorsements of the stock from compensated parties.

Previously, Raystream CEO Brian Peterson proudly declared that the company's “disruptive technology could forever alter the way business is done online.” Peterson's announcement further explained that this “proprietary” technology “could reduce the bandwidth required to stream HD video online by up to 70%,” TheStreetSweeper <a href="http://thestreetsweeper.org/undersurveillance/RAYS_of_Sunshine_____or_Clouds_of_Doom_">reported</a>.

The report details a relationship between Raystream and a company called Unlimited Trade that promoted the stock. Unlimited Trade owns 5 million shares of Raystream and paid millions for a promotional campaign designed to increase the value of those shares, according to TheStreetSweeper.

Also dubious is Raystream's $89 million market value at the time of the piece, but that comes with just $200 in revenue, TheStreetSweeper reported. 

In addition to Unlimited Trade, several other sources were compensated for touting Raystream, including Stock Market Authority, which received $150,000 for issuing bullish calls on the stock, according to TheStreetSweeper. Calls and an email to Raystream were not returned, TheStreetSweeper notes in its piece.

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Raystream Rises As StreetSweeper Uncovers Oddities 

Link to the <a href="http://thestreetsweeper.org/undersurveillance/RAYS_of_Sunshine_____or_Clouds_of_Doom_">blog post.</a>

UPDATE: Negative Blog Post on Raystream by TheStreetSweeper 

TheStreetSweeper Negative on Raystream

TheStreeSweeper announces a short position in RAYSTREAM (OTC: <a class="ticker" href="/stock/rays#OTC">RAYS</a>). According to the email, "TheStreetSweeper has shorted a total of 20,000 shares of RAYS at an average price of $1.38 a share."

UPDATE: TheStreeSweeper Announces Short Position in RAYSTREAM

TheStreeSweeper Short RAYSTREAM

Raystream Inc. (OTC BB: RAYS) today announced a new partnership with Laterna Magica, a video advertising production company based in Germany and South Africa. Laterna Magica provides video services to clients like Nestlé, Lufthansa, Alfa Romeo, and Danone. 

“The Laterna Magica contract is in line with our global expansion strategy,” stated Brian Petersen, Raystream's CEO. “We are receiving a number of inquiries from companies worldwide that provide an array of video services. Laterna Magica is the first of what we anticipate will be a long line of online video services businesses around the world that will realize the significant benefits of Raystream's HD video compression technology.”

Global

Raystream Announces New Contract Win in Europe   

Raystream Inc. (OTC BB: RAYS) today announced its new live streaming solution that enables real-time compression for distribution of live broadcast HD videos. 

“We are pleased to announce this first-of-a-kind, real-time HD video compression streaming software, which enables HD video to be compressed as it is generated, prior to streaming over the Internet,” said Brian Petersen, Raystream's CEO. “Raystream's business customers can now seamlessly incorporate our real-time video compression technology into their existing video streaming processes, significantly reducing the bandwidth needed to stream live events.” 

The new live streaming solution is applicable to any event, such as live webinars, web-based shareholder meetings, concerts, and satellite broadcast sports and news. Bandwidth requirements and costs are drastically reduced, with no decrease in the quality or clarity of the video.

Raystream Announces Live Streaming HD Video Compression Technology   

Raystream Inc. (OTCBB: RAYS) today announced the company is launching its proprietary online video compression technology with a B2B platform. The B2B model targets advertising and marketing agencies, content delivery and distribution networks, online video properties and telecommunication companies as well as other Internet or mobile online video businesses. 

Led by Raystream's CEO and serial entrepreneur, Brian Petersen, said, “Our proprietary breakthrough compression technology is a disruptive innovation that will forever alter the way businesses and people use video online. We are creating a win-win situation for our B2B clientele by sharing our vision to deliver an unparalleled viewer experience at a much lower cost.” 

Raystream's compression technology breaks through the bandwidth barriers that cause upload and buffering issues by drastically reducing the size of HD video files by up to 90 percent, with an average of approximately 70 percent, and with no loss in clarity or quality. Raystream's market-leading conversion and streaming platform supports 720p and 1080p HD resolution videos over standard Digital Subscriber Lines (DSL), as highlighted in this short video clip www.raystream.com/clip. 

