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.
6. Nextracker Inc. (NASDAQ:NXT)
Number of Hedge Fund Holders: 41
Average Upside Potential as of August 15: 16.38%
Nextracker Inc. (NASDAQ:NXT) is one of the best solar stocks to buy according to Wall Street analysts. On August 13, Nextracker announced that it has been selected by Casa dos Ventos to supply 1.5GW of advanced solar tracker systems for 4 new utility-scale solar and hybrid projects in Brazil.
This partnership marks Casa dos Ventos’s first large-scale venture into solar energy and is part of its strategy to develop hybrid power plants that combine solar and wind energy at shared grid connections to improve grid capacity.
Nextracker will supply its NX Horizon-XTR all-terrain solar trackers for 3 of the 4 projects: the 117MW Babilônia Sul in Morro do Chapéu, Bahia; the 226MW Babilônia Centro in Várzea Nova, Bahia; and the 540MW Seriemas in Mato Grosso do Sul. The NX Horizon-XTR system is designed to navigate challenging terrains, which can reduce the need for extensive land modifications and lower costs. The fourth project, the 680MW Rio Brilhante in Mato Grosso do Sul, will receive Nextracker’s standard NX Horizon solar tracker systems.
Nextracker Inc. (NASDAQ:NXT) provides solar tracker technologies and solutions for utility-scale and distributed generation solar applications in the US and internationally.
5. Daqo New Energy Corp. (NYSE:DQ)
Number of Hedge Fund Holders: 15
Average Upside Potential as of August 15: 17.54%
Daqo New Energy Corp. (NYSE:DQ) is one of the best solar stocks to buy according to Wall Street analysts. On July 28, Daqo New Energy issued its 2024 Environmental, Social, and Governance/ESG report. The report outlines the company’s key achievements in corporate governance, innovation, R&D, employee rights, environmental sustainability, and social responsibility.
The report also details the company’s ESG Development Strategy with a set of short, medium, and long-term objectives. The short-term goals for the period of 2023-2025 include increasing the proportion of clean energy in production, reducing waste emissions, optimizing energy consumption per product unit, and improving the recycling efficiency of raw materials. Looking to the medium term, by 2030, Daqo aims to achieve peak carbon emissions and use over 80% clean energy in its production processes. The company’s long-term objective is to achieve carbon neutrality by 2060.
According to Mr. Xiang Xu, the Chairman and CEO of Daqo New Energy, the company is committed to building a more sustainable world through continuous investment in R&D and technological innovation. Daqo also fosters a corporate culture that prioritizes people, regulatory compliance, and integrity.
Daqo New Energy Corp. (NYSE:DQ) manufactures and sells polysilicon to photovoltaic product manufacturers in the People’s Republic of China. Its products are used in ingots, wafers, cells, and modules for solar power solutions.
4. Shoals Technologies Group Inc. (NASDAQ:SHLS)
Number of Hedge Fund Holders: 30
Average Upside Potential as of August 15: 34.87%
Shoals Technologies Group Inc. (NASDAQ:SHLS) is one of the best solar stocks to buy according to Wall Street analysts. On August 6, UBS lowered the firm’s price target on Shoals Technologies to $7.00 from $7.50, while keeping a Buy rating on the shares. This sentiment followed the company’s Q2 2025 earnings report, where, despite issues regarding cash flow and high legal expenses, Shoals Technologies showed strong revenue growth and a record backlog.
The company reported a revenue of $110.8 million, which was an 11.7% increase year-over-year and a 37.9% sequential increase. This figure exceeded the company’s expectations. Bookings totaled $137.1 million, which contributed to a record backlog and awarded orders of $671.3 million. Of this backlog, $540.3 million is slated for delivery within the next 4 quarters.
Shoals Technologies’ Q3 revenue is expected to be between $125 and $135 million, which would represent a 28% year-over-year growth at the midpoint. Full-year 2025 revenue guidance was raised to a range of $450 to $470 million, which reflects a growth of 13% to 18% year-over-year.
Shoals Technologies Group Inc. (NASDAQ:SHLS) provides electrical balance of system/EBOS solutions and components in the US and internationally.
3. Beam Global (NASDAQ:BEEM)
Number of Hedge Fund Holders: 1
Average Upside Potential as of August 15: 57.33%
Beam Global (NASDAQ:BEEM) is one of the best solar stocks to buy according to Wall Street analysts. On July 17, Beam Global and Platinum Group formalized their joint venture, called Beam Middle East LLC, during a signing ceremony in Abu Dhabi, UAE. The new entity will be headquartered in the Omniah Tower in Masdar City, which is a sustainable urban community in Abu Dhabi.
Beam Middle East LLC will be a 50/50 joint venture between the two companies. Its purpose is to sell and manufacture Beam Global’s patented sustainable infrastructure solutions for transportation electrification, energy storage, energy security, and smart city development throughout the Middle East and Africa.
Beam Global will provide its proprietary technologies, along with support for training, marketing, and procurement. Platinum Group will use its existing relationships and provide business development professionals to manage local sales and establish manufacturing capabilities.
Beam Global (NASDAQ:BEEM) is a clean-technology innovation company that designs, develops, engineers, manufactures, and sells renewably energized infrastructure products and battery solutions in the US and Romania.
2. Emeren Group Ltd. (NYSE:SOL)
Number of Hedge Fund Holders: 2
Average Upside Potential as of August 15: 139.36%
Emeren Group Ltd. (NYSE:SOL) is one of the best solar stocks to buy according to Wall Street analysts. On June 19, Emeren Group announced that it entered into a definitive merger agreement with Shurya Vitra Ltd. and its wholly-owned subsidiary, called Emeren Holdings Ltd. The agreement will result in Emeren Group becoming a privately held company.
The deal is valued at $0.20 in cash per ordinary share, or $2.00 in cash per American Depositary Share/ADS, with each ADS representing ten shares. Under the terms of the merger, Emeren Holdings Ltd. will merge with and into Emeren Group Ltd., with Emeren Group surviving as a wholly-owned subsidiary of Shurya Vitra Ltd.
The company’s shares and ADSs will be delisted from the New York Stock Exchange upon completion of the merger, which is currently expected to close during the third quarter of 2025.
Emeren Group Ltd. (NYSE:SOL) develops, builds, and sells solar power projects. The company owns and operates 3 GW pipeline of projects and independent power producer assets, as well as a 10 GWh pipeline of storage pipeline.
1. Tigo Energy Inc. (NASDAQ:TYGO)
Number of Hedge Fund Holders: 3
Average Upside Potential as of August 15: 280.00%
Tigo Energy Inc. (NASDAQ:TYGO) is one of the best solar stocks to buy according to Wall Street analysts. On July 31, Tigo Energy announced that its TS4 Flex MLPE/Module Level Power Electronics family of products has been certified for compatibility with hybrid solar inverters from Haier Energy. The certification confirms that certain single-phase and three-phase Haier products will work with members of the Tigo TS4 product family when properly designed and installed.
The collaboration provides high-quality systems that efficiently generate and manage solar energy for residential customers. The compatibility is an example of Tigo’s open architecture approach to solar technology, which allows for different systems to work together.
The certified products are available for use in Austria, Belgium, Germany, Italy, Luxembourg, the Netherlands, and Switzerland. These countries represent at least half of the top 10 EU countries by solar capacity per capita. To inform installers in these regions, Tigo and Haier will host a joint webinar available in Italian, German, and English.
Tigo Energy Inc. (NASDAQ:TYGO) provides solar and energy storage solutions worldwide. It offers module-level power electronics/MLPEs to maximize the energy output of individual solar modules for utility, commercial, and residential solar arrays.
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