In this article, we cover the 11 Best Wind Power and Solar Stocks to Buy According to Analysts.
It’s not all doom and gloom for wind and solar companies, despite the Trump administration’s tightening of long-standing eligibility requirements for clean energy tax credits. The US Treasury Department’s release of guidance on the types of projects that qualify for the tax credits, which is less restrictive, has given a new lease of life to the embattled sector.
President Donald Trump has rattled the sector by reiterating plans to phase out tax credits for new wind and solar projects unless they begin construction in July 2026. Initially, developers could claim tax credits on spending at least 5% of the project cost without any other restriction.
“After weeks of speculation and market coalition around a higher hurdle on both the 5% rule + physical work rule, today’s guidance was surprisingly light on changes,” Jefferies analysts wrote, and called it a “clear win” for residential solar.
Under the new tax and spending bill signed into law, solar and wind developments are eligible for tax credits if they begin construction within 12 months of the bill’s enactment.
With the new provision, small project developers can claim tax credits on spending at least 5% of the project cost. Similarly, large project developers can also qualify for credits once they undertake significant work. Analysts at Citi have echoed the new legislation as better than anticipated.
The rapid expansion of new artificial intelligence data centers and cryptocurrency mining facilities has created an unprecedented demand for renewable energy sources. Consequently, the Department of Energy predicts that power demand from data centers could triple by 2028, presenting unique opportunities that wind and solar companies can capitalize on.
With that in mind, let’s look at the best wind power and solar stocks to buy amid the anticipated spike in power demand amid the AI boom.
Our Methodology
To determine the top wind and solar energy stocks recommended by analysts, we reviewed multiple online rankings to identify companies actively engaged in renewable energy projects. We then narrowed the list to stocks favored by leading hedge funds as of Q2 2025 and with positive upside potential, as of September 10. Finally, we ranked the stocks in ascending order based on their upside potential.
Why are we interested in the stocks that hedge funds pile into? The reason is straightforward: our research has demonstrated that we can outperform the market by replicating 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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Best Wind Power and Solar Stocks to Buy According to Analysts
11. Shoals Technologies Group Inc. (NASDAQ:SHLS)
Stock Upside Potential: 7.26%
Number of hedge fund holders: 27
Shoals Technologies Group Inc. (NASDAQ:SHLS) is one of the best wind power and solar stocks to buy according to analysts. On September 8, Jefferies lifted its price target of the stock to $9 from $6 while reiterating a ‘Buy’ rating. The price target hike comes as the stock shows strong momentum, depicted by a 134% gain over the past six months.
The research firm remains confident about the company’s long-term prospects, with top-line growth expected through 2027. The growth would come as the company capitalizes on strong demand for battery energy storage systems among independent power producers and hyperscalers.
In addition to strong demand, the company’s push to expand into Australia and Latin America is also expected to accelerate growth. Consequently, Jefferies remains confident that Shoals will achieve mid-to-high 30s gross margins with capital expenditure stabilizing.
Shoals Technologies Group (NASDAQ:SHLS) makes important electrical parts that help solar power systems and other clean energy setups, like data centers, work smoothly. The company creates and sells products used in solar and battery storage projects, such as easy-to-connect cables, cabinets, and special wiring systems called big lead assemblies (BLA).
10. First Solar Inc. (NASDAQ:FSLR)
Stock Upside Potential: 9.40%
Number of hedge fund holders: 68
First Solar Inc. (NASDAQ:FSLR) is one of the best wind power and solar stocks to buy according to analysts. Over the past three months, 17 Wall Street analysts have rated First Solar (FSLR) stock, with 15 issuing a Buy, 1 a Hold, and 1 a Sell, resulting in a consensus rating of “Strong Buy.” Their 12-month price forecasts range from $177.00 to $287.00, with an average target of $222.31, suggesting a potential upside of 9.40% from the current price of $203.21.
Reinforcing this bullish sentiment, JPMorgan reaffirmed First Solar as its top pick on August 25, projecting the stock could climb to $241 by December.
