In this article, we will take a look at the cheap solar stocks to buy now.
With governments and corporations increasing their focus on sustainability, solar energy is among the most scalable and cost-competitive renewable energy sources to adopt. Although the long-term picture may look different, solar stocks have witnessed their fair share of volatility. This is primarily due to changes in interest rates, shifts in the supply structure, and adjustments to the supply chain.
The Energy Storage Market Outlook (ESMO), a quarterly publication by the Solar Energy Industries Association (SEIA) and Benchmark Mineral Intelligence, provides an in-depth analysis of the U.S. energy storage market. According to the analysis, published on February 23, the battery energy stationary storage (BESS) policy landscape has significantly evolved, particularly given the One Big Beautiful Bill Act (OBBBA).
In 2026, U.S. BESS deployments are poised to reach 70 GWh/35 GW, with 62.4 GWh/20.2GW attributed to the utility-scale market and 7.3 GWh/14.8 GW associated with behind-the-meter (BTM) markets, the report highlighted, adding that this translates to a capital investment of approximately $25.2 billion. By 2030, the market is expected to surpass 110 GWh/47 GW in annual installations.
In a related development, on February 26, the Massachusetts House of Representatives passed House Bill 5151, An Act Relative to Energy Affordability, Clean Power, and Economic Competitiveness. As evidence of the focus on the industry, this bill is expected to address the rising cost of utilities in Massachusetts, and Ruthie DeWit, Northeast State Affairs Director of the SEIA, said:
The solar and storage industry applauds the Massachusetts House for advancing energy affordability legislation that accelerates deployment across the Commonwealth. Solar and storage are the fastest and most affordable way to add new capacity to the grid and a critical tool for lowering prices for families. This bill removes barriers to development and reduces costs by creating a surplus interconnection service to unlock unused grid capacity and by establishing a statewide solar permitting platform that can cut average residential installation costs by $7,000.
Against this backdrop, let’s explore our list of the 6 cheap solar stocks to buy now.
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Our methodology
For this article, we began by screening for stocks in the solar industry. Next, we shortlisted companies with a Forward Price-to-Sales ratio under 2.0 and selected those that are popular among analysts and hedge funds. We limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that 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).
6. JinkoSolar Holding Co., Ltd. (NYSE:JKS)
On March 2, JinkoSolar Holding Co., Ltd. (NYSE:JKS) declined to the lowest level over the last month, trading at $25. Based on the 1-year median price target of $25.61, this implies a mere 2.4% upside.
Earlier, on February 17, Nextpower and JinkoSolar Holding Co., Ltd. (NYSE:JKS) signed a multi-year supply agreement under which Nextpower will provide steel frames for solar modules developed at Jinko’s Jacksonville, Florida, facility. The deal incorporates more than one gigawatt of steel frames, with the potential to expand to up to three gigawatts over a period of three years. Regarding this agreement, the company’s General Manager, Nigel Cockroft, said it is in line with U.S. manufacturing priorities and offers improved durability for customers.
Over the past six months, JinkoSolar Holding Co., Ltd. (NYSE:JKS)’s stock has appreciated by nearly 7%, with a 20% surge over the past year. Overall, the company has underperformed, as the industry’s six-month and one-year stock performance is reported at 13.06% and 42.18%, respectively, according to Finviz data.
JinkoSolar Holding Co., Ltd. (NYSE:JKS) is a Chinese company that develops and markets photovoltaic products. Founded in 2006, the company provides solar system integration services, energy storage systems, and solar power generation and solar system EPC services.
5. Tigo Energy, Inc. (NASDAQ:TYGO)
On March 2, Philip Shen from Roth MKM maintained a Buy rating on Tigo Energy, Inc. (NASDAQ:TYGO), while setting a price target of $5. Even with the lowest 1-year price target among analysts, the firm’s estimate reflects an upside potential of 53.33%.
Previously, on February 25, Gus Richard, an analyst at Northland, lifted the price target on Tigo Energy, Inc. (NASDAQ:TYGO) to $5.50 from $5 and reiterated an Outperform rating. According to TheFly, the firm has elevated its revenue, GAAP EPS, and EBITDA estimates following the company’s Q4 results, matching the consensus forecasts. This excludes the IP offload in the quarter, with the company paying off $50 million in convertible debt due in Q3 from cash.
On the same day, TheFly reported that the company’s fourth-quarter revenue of $30 million was in line with the consensus forecast of $30.02 million. As stated by Zvi Alon, Chairman and CEO of Tigo Energy, Inc. (NASDAQ:TYGO),
“Against the backdrop of a seasonally slower solar installation and cold weather period for our industry, we delivered strong fourth quarter results, with revenue up 73.8% compared to last year’s Q4.”
Tigo Energy, Inc. (NASDAQ:TYGO) is a California-based provider of solar and energy storage solutions. Founded in 2007, the company offers module-level power electronics, solar energy storage management, and energy demand forecasting, among other capabilities.
