Within the past decade there has been a surge in the popularity of solar panels as alternative energy sources. They’re a way to cut down on the costs of energy for home owners and this has caused at least some of the stocks to settle in a good position. Investors are beginning to take a hard look at whether the oil and gas industry is the safest bet for their money, and some have turned to what looks like the wave of the future, solar stocks. These green alternatives are quickly becoming a preferred energy source that are a more viable option for preserving what is left of our delicate ecosystem. With environmentalists choosing to take the necessary steps to protect the planet, the probability of solar companies flourishing is becoming more of a certainty. We’ve chosen five solar stocks that are worth your time to research and keep an eye on.
1. First Solar, Inc. (FSLR)
This company is the top pick to keep your eye on. The business is active in development, engineering, construction and operation of several of the biggest PV which are currently connected to large grids, in the world. The company is based out of Arizona and operates on a global level with more than 10 gigawatts installed. The efficiency of their solar modules is rated at 16.3 percent and their production linen is currently shipping solar modules. If you’re looking for a solar company to place your bets on instead of an index fund, this is definitely one to consider. The company is in the process of forming a publicly traded company for owning operating assets producing cash flow and distributing as dividends, known as a yieldco. They’re involved in a yieldco partnership with SunPower, aka 8point3 Energy Partners. First Solar Inc is also allying with Caterpillar in the manufacture of micro-grid applications for the Caterpillar brand.
2. SunPower Corporation. SunPower (SPWR)
SunPower is a United States based company that manufactures high efficiency solar panels that feature the company’s Maxeon cell technology. The company’s base is located in Silicon Valley, the home of several successful tech startups. They currently generate more than 18 million mega watt hours of solar energy. They recently announced the formation of a partnership with the Apple corporation. This agreement will commence with two new power projects and the result is expected to deliver China’s Sichuan province with 40 megawatts. Analysts have been watching SunPower for the past 8 quarters and the expectation by experts in the field are to see the company reach its goal of a price per share between $35 and $36.
3. SolarCity Corporation (SCTY)
Solar City, unlike the previous two solar companies does not produce solar panels, instead, they install solar panels that are manufactured by First Solar, SunPower and companies like them. SolarCity is currently in negotiations to complete an installation and financial package for delivery of solar power packages to commercial and residential buildings. A recent deal with Tesla Motors to lease Powerwall, its solar powered home battery storage unit will begin in the Fall. The deal with Tesla is predicted to drive the SolarCity stock upwards and the recommended target price is set at $90 per share.
4. SunEdison Inc. (SUNE)
This California based company is responsible for the development and operation of solar plants. They currently operate hundreds of these plants with a global PV capacity of 135.8 megawatts on a global level. SunEdison is an opportunity provider for Ontario companies for the leverage of vacant land and rooftop spaces for the installation of solar energy systems. The company arranges both lease and purchase agreements. They are up by 48 percent thanks to a recent huge surge.
5. SunTech Power Holdings Co., Ltd. (STPFQ)
This solar power company is based in China. They are a supplier of PV panels within the categories of monocrystalline and multicrystalline. They oversee PV power to the tune of more than 8 gigawatts within 80 countries throughout the world. Solar is growing quickly in China and the company hopes that investors will take advantage of the opportunity to invests now while the over the counter traded stock has seen an increase off 200 percent in a three month period. While the risk for over the counter stocks may be higher, the potential for greater returns is also a consideration when weighing the risks versus the potential benefits.