Home
News
- 1 The solar energy sector generates electric power from the sun offering an efficient renewable energy source.
- 2 The demand for solar energy or renewable energy resources is enhanced in the market with the increased awareness of sustainability to protect the environment.
Sustainability is trending in the commercial sector to protect nature and preserve natural resources. Companies working in the solar energy industry played a vital role in bringing a sustainable future hence, experiencing a booming demand. Investing in solar energy stock thus, ensures great returns and benefits in the future. Below are some chief solar energy stocks to invest in 2023.
Enphase Energy Inc. (ENPH)
ENPH is a leading energy management technology firm offering commercial as well as residential solar storage solutions. The company is accountable for producing, storing, monitoring, controlling, and analyzing energy. The current stock price of ENPH is around $177.94 with a market cap of $23 Billion. The stock is a strong buy and is expected to reach $868.45 in 2025 due to increased demand for solar energy solutions.
First Solar Inc. (FSLR)
FSLR is a leader in Module development and is considered among the top 10 module producers. The recent price changes and earning estimation make it a good solar energy stock to invest in 2023. The current stock price of FSLR is $191.30 with a market cap of 20 Billion. The stock price is expected to touch around $306.66 by 2025 end, making it a good choice to invest in.
Brookfield Renewable (BEP)
Another powerful solar energy stock to make an investment in 2023 is BEP that is operating with solar energy generating services including hydroelectric power plants and wind farms. The firm is one of the biggest investors in renewable power with high-class ratings. The stock is standing at $29.83 currently and is assumed to hike to $37.89 by 2025 end. BEP is likely to become valuable and more profitable in the next three years making it a good stock to buy in 2023.
SolarEdge Technologies Inc. (SEDG)
Another popular name in the list of top solar energy stocks is SEDG, offering smart energy living with the aim of turning homes and businesses into sustainable energy hubs. The stock currently is rated to be a strong buy as the stock prices are expected to hike soon. The current stock price of SEDG is $273.56 with a market cap of $15 Billion and is predicted to touch $716.40 by 2025 end. By making an investment in SEDG in 2023 will offer a strong return in the near future.
SunPower Corporation (SPWR)
SPWR is a solar technology and energy service provider that manufactures microinverters, AC panels, and batteries. The company is a strong player in the solar energy sector with a market cap of $2 Billion in 2023. The current stock price of SPWR is around $10.19 and is assumed to boom in the next five to ten years. SPWR’s stock price is predicted to touch $25.27 in 2025, making it a good stock to buy right now.
Conclusion
The solar energy industry experienced rapid growth in the past few years with the booming trend of sustainability. Individuals wishing to make a profit from this opportunity can invest in stocks including Enphase Energy Inc., First Solar Inc., Brookfield Renewable, SolarEdge Technologies Inc., and SunPower Corporation.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