According to the investment bank, the stock is well positioned to edge higher ahead of the RE+ conference and the potential impact of a new US factory. JPMorgan expects the conference to be a positive catalyst for the embattled solar sector, given the optimistic commentary expected regarding the sector’s fundamentals.
Amid regulatory concerns and inventory oversupply, First Solar has held steady, as evidenced by the stock rallying by more than 8% year to date. The rally has followed impressive second-quarter results, in which earnings totaled $3.18 per share, beating estimates of $2.66 per share.
Likewise, JPMorgan remains confident about the company’s prospects, especially with the unveiling of a capital-light finishing factory that will shield it from the impact of tariffs on products from Vietnam and Malaysia. It also favors First Solar’s risk-reward profile, citing its superior visibility into medium-term growth prospects.
First Solar Inc. (NASDAQ:FSLR) manufactures advanced, responsibly produced thin-film solar technology and modules for utility-scale applications, providing a competitive, high-performance alternative to traditional crystalline silicon panels. It also offers engineering, procurement, and construction (EPC) services for solar power plants.
9. Canadian Solar Inc. (NASDAQ:CSIQ)
Stock Upside Potential: 11.91%
Number of hedge fund holders: 9
Canadian Solar Inc. (NASDAQ:CSIQ) is one of the best wind power and solar stocks to buy according to analysts. On September 4, the company confirmed that its subsidiary, e-STORAGE, is poised to unveil FlexBank 1.0, a modular battery system designed for utility-scale energy storage applications.
Designed to deliver 8.36 MWh, the battery system features an open frame architecture that simplifies logistics and installation. It’s also built on 314Ah Lithium-Iron-Phosphate cell technology, incorporating multiple safety features.
“FlexBank 1.0 is the strategic evolution of our utility-scale energy storage platform, engineered to address our customers’ critical needs for safe, adaptable, and cost-effective solutions,” said Colin Parkin, President of e-STORAGE, in the press release.
The unveiling of FlexBank comes on the heels of Canadian Solar delivering nearly 165 GW of solar photovoltaic modules globally since its inception in 2001. As of the end of June, the company had shipped 13 GWh of battery storage solutions.
Canadian Solar Inc. (NASDAQ:CSIQ) specializes in developing and manufacturing solar energy and battery energy storage solutions. It manufactures solar photovoltaic (PV) modules, provides solar energy solutions for residential, commercial, and utility-scale applications, and develops, owns, and operates utility-scale solar power and battery energy storage projects through its subsidiaries.
8. Daqo New Energy Corp. (NYSE:DQ)
Stock Upside Potential: 12.20%
Number of hedge fund holders: 10
Daqo New Energy Corp. (NYSE:DQ) is one of the best wind power and solar stocks to buy according to analysts. On August 26, the company reiterated that it faced significant challenges in the second quarter as market prices across the solar value chain declined due to overcapacity and high inventory levels.
While the company posted a net loss of $76.5 million, or $1.14 per share, it represented a significant improvement from a net loss of $119.8 million, or $1.81 per share, reported in the same quarter last year. The company also posted an adjusted loss per share of $0.86, an improvement from the $1.50 loss reported in the same quarter the previous year. Revenue in the quarter totaled $75.2 million, a significant drop from $219.9 million delivered in the same quarter last year.
Amid the disappointing results, the solar PV industry continues to show strong long-term prospects that Daqo Energy plans to capitalize on. The company plans to strengthen its competitive edge by enhancing higher-efficiency N-type technology while also optimizing its cost structure.
“As one of the world’s lowest-cost producers with the highest-quality N-type product, a strong balance sheet and no financial debt, we are confident in our ability to weather the current market downturn, capitalize on market recovery, and emerge as a leader in the industry positioned to capture future growth,” said Mr. Xiang Xoom, CEO.
Daqo New Energy Corp. (NYSE:DQ) is a leading manufacturer of high-purity polysilicon, the essential raw material for solar PV products like wafers, cells, and modules. It also maintains activities in the wind power industry, providing electrical equipment, converter stations, and complete lifecycle services for wind power generation systems.
