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Best Solar Stocks to Buy Now (2026)

Top solar stocks in 2026 ranked by overall Zen Rating. "A" Rated stocks have returned an average of +32.52% per year, and are the best solar stocks to buy now. Learn More.

According to Zen Ratings, our proprietary rating system that evaluates 115 factors proven to drive growth in stocks and assigns each stock in our system an overall letter grade as well as 7 individual Component Grades for Value, Growth, Momentum, Sentiment, Safety, Financials, and proprietary AI algorithms, the 3 best solar energy stocks to buy right now are:

Nextpower (NASDAQ:NXT) is the #1 top solar stock out of 23 with a Zen Rating of B. Stocks with a rating of B have had an average return of +19.88% per year. Learn more.

The Component Grade breakdown for Nextpower (NASDAQ:NXT) is: Value: C, Growth: C, Momentum: B, Sentiment: B, Safety: C, Financials: A, and AI: C.

Nextpower (NASDAQ:NXT) has a Due Diligence Score of 41, which is 14 points higher than the solar industry average of 27.

NXT passed 14 out of 33 due diligence checks and has strong fundamentals. Nextpower has seen its stock return 159.24% over the past year, overperforming other solar stocks by 134 percentage points.

Nextpower has an average 1 year price target of $114.61, an upside of 5.99% from Nextpower's current stock price of $108.13.

Nextpower stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 17 analysts covering Nextpower, 76.47% have issued a Strong Buy rating, 11.76% have issued a Buy, 11.76% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Tigo Energy (NASDAQ:TYGO) is the #2 top solar stock out of 23 with a Zen Rating of B. Stocks with a rating of B have had an average return of +19.88% per year. Learn more.

The Component Grade breakdown for Tigo Energy (NASDAQ:TYGO) is: Value: C, Growth: B, Momentum: B, Sentiment: A, Safety: D, Financials: C, and AI: C.

Tigo Energy (NASDAQ:TYGO) has a Due Diligence Score of 26, which is -1 points lower than the solar industry average of 27. Although this number is below the industry average, our proven quant model rates TYGO as a "B".

TYGO passed 9 out of 33 due diligence checks and has average fundamentals. Tigo Energy has seen its stock return 342.86% over the past year, overperforming other solar stocks by 317 percentage points.

Shoals Technologies Group (NASDAQ:SHLS) is the #3 top solar stock out of 23 with a Zen Rating of C. Stocks with a rating of C have had an average return of +7.53% per year. Learn more.

The Component Grade breakdown for Shoals Technologies Group (NASDAQ:SHLS) is: Value: B, Growth: B, Momentum: C, Sentiment: D, Safety: C, Financials: C, and AI: C.

Shoals Technologies Group (NASDAQ:SHLS) has a Due Diligence Score of 51, which is 24 points higher than the solar industry average of 27.

SHLS passed 16 out of 33 due diligence checks and has strong fundamentals. Shoals Technologies Group has seen its stock return 102.82% over the past year, overperforming other solar stocks by 77 percentage points.

Shoals Technologies Group has an average 1 year price target of $10.00, an upside of 73.91% from Shoals Technologies Group's current stock price of $5.75.

Shoals Technologies Group stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 11 analysts covering Shoals Technologies Group, 54.55% have issued a Strong Buy rating, 18.18% have issued a Buy, 27.27% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

50% of solar stocks rated by analysts are a buy right now. On average, analysts expect solar stocks to rise by 23.69% over the next year.

0% of solar stocks have a Zen Rating of A (Strong Buy), 11.11% of solar stocks are rated B (Buy), 77.78% are rated C (Hold), 5.56% are rated D (Sell), and 5.56% are rated F (Strong Sell).

Based on the Valuation rating, one of the 7 components of a stocks overall Zen Ratings grade, which evaluates factors including estimated earnings yield, earnings before interest and taxes/enterprise value, cash flow yield, free cash flow to price, and price-to-earnings growth (PEG ratio), the 3 most undervalued solar stocks right now are:

First Solar (NASDAQ:FSLR) is the most undervalued solar stock based on its Valuation Rating of A. Valuation is one of 7 Component Grades used to calculate the overall Zen Rating.

First Solar has a valuation score of 71, which is 46 points higher than the solar industry average of 25. It passed 5 out of 7 valuation due diligence checks.

First Solar's stock has gained 46.78% in the past year. It has overperformed other stocks in the solar industry by 21 percentage points.

Toyo Co (NASDAQ:TOYO) is the second most undervalued solar stock based on its Valuation Rating of B. Valuation is one of 7 Component Grades used to calculate the overall Zen Rating.

Toyo Co has a valuation score of 57, which is 32 points higher than the solar industry average of 25. It passed 4 out of 7 valuation due diligence checks.

Toyo Co's stock has gained 165.71% in the past year. It has overperformed other stocks in the solar industry by 140 percentage points.

Shoals Technologies Group (NASDAQ:SHLS) is the third most undervalued solar stock based on its Valuation Rating of B. Valuation is one of 7 Component Grades used to calculate the overall Zen Rating.

Shoals Technologies Group has a valuation score of 57, which is 32 points higher than the solar industry average of 25. It passed 4 out of 7 valuation due diligence checks.

Shoals Technologies Group's stock has gained 102.82% in the past year. It has overperformed other stocks in the solar industry by 77 percentage points.

Solar stocks were up 4.04% in the last day, and down -3.35% over the last week.

We couldn't find a catalyst for why solar stocks are up.