In this article, we will take a look at the 10 Best Solar Stocks to Buy Now.
The clean energy sector is under intense pressure from the second Trump administration. The rollback of tax incentives established during Biden’s term has sharply dampened investor sentiment in solar and wind stocks. Trump’s tariffs on imported solar panels have further worsened the landscape.
Building on this, the Trump administration’s countervailing duties of up to 126% on solar cell and module imports from India present another significant headwind for the sector. Consequently, stocks remain under pressure as markets react to steep tariffs and increased uncertainty around exports to the US. Nevertheless, SBI Securities’ Sunny Agrawal believes the market has overreacted.
Despite the disruption to solar export flows from India caused by these tariffs, their direct impact on earnings is likely to be limited. Agrawal does not expect the tariffs to affect any particular solar panel company. In addition, the 126% tariffs apply only to modules using India-made solar cells and not panels assembled in India using imported cells.
“Even if we assume 5 GW of exports, India’s annual demand is about 40 GW. So the additional supply can be absorbed domestically,” Agrawal said.
Rupesh Sankhe of Elara Securities notes that US-bound solar exports have steadily declined in recent years. He sees these tariffs as a boost for local manufacturing.
“As per management commentary, they can source solar cells from countries where duties are lower. Domestically manufactured cells are being used for DCR models ( Domestic Content Requirement). That flexibility is available,” Sankhe said.
Amid these challenges, the US energy storage industry has entered a new phase of sustained high-volume deployment, expected to support the solar industry and affirm a boom in clean energy. According to the Solar Energy Industries Association (SEIA) and Benchmark Mineral Intelligence, US battery installations reached a record 57.6 GWh in 2025, up 30% year on year.
Our Methodology
To compile the list of 10 Best Solar Stocks to Buy Now, we used Finviz Screener and analyzed Clean Energy ETFs to shortlist companies with significant exposure to Solar energy and products. We then trimmed the stocks by focusing on those with positive upside potential. We limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and elite hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research shows we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
Best Solar Stocks to Buy Now
10. Xinyi Solar Holdings Ltd (OTCMKTS:XNYIF)
Xinyi Solar Holdings Ltd (OTCMKTS:XNYIF) is one of the best solar stocks to buy now. On February 28, Xinyi Solar Holdings Ltd (OTCMKTS:XNYIF) Chairman Dr LEE Yin Yee reiterated his focus on strengthening the core business and capturing new growth opportunities in the race to deliver long-term economic value to shareholders.
The remarks follow a challenging 2025, where global photovoltaic installation growth slowed down due to escalating geopolitical tensions and rising trade barriers. Xinyi Solar achieved a 4.2% increase in annual sales volume of solar glass. Total revenue dropped to RMB20,861.2 million, down from RMB 21,921.4 million in 2024, due to lower selling prices.
Total profit attributable to equity holders dropped to RMB844.5 million compared to RMB 1,008.2 million in 2024. The drop was due to impairment provisions of solar glass and polysilicon manufacturing facilities. In addition, the company continues to capitalize on the growing demand in the overseas market. Overseas sales of solar glass were up 36% in 2025, driven by strong demand in the US and India following the commissioning of new solar module capacity.
Xinyi Solar Holdings Ltd (OTCMKTS:XNYIF) is the world’s largest manufacturer of solar photovoltaic (PV) glass, with roughly 30% global market share. Headquartered in Wuhu, China, the company specializes in producing ultra-clear patterned, anti-reflective coating, and back glass for solar modules.
9. Enphase Energy, Inc. (NASDAQ:ENPH)
Enphase Energy, Inc. (NASDAQ:ENPH) is one of the best solar stocks to buy now. On February 25, analysts at Jefferies upgraded Enphase Energy, Inc. (NASDAQ:ENPH) to a Buy from a Hold and raised the price target to $57 from $42.
The upgrade is in response to what the research firm believes is improving visibility across demand product launches and margin expansion. The solar technology company is expected to gain momentum in storage as it launches its fifth-generation product in the second half of 2026.
In return, margins are expected to ramp to the corporate average at a minimum. Enphase has already started ramping up its IQ9 platform for commercial and industrial applications, as it also sets its sights on residential.
Enphase has also inked a strategic collaboration with Capital Good Fund to support 24 megawatts of small commercial and residential solar projects in Georgia and Pennsylvania. The agreements are to expand the deployment of the company’s IQ8P-3P and IQ9N-3P microinverters manufactured in the United States.
