In this article, we will discuss: Goldman Sachs Solar and Green Energy Stocks: Top 10 Stock Picks.

On March 10, 2026, Reuters cited a Solar Energy Industries Association and Wood Mackenzie study that found that solar installations fell in 2025 after Donald Trump’s policy changes disrupted renewable-energy incentives. Developers constructed 43 gigawatts of solar capacity in 2025, a decrease from over 50 GW in 2024. According to the report, Trump’s “One Big Beautiful Bill Act” eliminated subsidies and tax advantages for renewable developers, causing market disruptions. Utility-scale solar installations slipped 16% in 2025, while community solar installations fell 25%. Tariff tensions and a federal freeze on major project approvals hindered the industry’s development as the administration prioritized oil, gas, coal, and nuclear over renewable energy initiatives pushed by Joe Biden.

Texas dominated new installations with 11 gigawatts, followed by Indiana, Florida, Arizona, Ohio, Utah, and Arkansas. Solar and energy storage continued to account for 79% of new capacity increases in the United States during the administration’s first year. SEIA interim President and CEO Darren Van’t Hof said that Washington needs to provide policy certainty for the industry to work and keep pace with rising energy demand. Head of solar at Wood Mackenzie, Michelle Davis, commented that solar will continue to be the key source of new power capacity in the United States through 2036.

With that said, here are the Goldman Sachs Solar and Green Energy Stocks: Top 10 Stock Picks.

Methodology:

We used Goldman Sachs’ 13F portfolio and selected the 10 Solar and Green Energy Stocks. We have mentioned Goldman Sachs’ stake value. The list is ranked in ascending order of the firm’s stake value in each holding.

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10. Clearway Energy, Inc. (NYSE:CWEN)

Goldman Sachs’ Stake Value: $7.20 million

On February 25, 2026, Deutsche Bank analyst Corinne Blanchard boosted the firm’s price objective for Clearway Energy, Inc. (NYSE:CWEN) to $42 from $40 while maintaining a Buy rating. The analyst believes the company’s fourth-quarter earnings are mainly in line.

On February 23, 2026, Clearway Energy, Inc. (NYSE:CWEN) reported full-year 2025 financial performance, exceeding the top end of its initial guidance range. The company reported a net loss of $231 million and adjusted EBITDA of $1.217 billion. The firm generated $688 million in operating cash flow, with $430 million available for distribution. The corporation has raised $600 million in corporate debt and $50 million in equity since the previous financial release.

Clearway Energy, Inc. (NYSE:CWEN) advanced multiple expansion efforts this year. The corporation moved forward with its fleet upgrade initiative, with repowerings anticipated for 2026 and 2027.  It also inked deals with Clearway Group for the remaining 2026 projects, including a 291-megawatt storage portfolio in Colorado and California. The sponsor’s late-stage pipeline now includes 11.2 gigawatts of opportunities, including two gigawatts of contracts to provide electricity to data centers. CEO Craig Cornelius stated that the company also got offers to invest in the 520-megawatt Royal Slope solar-plus-storage project and the 650-megawatt Swan Solar project. The company confirmed its CAFD guidance for 2026 of $470 million to $510 million.

Clearway Energy, Inc. (NYSE:CWEN) owns contracted renewable and conventional power-producing facilities, as well as thermal infrastructure assets. It operates in four segments: conventional generation, thermal, renewable, and corporate.

9. Plug Power Inc. (NASDAQ:PLUG)

Goldman Sachs’ Stake Value: $16.96 million 

On March 9, 2026, Bloomberg reported that Plug Power Inc. (NASDAQ:PLUG) announced plans to supply up to 250 megawatts of hydrogen-powered electricity in a potential special auction conducted by PJM Interconnection, the largest power system in the United States. Chairman Andy Marsh told Bloomberg that the corporation is considering participating as grid operators manage increased electricity demand caused by artificial intelligence data centers. PJM manages a 13-state power network in the eastern and midwestern United States, and it confronts possible power shortages as data center energy demand increases. The Trump administration has pushed for an emergency auction later this year to boost electricity supplies.

Marsh said Plug Power Inc. (NASDAQ:PLUG) is already working with hyperscalers, data center firms, and utilities to discuss long-term power supply deals. The corporation would need contracts that span at least seven years to support hydrogen power deployment under the auction framework. Marsh revealed the plan as the firm passed leadership to newly appointed CEO Jose Luis Crespo as part of a succession plan outlined in October. The company also announced a lower-than-expected fourth-quarter loss and stated that it aims to attain positive EBITDA in 2026.

Plug Power, Inc. is an alternative energy technology company. It designs, develops, commercializes, and manufactures hydrogen and fuel cell systems for the material handling and stationary power markets.