4 Solar Stocks To Consider Owning In 2021

The solar sector has been blazing hot over the final three quarters of 2020. In fact, some of these stocks are just heating up as we head into the new year.

The solar industry builds devices that capture the energy from the sun and convert it into power. The industry has grown rapidly as more people become concerned over climate change. Solar stocks should receive an additional boost should President-elect Biden fulfill his promise of re-entering the Paris Climate Change Accord.

Let’s take a quick look at four of the top solar stocks with bullish outlooks for the year ahead: Enphase Energy (ENPH - Get Rating), Canadian Solar (CSIQ - Get Rating), SunPower Corporation (SPWR - Get Rating), and Azure Power (AZRE - Get Rating).

Enphase Energy (ENPH - Get Rating)

ENPH is not a traditional solar company in that it does not make or sell solar panels. Rather, ENPH makes inverter technology used by solar industry power players. This technology enhances energy production while simplifying design and boosting system reliability. ENPH’s technology also improves system uptime and decreases the risk of fire.

ENPH has an “A” grade in the Trade Grade component of the POWR Ratings. The stock also has “B” grades in the Peer Grade and Buy & Hold Grade components. Out of 19 stocks in the Solar industry, ENPH is ranked first.

There have been some rumors swirling that ENPH might be acquired. In the meantime, the stock has been on a roll following the news that the company struck an agreement with MSpectrum to install microinverters in solar panels at both residential and commercial buildings. Furthermore, Barclays has raised ENPH’s price target.

Canadian Solar (CSIQ - Get Rating)

CSIQ is a maker of solar technology components ranging from wafers to modules/panels, cells, ingots, and more. The POWR Ratings reveal CSIQ has an “A” grade in the Trade Grade component, along with a “B” grade in the Buy & Hold Grade component. CSIQ is ranked 5th out of nearly 20 stocks in the Solar industry.

1 2 3
View single page >> |

Disclaimer: Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use, please ...

more
How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.