“Small commercial and residential projects demand technology that performs reliably for decades, and Enphase delivers,” said Ken Fong, senior vice president of sales at Enphase Energy. “Our microinverter systems are designed to support long-term reliability, panel-level visibility, and strong operational performance for asset owners and TPO providers like Capital Good Fund.”
Enphase Energy, Inc. (NASDAQ:ENPH) is an energy technology company that develops and manufactures solar micro-inverters, battery energy storage, and EV charging stations primarily for residential customers.
8. First Solar, Inc. (NASDAQ:FSLR)
First Solar, Inc. (NASDAQ:FSLR) is one of the best solar stocks to buy now. First Solar (NASDAQ:FSLR) has a consensus rating of Moderate Buy from 24 analysts. The 12-month price target averages $251.49, ranging from $150 to $312, implying a potential 25.8% upside from its current price of $199.86.
On February 26, analysts at Deutsche Bank downgraded First Solar, Inc. to Hold from Buy and lowered the price target to $245 from $300. According to the analysts, the downgrade reflects disappointment over the company reportedly missing fourth-quarter earnings estimates by 6%.
The company delivered fourth-quarter revenue of $1.7 billion, an increase of $0.1 billion year over year. The increase was driven by a higher volume of modules sold as full-year net sales increased 24% to $5.2 billion. Fourth-quarter net income per diluted share totaled $4.84, and the full-year total was $14.21 per diluted share.
Jefferies also lowered its price target for the stock to $205 from $260, citing concerns about the company’s forward-looking guidance as the reason for the reassessment. According to the research firm, the company’s 2026 guidance fell short of expectations having already been reduced. First Solar projected 2026 revenue of $4.9–$5.2 billion, which is 17% below analysts’ estimates.
First Solar, Inc. (NASDAQ:FSLR) leads US photovoltaic solar solutions, specializing in cadmium telluride thin-film modules. As the largest US solar manufacturer, it supplies utility-scale, eco-efficient plants focused on reducing carbon emissions.
7. Array Technologies, Inc. (NASDAQ:ARRY)
Array Technologies, Inc. (NASDAQ:ARRY) is one of the best solar stocks to buy now. On February 26, Array Technologies, Inc. (NASDAQ:ARRY) reported fourth-quarter and full-year results with a record $2.2 billion order book and 35% annual volume growth, demonstrating the payoff from investments in product advancement and technical sales.
Full-year revenue was up 40% to $1.28 billion, while fourth-quarter revenue came in at $226 million. However, gross margin compressed to 23.2% from 32.5% in 2024. Full-year net loss shrank to $112 million compared to $296.1 million in 2024. The company also posted a net loss per diluted common share of $0.01 in the fourth quarter and net income per diluted share of $0.67 for the full year.
“In 2026, we are introducing our strategic imperatives, which focus on innovating our future, elevating our international business, and advancing our customer-first culture to deliver long-term value. In the year ahead, we plan to launch multiple new products—including an integrated tracker and foundation solution and new tracker offerings,” said Kevin Hostetler.
Following the fourth-quarter and full-year results, Jefferies lowered its price target for Array Technologies stock to $8.50 from $11 while maintaining a Buy rating. According to Jefferies, the price target cut reflects concerns that management is prioritizing backlog growth, potentially at the expense of margins. This strategic shift is part of the company’s effort to achieve higher EBITDA margins over time.
Array Technologies, Inc. (NASDAQ:ARRY) is the global authority in utility-scale solar tracking technology. The company designs and manufactures single-axis trackers to maximize energy production and boost solar project efficiency.
6. Canadian Solar Inc. (NASDAQ:CSIQ)
Canadian Solar Inc. (NASDAQ:CSIQ) is one of the best solar stocks to buy now. On February 24, Canadian Solar Inc. (NASDAQ:CSIQ ) subsidiary Recurrent Energy finalized the sale of its 200MWh Fort Duncan Battery Storage facility to Hunt Energy Network.
The sale comes on the heels of the Fort Duncan Battery Storage reaching commercial operation in June of 2025 . Early last year, Recurrent Energy secured $183 million in financing for the project . Canadian Solar is to recognize revenue from the sale of the battery storage unit in Q1 2026.