According to Cisco's Visual Networking Index (VNI), by the end of 2011, online video delivery will become the largest single Internet traffic category. Further, the study states that by 2015, as much as 90 percent of Internet traffic will be video data. 

“This explosive growth is a perfect fit for Raystream's optimization services. For content providers, the significant decrease in bandwidth cost is augmented by the ability to expand their online video market reach from a small, high-speed sub-segment of the Internet to essentially the entire Internet population,” Petersen explained. “Mobile reach is also extended, with higher quality videos being delivered at far less bandwidth over 3G networks. Raystream's video compression technology is a true game-changer. Gone are the days of waiting for a video to load, then being unable to enjoy its content because of frequent stops and buffering. Gone are the days of prohibitive bandwidth costs for online video content providers.”

Raystream Launches Breakthrough Online Video Compression Technology   

Massif Capital Q4 2023 Letter To Investors

Mining The Gap For Low Carbon Transition Materials

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Most&nbsp;<a href="https://investorplace.com/industries/energy/renewable-energy/solar/">renewable energy stocks</a>&nbsp;struggled in 2023. The&nbsp;iShares Global Clean Energy ETF&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/icln-stock-quote/">ICLN</a>), which holds some 135 different clean energy public companies, fell more than 20% in 2023. Similarly, the&nbsp;Global X Solar ETF&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/rays-stock-quote/">RAYS</a>), which holds about 53 different solar names, plummeted 38%.



Elevated interest rates and relatively lower oil prices fomented an overall disinterest in renewable&nbsp;<a href="https://investorplace.com/industries/energy/">energy stocks,</a>&nbsp;many of which rely on debt capital to build out their facilities and products. However, with interest rates likely to come down in 2024, coupled with the number of government incentives flooding the sector, 2024 could turn out to be a much better year for clean&nbsp;<a href="https://investorplace.com/industries/energy/renewable-energy/">renewable energy stocks.</a>



Below are three renewable energy ETFs to put on your watchlist. 



<h2>Simplify Volt RoboCar Disruption and Tech ETF (VCAR)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/electric-vehicles-300x169.jpeg" alt="EV stocks: Electric vehicle logo painted on a blue street"><div>Source: Shutterstock</div></div>


Simply Volt RoboCar Disruption and Tech ETF (NYSEARCA:<a href="https://investorplace.com/stock-quotes/vcar-stock-quote/">VCAR</a>) takes a concentrated approach. It focuses on the few companies that appear poised to dominate new technology industries, including the electric vehicles and autonomous driving industries as well as the artificial intelligence space. Tesla (NASDAQ:<a href="https://investorplace.com/stock-quotes/tsla-stock-quote/">TSLA</a>) and Nvidia (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>), for example, are <a href="https://app.koyfin.com/snapshot/hds/et-nl32eg">amongst</a> the ETF&rsquo;s largest holdings. 



Moreover, this particular ETF attempts to enhance investor returns by employing the use of <a href="https://www.fool.com/terms/o/options/">options</a>. VCAR is <a href="https://app.koyfin.com/charts/gm/et-nl32eg">trading up</a> nearly 7% YTD, beating both the <a href="https://investorplace.com/stock-quotes/s&amp;p500-stock-quote/">S&amp;P500</a> and the <a href="https://investorplace.com/stock-quotes/nasdaq-stock-quote/">Nasdaq</a>. With an expense ratio of just above 1%, this ETF can be a great way by which investors diversify their holdings and reap decent rewards. 



<h2>Global X Autonomous &amp; Electric Vehicles ETF (DRIV)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/05/evs-1600-1-300x169.png" alt="Illustration of an electric car charging outside of a city with wind turbines in the background; EV"><div>Source: petovarga / Shutterstock</div></div>


Global X Autonomous &amp; Electric Vehicles ETF (NASDAQ:<a href="https://investorplace.com/stock-quotes/driv-stock-quote/">DRIV</a>) invests in stocks of companies operating across development of electric vehicles and autonomous vehicles. The ETF has more than $638 million of assets under management. Unlike the VCAR ETF, DRIV does not take a concentrated investment strategy. The exchange-traded fund <a href="https://app.koyfin.com/snapshot/hds/et-4j5205">holds</a> 84 names with Nvidia and Toyota (NYSE:<a href="https://investorplace.com/stock-quotes/tm-stock-quote/">TM</a>) being the top two names, both of which have a weighting of less than 4%. 