7. RWE (OTC:RWEOY)
Stock Upside Potential: 14.60%
Number of hedge fund holders: N/A
RWE (OTC:RWEOY) is one of the best wind power and solar stocks to buy, according to analysts, as a leader in renewable energy specializing in wind, solar, and battery storage projects. On September 5, analysts at Berenberg reiterated a ‘Buy’ rating on the stock with a $49 price target.
According to the research firm, the company is well-positioned to double its earnings per share to €4 by 2030. The robust earnings growth would come against the backdrop of the €35 billion planned investment in renewable and flexible generation capacity. Additionally, the research firm anticipates RWE to achieve a 13.7% compound annual growth rate in earnings per share.
Amid the robust earnings growth, the research firm forecasts a 7.5% compound annual growth rate in dividend payments. Berenberg maintains a buy rating with a $49 price target, citing concerns that the expected growth is not reflected in the current valuation.
RWE (OTC:RWEOY) is a renewable energy company specializing in the development and operation of onshore and offshore wind farms, solar power plants, and battery storage facilities. Its trading arm provides customized products and services to industrial and commercial clients.
6. GE Vernova Inc. (NYSE:GEV)
Stock Upside Potential: 15.42%
Number of hedge fund holders: 106
GE Vernova Inc. (NYSE:GEV) is one of the best wind power and solar stocks to buy according to analysts. On September 9, GE Vernova announced plans to cut 600 jobs across Europe as part of a broader restructuring effort. Of these, 120 positions will be eliminated in France, including 42 at the company’s Belfort site, according to union sources CFE-CGC and CGT cited by Agence France-Presse.
While the move signals a significant shift in GE Vernova’s European operations, the company has yet to disclose which other countries will be affected or when the layoffs will take place. The restructuring aims to streamline operations, though details remain limited.
GE Vernova Inc. (NYSE:GEV) engineers, manufactures, and services high-efficiency wind turbines for both onshore and offshore applications, as well as providing solar energy technologies, battery energy storage, and power plant control systems to support renewable energy projects. The company’s wind business focuses on developing and deploying reliable, scalable wind turbines.
5. NextEra Energy Inc. (NYSE:NEE)
Stock Upside Potential: 21.63%
Number of hedge fund holders: 66
NextEra Energy Inc. (NYSE:NEE) is one of the best wind power and solar stocks to buy according to analysts. On August 29, analysts at UBS reiterated a ‘Buy’ rating on the stock and an $84 price target despite the recent developments on solar import reviews and alternative rate settlement for Florida Power & Light.
The research firm views the significant changes as ‘mere distractions’ that won’t affect NextEra Energy’s fundamental investment thesis and prospects. The fact that the company has demonstrated a solid earnings growth story underscores its potential to weather the headwinds, affirming strong financial management and effective strategic planning.
Sharing similar sentiments are analysts at Mizuho, who raised the stock’s price target to $78 following the rate settlement through its subsidiary, Florida Power & Light. Melius also initiated coverage with a Buy rating while insisting the company is a leader in renewable energy.
NextEra Energy Inc. (NYSE:NEE) generates wind and solar power by developing, constructing, and operating numerous large-scale wind farms and solar energy centers across North America, making it a leading generator of renewable energy.
4. Northland Power Inc. (OTCMKTS:NPIFF)
Stock Upside Potential: 24.92%
Number of hedge fund holders: N/A
Northland Power Inc. (OTCMKTS:NPIFF) is one of the best wind power and solar stocks to buy, according to analysts. On August 29, the company reiterated its commitment to shareholder value over the next five years. The company has set its fixed dividend rate for the next five years at an annual rate of 5.70% on Series 1 shares. The fixed rate translates to a quarterly dividend of $0.3564 per share.
In Series 2, Northland Power will reward passive investors with quarterly floating-rate payments, paid at an annual rate of 2.80% over the annual yield of the 90-day Government of Canada Treasury bills. Once declared, the company is to pay $0.3441 per share on December 31, 2025.
Northland Power Inc. (OTCMKTS:NPIFF) is a global power producer dedicated to accelerating the global energy transition. It owns and operates a diversified mix of energy infrastructure assets, including offshore and onshore wind, solar, battery energy storage, and natural gas.