Ismael Guerrero, CEO of Recurrent Energy, said, “We are very pleased to complete the sale of Fort Duncan Storage to Hunt Energy Network. The project has demonstrated exceptional performance and has become a reliable and responsive asset for the Texas grid. This transaction is an important milestone in our strategic initiative to selectively monetize projects to support our continued growth.”
Earlier, on February 11, Canadian Solar delivered its first grid-connected battery energy storage system in Japan through its e-STORAGE subsidiary. Canadian Solar Projects K.K. developed the system, which is expected to participate in both the Japan Electric Power Exchange and the Balancing Market.
“This energy storage project represents a key milestone in Canadian Solar’s commitment to supporting Japan’s energy transition,” said Colin Parkin, President of Canadian Solar and e-STORAGE.
Canadian Solar Inc. (NASDAQ:CSIQ) is a major global renewable energy player. It manufactures solar PV modules, delivers battery energy storage solutions, and develops large-scale solar and battery projects.
5. Tigo Energy, Inc. (NASDAQ:TYGO)
Tigo Energy Inc. (NASDAQ:TYGO) is one of the best solar stocks to buy now. On February 25, Tigo Energy Inc. (NASDAQ:TYGO) entered into a definitive agreement with an institutional investor for the purchase and sale of 5 million shares at $3 a share. The company is poised to generate $15 million in gross proceeds from the offering. It plans to use net proceeds from the offering for general corporate and working capital purposes.
Earlier, on February 24, the company delivered strong fourth-quarter results at the back of a seasonally slower solar installation period and a cold-weather period. Revenue in the period was up 73% to $30 million, as income from operations increased to $0.3 million, from an operating loss of $24.1 million in Q4 2024. The company bounced to profitability with a net income of $11.7 million compared to a net loss of $26.8 million in the fourth quarter of 2024.
Full-year revenue increased 91.7% to $103.5 million, while gross profit totaled $44.4 million. Full-year net loss narrowed to $1.9 million compared to a net loss of $62.7 million in 2024. Tigo Energy Inc. expects first-quarter revenue to range between $25 million and $27 million, with full-year revenue expected to grow by 26% to 30%.
Bill Roeschlein, Chief Financial Officer of Tigo, added: “The first quarter outlook reflects weather-related seasonality in EMEA revenue and prudently incorporates a potential $500 thousand operating expense reserve related to a slow-paying distributor that we are actively addressing.
Tigo Energy, Inc. (NASDAQ:TYGO) is a leading provider of intelligent solar energy solutions, specializing in Module Level Power Electronics (MLPE) such as power optimizers, inverters, and battery storage. It designs hardware and software that increase solar energy yield, enhance safety via rapid shutdown, and improve monitoring for residential and commercial solar installations.
4. Shoals Technologies Group, Inc. (NASDAQ:SHLS)
Shoals Technologies Group, Inc. (NASDAQ:SHLS) is one of the best solar stocks to buy now. On February 26, Shoals Technologies Group, Inc. (NASDAQ:SHLS) announced a strategic collaboration with ON.energy for the deployment of multiple gigawatts of critical power systems into the AI data center market.
The two are joining forces at a time when AI and cloud workloads are increasingly accelerating data center growth and raising the bar for power reliability. Shoals is well-positioned to support growth by scaling its production capacity through an expansion into a 638,000-square-foot manufacturing campus in Portland.
“As AI and cloud computing drive unprecedented growth in energy demand, data centers are under pressure to secure long-term, reliable power, rapidly and at scale,” Brandon Moss, CEO of Shoals, stated.
The push for opportunities in the AI and data center market comes on the heels of an exceptional 2025, during which the company achieved a record backlog and awarded orders totaling $747.6 million. The company achieved a 39% increase in fourth quarter revenue to $148.3 million, driven by an increase in sales volumes from higher demand for products to meet the utility scale in solar projects. Gross profit in the quarter increased to $46.9 million. Net income in the quarter increased to $8.1 million from $7.8 million the same quarter.
Full-year revenue was up 19% to $475.3 million, while net income increased to $33.6 million from $24.1 million in 2024.
Shoals Technologies Group (NASDAQ:SHLS) is a leading provider of electrical balance-of-system (EBOS) solutions for solar energy projects, specializing in components such as cable assemblies, combiners, and disconnects that connect solar panels to the grid. Their products increase installation efficiency and reliability for utility-scale solar and battery storage projects.