Currently, DRIV shares are <a href="https://app.koyfin.com/charts/gm/et-4j5205">down</a> more than 3% in 2024, likely due to the way <a href="https://investorplace.com/industries/consumer-discretionary/automotive/electric-vehicles/">EV stocks</a> have performed thus far. However, DRIV&rsquo;s share price could pick up as interest rates decline in the latter half of 2024. 



<h2>Global X Solar ETF (RAYS)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/shoals_shls_solar_1600-300x169.png" alt="solar and wind power in coastal saline and alkaline land, develop shoals background representing solar stocks."><div>Source: chuyuss / Shutterstock.com</div></div>


The Global X Solar ETF was mentioned in the beginning of this article, and the funds primary focus is on solar energy. Having both a proclivity for growth and value stocks, the ETF invests in stocks of companies operating in different segments of the solar space, including solar energy materials, solar energy systems and components, power production, technology, installation and maintenance.



The Global X Solar ETF does have concentrated investment approach. In particular, Enphase Energy (NASDAQ:<a href="https://investorplace.com/stock-quotes/enph-stock-quote/">ENPH</a>) and First Solar (NASDAQ:<a href="https://investorplace.com/stock-quotes/fslr-stock-quote/">FSLR</a>) are its <a href="https://app.koyfin.com/snapshot/hds/et-q0ojrf">two largest holdings</a> with 11.9% and 8.3% fund weighting, respectively. Both of these companies focus on manufacturing solar panels and are, as a result, sensitive to real interest rates. As the Fed moves to lower rates later on this year, the Global X Solar ETF could experience a significant rally and benefit holders.



On the date of publication, Tyrik Torres did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>Tyrik Torres has been studying and participating in financial markets since he was in college, and he has particular passion for helping people understand complex systems. His areas of expertise are semiconductor and enterprise software equities. He has work experience in both investing (public and private markets) and investment banking.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/02/3-renewable-energy-etfs-to-watch-now-vcar-leads-the-way/">3 Renewable Energy ETFs to Watch Now: VCAR Leads the Way</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Renewable Energy ETFs to Watch Now: VCAR Leads the Way

Goehring & Rozencwajg Q4 2023 Natural Resource Market Commentary

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
It was all doom and gloom for <a href="https://investorplace.com/industries/energy/renewable-energy/solar/">solar stocks</a> in 2023.&nbsp;&nbsp;Rising interest rates had the biggest, most negative impact on the industry. After all, when rates are high, it becomes far more expensive for solar companies to finance projects, which can also cut into margins. Coupled with higher labor costs and regulatory changes, we can see why the industry took a hit. However, with a good chunk of negativity priced in, it may be time to start looking at top solar stocks to buy.



Not helping, though, California instituted its net energy metering 3.0. The <a href="https://www.energysage.com/blog/net-metering-3-0/">new tariff regime</a> cuts compensation rates for new solar customers by 75%. If the customers add energy storage, however, the economic proposition for a solar installation becomes more favorable. 



The good news is most of the negativity from California has also been priced into solar stocks. Better, we&rsquo;re just now starting to see improving earnings. First Solar&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/fslr-stock-quote/">FSLR</a>), for example, just posted higher quarterly revenue and profits and expects full-year earnings to nearly double from the year-ago period. 



Should interest rates come down, as hoped, solar names could see sunnier days ahead.&nbsp;That&rsquo;s why investors should check out these three hot solar stocks to buy.