3. Vestas Wind Systems AS ADR (OTCMKTS:VWDRY)
Stock Upside Potential: 25.34%
Number of hedge fund holders: N/A
Vestas Wind Systems AS ADR (OTCMKTS:VWDRY) is one of the best wind power and solar stocks to buy according to analysts. On September 2, the company confirmed the signing of a deal for a 94MW order in Germany, following the securing of a 74MW order from Prezeller Wind GmbH & Co. in August.
The two deals come weeks after the company secured an order from ENERTRAG for V172-7.2 WM wind turbines for two projects in Brandenburg, Germany, totaling 115MW.
The wave of wind turbines underscores the growing demand for the company’s solutions, while supporting its strategy for a secure and 100% renewable energy supply. At the end of the first quarter, Vestas Wind Systems secured 376MW of onshore wind orders, affirming its growing backlog.
“Thanks to Vestas latest turbine technology, we can deliver more energy with fewer installations – strengthening regional supply and reducing land use. The projects will power around 85,000 households and cut over 200,000 tons of CO₂ annually. Together with Vestas, we are advancing performance, innovation and local benefit,” says Dr. Gunar Hering, CEO ENERTRAG.
Vestas Wind Systems AS ADR (OTCMKTS:VWDRY) is a leading provider of sustainable energy solutions, specializing in the design, manufacturing, installation, and servicing of wind turbines for both onshore and offshore projects worldwide. It also offers services for maintaining existing wind turbine fleets and developing renewable energy projects to accelerate the transition to a sustainable energy system.
2. Beam Global (NASDAQ:BEEM)
Stock Upside Potential: 43.44%
Number of hedge fund holders: 1
Beam Global (NASDAQ:BEEM) is one of the top wind power and solar stocks to consider for investment, according to analysts. On August 26, the stock was a significant mover following the confirmation of the company’s General Services Administration (GSA) Multiple Award Schedule contract renewal, which extends through October 31, 2030.
The extension paves the way for a potential inclusion of the company in the GSA schedule for an additional decade. Additionally, Beam Global’s offerings have been added to Special Item Number 334512, which enables state and local governments to purchase its products through the GSA program.
Additionally, Beam Global products are also listed with the Federal Emergency Management Agency FEMA, enhancing their appeal to government agencies.
“We are encouraged to see the federal government GSA renewing our multiple award schedule contract,” said Desmond Wheatley, CEO of Beam Global. “Our American-made products deliver energy security and transportation infrastructure solutions that provide value to government facilities across the nation.
Beam Global (NASDAQ:BEEM) creates and deploys off-grid, transportable, renewable energy products, primarily focused on sustainable Electric Vehicle (EV) charging solutions that utilize solar and wind power. Its core products are EV ARC and Solar Tree systems, which generate and store electricity from the sun and wind to charge EVs without grid connections.
1. Tigo Energy, Inc. (NASDAQ:TYGO)
Stock Upside Potential: 228.37%
Number of hedge fund holders: N/A
Tigo Energy, Inc. (NASDAQ:TYGO) is one of the best wind power and solar stocks to buy according to analysts. On August 25, the company inked a manufacturing and marketing partnership with EG4 Electronics as it looks to enhance the development of smart hardware and software solutions for solar systems.
The two companies are joining forces to produce optimized inverters and Module Level Power Electronics. The partnership will utilize EGV’s 310,000-square-foot manufacturing facility in Commerce. Tigo and its partners plan to strengthen their domestic energy manufacturing capabilities and improve product availability for US installers.
“We believe in energy autonomy for our customers just as much as we believe in manufacturing autonomy for American innovators, and this partnership with Tigo allows us to make significant progress on both of those fronts,” said James Showalter, founder at EG4 Electronics.
Tigo Energy, Inc. (NASDAQ:TYGO) designs and sells hardware and software for the solar industry, providing solutions that increase energy production, enhance safety, and reduce operating costs for residential, commercial, and utility-scale solar systems.
While we acknowledge the potential of TYGO to grow, 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 TYGO and that has 100x upside potential, check out our report about this cheapest AI stock.
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