3. Sunrun Inc. (NASDAQ:RUN)
Sunrun Inc. (NASDAQ:RUN) is one of the best solar stocks to buy now. On February 26, CFO Danny Abajian affirmed Sunrun Inc. (NASDAQ:RUN) is on pace for another strong year, having surpassed its cash generation midpoint for 2025.
The remarks coincide with the company delivering fourth-quarter revenue of $1.16 billion, up 124% year over year. The increase came as customer agreements and incentives revenue increased 20% to $466.5 million. Net income attributable to shareholders totaled $103.6 million, or $0.45 a share, or $0.38 per diluted share. Full-year revenue increased 45% to $2.975 billion, while net income totaled $449.9 million, or $ 1.96 per share.
Amid strong fourth-quarter and full-year results, Jefferies downgraded Sunrun to Hold from Buy, maintaining a $22 price target. The downgrade was due to Jefferies’ concerns about Sunrun’s 2026 outlook, specifically the company’s cautious commentary.
Sunrun expects aggregate subscriber value to range from $850 million to $950 million, with cash generation between $250 million and $450 million. Aggregate Subscriber Value guidance is between $4.8 billion and $5.2 billion.
According to Jefferies, Sunrun’s guidance points to softer volume growth and reduced cash generation for 2026.
Sunrun Inc. (NASDAQ:RUN) is the US leader in residential solar panels, home battery storage, and energy services, offering homeowners solutions to generate, store, and manage solar energy.
2. Beam Global (NASDAQ:BEEM)
Beam Global (NASDAQ:BEEM) is one of the best solar stocks to buy now. On February 24, Beam Global (NASDAQ:BEEM), in partnership with HEVO Inc., unveiled a combined technology solution that provides the first integrated autonomous wireless charging system. The solution is powered by the EV ARC off-grid and solar EV charging.
The solution is tailored for the rapidly growing autonomous vehicle sector and adaptable to a wide range of commercial electric vehicle applications. It is commercially viable and generating strong interest from AV operators, government agencies, and commercial fleet customers.
“Together with HEVO, we are delivering a market-ready solution that removes the barriers of grid dependency, civil work and manual charging. We are already seeing strong interest from customers around the world, and our upcoming demonstrations will highlight how this integrated platform accelerates commercial adoption,” said Desmond Wheatley, CEO of Beam Global.
Earlier, on February 18, Beam Global received an order from a drone company that provides lifesaving aerial operations for its patented battery products.
“We are now supplying batteries for undersea and aerial drones as well as for terrestrial robots,” said Desmond Wheatley, CEO of Beam Global.
Beam Global (NASDAQ: BEEM) is a clean technology company that designs, develops, and manufactures sustainable, renewably energized infrastructure products, primarily focusing on rapidly deployed solar-powered electric vehicle (EV) charging solutions. The company will also offer a turnkey plug-and-play charging package that enables fully automated charging without trenching, utility interconnection or manual intervention.
1. FTC Solar, Inc. (NASDAQ:FTCI)
FTC Solar Inc. (NASDAQ:FTCI) is one of the best solar stocks to buy now. On February 24, FTC Solar Inc. (NASDAQ:FTCI) entered into a three-year supply agreement with Lubanzi Inala, a South African solar procurement company. The agreement is for the provision of solar tracker systems for multiple utility-scale projects across South Africa.
FTC Solar is to provide solar tracker systems, software, and engineering services for utility-scale PV projects. It will deliver a mix of 1P and 2P tracker technologies for a portfolio totaling approximately 840 megawatts.
“FTC Solar has built a strong set of innovative tracker solutions and is the right partner to support the needs of this diverse project portfolio,” commented Simphiwe Sithole, CEO of Lubanzi Inala. “We look forward to working closely with them as we provide best-in-class quality for our customers and advance the South African renewable energy industry.”
The Solar tracker agreement in South Africa comes on the heels of the company entering a deal to acquire a 55% stake in steel manufacturer Alpha Steel. With the acquisition, the company has gained access to produce steel components for utility-scale solar projects.
FTC Solar, Inc. (NASDAQ:FTCI) is a leading provider of advanced, high-performance solar tracker systems, software, and engineering services designed to optimize energy production and reduce installation costs for utility-scale, ground-mounted solar projects.
While we acknowledge the potential of FTC Solar, Inc. (NASDAQ:FTCI) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than FTCI and that has 100x upside potential, check out our report about the cheapest AI stock.
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