<h2>Sunrun (RUN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/08/sunrun-run-1600-300x169.jpg" alt="The Sunrun (RUN) logo is displayed on a smartphone screen in front of an American flag."><div>Source: IgorGolovniov / Shutterstock.com</div></div>Let&rsquo;s start with Sunrun (NASDAQ:<a href="https://investorplace.com/stock-quotes/run-stock-quote/">RUN</a>). Over the last few days, the stock fell from about $18 to just under $12, where it caught support. It&rsquo;s also over-extended on RSI, MACD, and Williams&rsquo; %R. From its current price of $11.96, I&rsquo;d initially like to see it refill its bearish gap around $15.41.&nbsp;



Helping, analysts at&nbsp;<a href="https://www.cnbc.com/2024/02/22/sunrun-stock-could-double-in-value-as-company-shifts-to-solar-energy-storage-jeffries-says.html">Jefferies say RUN could double</a>&nbsp;as the company shifts to solar energy storage.&nbsp;In fact, analyst Dushyant Ailani now has a buy rating on RUN, with a price target of $31.&nbsp;



He believes the company &ldquo;is the leading clean energy provider with a 60% residential market share for new subscriptions,&rdquo; as noted by CNBC. &ldquo;Sunrun&rsquo;s transition from a solar only company to one that also provides battery storage should act as a catalyst that will increase the net value of its subscribers.&rdquo;



<a href="https://markets.businessinsider.com/news/stocks/goldman-sachs-maintains-buy-rating-for-sunrun-here-s-what-you-need-to-know-1032909894">Goldman Sachs also has a buy rating on RUN</a>. Even Bank of America, which tagged it with a buy rating and a price target of $21 a share.



<h2>SolarEdge (SEDG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/12/solaredge-sedg-1600-300x169.jpg" alt="the solar edge logo on an iPhone. SEDG stock"><div>Source: rafapress / Shutterstock.com</div></div>Another one of the top solar stocks to buy is&nbsp;SolarEdge&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/sedg-stock-quote/">SEDG</a>), a $3.88 billion solar and energy storage company now trading at $67 a share.



Granted, the company just reported a 65% decline in sales year over year. It also just posted a loss of $2.85 a share, reversing a year-ago profit. However, not only has that negativity been priced in,&nbsp;<a href="https://www.fool.com/investing/2024/02/28/solaredge-stock-48-upside-wall-street-analyst/#:~:text=Osborne%20did%20lower%20his%20price,if%20Osborne%27s%20analysis%20is%20correct.">TD Cowen analysts are bullish</a>. In fact, the firm maintained an outperform rating on the SEDG stock, with a new price target of $100 a share.



Even better,&nbsp;<a href="https://investors.solaredge.com/news-releases/news-release-details/solaredge-announces-fourth-quarter-2023-and-full-year-2023">according to SEDG CEO</a>, &ldquo;We believe we are well positioned for the next growth cycle in our industry due to our expanding product portfolio as well as the operational and cost reduction measures we have taken.&rdquo;



Plus, company&nbsp;<a href="https://www.nasdaq.com/articles/monday-3-4-insider-buying-report:-d-sedg">director Avery More just bought 7,000 shares</a>&nbsp;of SEDG for $67.75 per share for $474,250. Before this buy, More bought $1.09 million worth of shares in 2023.



<h2>Global X Solar ETF (RAYS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/solar1600c-300x169.jpg" alt="Solar panels in an open area, with the sun shining over them; solar stocks"><div>Source: Shutterstock</div></div>We can also look at the&nbsp;Global X Solar ETF&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/rays-stock-quote/">RAYS</a>), which allows us to diversify with 50 solar holdings for about $11.65 a share at the moment.



<a href="https://www.globalxetfs.com/funds/rays/">With an expense ratio of 0.51%</a>, the ETF invests in companies involved with solar power production, solar-powered generators, engines, and batteries. Some of its top holdings include&nbsp;Enphase Energy NASDAQ:<a href="https://investorplace.com/stock-quotes/enph-stock-quote/">ENPH</a>), First Solar, SolarEdge, and Sunrun to name a few.



After plummeting from about $26 to a low of $10.51, the ETF is slowly starting to pivot higher. Better, along with the broader industry, the ETF appears to have priced in a good deal of negativity. From its last traded price of $11.66, I&rsquo;d like to see it test $19 again near term.



Remember, ETFs are always a great addition to your portfolio. Not only do they allow you to diversify with leading stocks, but they also allow you to do so at a low cost.



On the date of publication, Ian Cooper did not hold (either directly or indirectly) any positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.</div><h3>More From InvestorPlace</h3>
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