On June 18, Colin Rusch, Oppenheimer Stock Analyst, joined ‘Fast Money’ on CNBC to talk about the future of clean energy investing. Rusch described the One Big Beautiful Bill as bad business and bad policy. He cited a previous analysis by the American Center for Progress, which found that the Inflation Reduction Act/IRA was projected to be net-generative of tax revenue by 2031, starting to turn positive in 2028 and adding $175 billion by that time. This figure was expected to balloon to over $500 billion in net tax revenue for the federal government by the middle of the next decade. Rusch explained that the residential market is now seeking a solution, particularly for the leasing elements of the 48 credits, which are crucial for financing residential solar systems. He highlighted that deploying solar plus energy storage at homes is more efficient for utilities and consumers than building new and expensive distribution and transmission lines.
Prior to this, on June 9, Solar Energy Industries Association/SEIA, along with Wood Mackenzie, in its Solar Market Insight/SMI report, detailed the performance of the US solar industry during Q1 2025. In the first quarter, the US solar industry installed 10.8 gigawatts-direct current/GWdc of capacity. This marked a 7% year-over-year decline and a 43% sequential decrease. Despite the decline, it was still the fourth-largest quarter on record. Solar power accounted for 69% of all new electricity-generating capacity added to the US grid during this period. The US also saw an increase in domestic solar manufacturing, adding 8.6 GW of solar module manufacturing capacity in Q1, bringing the total to 51 GW. In January, ES Foundry opened a 1 GW cell factory in South Carolina, becoming only the second domestic cell manufacturer. However, the report notes that there was slow or non-existent growth in upstream manufacturing for polysilicon and wafers.
The report projected that the US solar industry will add an average of nearly 43 GWdc annually through 2030 in its base case forecast. This outlook, however, assumes that the proposed tax credit changes will not be enacted. While strong demand from data centers and other industries will drive growth, the industry is projected to contract by 2% annually between 2025 and 2030 and by an average of 7% from 2025 to 2027 due to policy uncertainty and rising costs. Growth is expected to resume in the second half of the outlook, from 2028 to 2030, driven by domestic supply chain shifts and increased energy demand.
That being said, we’re here with a list of the 8 best solar stocks to buy according to Wall Street analysts.
A photovoltaic field at dawn, its solar panels shimmering in the light of a new day.
Our Methodology
We first sifted through the Finviz stock screener to compile a list of the top solar stocks. We then selected the 8 stocks with an upside potential of over 25% as of August 15. The stocks are ranked in ascending order of their upside potential. We have also added the hedge fund sentiment for each stock, as of Q1 2025, which was sourced from Insider Monkey’s database.
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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
8 Best Solar Stocks to Buy According to Wall Street Analysts
8. Array Technologies Inc. (NASDAQ:ARRY)
Number of Hedge Fund Holders: 29
Average Upside Potential as of August 15: 11.55%
Array Technologies Inc. (NASDAQ:ARRY) is one of the best solar stocks to buy according to Wall Street analysts. On August 14, Array Technologies announced the successful completion of its acquisition of APA Solar. This acquisition, as stated by ARRAY CEO Kevin G. Hostetler, is a pivotal moment for the company that will accelerate the deployment of solar energy by offering a range of solutions.
APA Solar is a provider of solar racking and structural solutions, known for its engineered foundation systems compatible with solar trackers and its fixed-tilt racking systems. The company will continue to operate under its own brand as a strategic business unit within Array Technologies. According to APA’s CEO Josh Von Deylen, the acquisition will allow the company to scale faster.
The acquisition is expected to be accretive to Array Technologies’ earnings and create significant opportunities for commercial synergies. Array anticipates providing an update on its full-year guidance to reflect the impact of the acquisition during its Q3 2025 earnings call.
Array Technologies Inc. (NASDAQ:ARRY) manufactures and sells solar tracking technology products in the US, Spain, Brazil, Australia, and internationally.
7. Enphase Energy Inc. (NASDAQ:ENPH)
Number of Hedge Fund Holders: 40
Average Upside Potential as of August 15: 14.81%
Enphase Energy Inc. (NASDAQ:ENPH) is one of the best solar stocks to buy according to Wall Street analysts. On August 11, Enphase Energy announced the launch of its IQ Battery 5P with FlexPhase in Australia. This is an all-in-one AC-coupled system designed to provide reliable backup power and support both single-phase and three-phase applications with variable power levels. The system is also available in 12 European countries.
The IQ Battery 5P with FlexPhase offers a scalable energy storage solution, starting at 5 kWh and expandable up to 70 kWh. Each 5 kWh unit provides a continuous power output that can be configured at installation, ranging from 1.65 kW to 3.84 kW in single-phase setups and from 0.61 kW to 1.28 kW per phase in three-phase setups.
The battery, which comes with a 15-year warranty, can be configured to provide either grid-tied support or backup power. When paired with the IQ System Controller 3 INT, it helps system owners maximize savings, reduce grid reliance, and maintain power during outages. The launch of the product aligns with Australia’s new Cheaper Home Batteries Program, as the IQ Battery 5P with FlexPhase is fully compliant with the program’s requirements.
Enphase Energy Inc. (NASDAQ:ENPH) designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the US and internationally.
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