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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:

Toyo Co (NASDAQ:TOYO) is the #1 top solar stock out of 22 with a Zen Rating of A. Stocks with a rating of A have had an average return of +32.52% per year. Learn more.

The Component Grade breakdown for Toyo Co (NASDAQ:TOYO) is: Value: A, Growth: A, Momentum: A, Sentiment: A, Safety: F, Financials: B, and AI: C.

Toyo Co (NASDAQ:TOYO) has a Due Diligence Score of 9, which is -18 points lower than the solar industry average of 27. Although this number is below the industry average, our proven quant model rates TOYO as a "A".

TOYO passed 3 out of 33 due diligence checks and has weak fundamentals. Toyo Co has seen its stock return 319.36% over the past year, overperforming other solar stocks by 234 percentage points.

Toyo Co has an average 1 year price target of $16.50, an upside of 13.71% from Toyo Co's current stock price of $14.51.

Toyo Co stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Toyo Co, 50% have issued a Strong Buy rating, 50% have issued a Buy, 0% 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 22 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 Tigo Energy (NASDAQ:TYGO) is: Value: C, Growth: C, Momentum: A, Sentiment: A, Safety: D, Financials: C, and AI: D.

Tigo Energy (NASDAQ:TYGO) has a Due Diligence Score of 50, which is 23 points higher than the solar industry average of 27.

TYGO passed 17 out of 33 due diligence checks and has strong fundamentals. Tigo Energy has seen its stock return 307.41% over the past year, overperforming other solar stocks by 222 percentage points.

Shoals Technologies Group (NASDAQ:SHLS) is the #3 top solar stock out of 22 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: C, Growth: B, Momentum: C, Sentiment: C, Safety: C, Financials: C, and AI: C.

Shoals Technologies Group (NASDAQ:SHLS) has a Due Diligence Score of 45, which is 18 points higher than the solar industry average of 27.

SHLS passed 15 out of 33 due diligence checks and has strong fundamentals. Shoals Technologies Group has seen its stock return 188.86% over the past year, overperforming other solar stocks by 104 percentage points.

Shoals Technologies Group has an average 1 year price target of $9.82, a downside of -21.14% from Shoals Technologies Group's current stock price of $12.45.

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.

46.15% of solar stocks rated by analysts are a buy right now. On average, analysts expect solar stocks to fall by -16.05% over the next year.

5.56% of solar stocks have a Zen Rating of A (Strong Buy), 0% of solar stocks are rated B (Buy), 61.11% are rated C (Hold), 27.78% 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:

Toyo Co (NASDAQ:TOYO) 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.

Toyo Co has a valuation score of 0, which is -11 points higher than the solar industry average of 11. It passed 0 out of 7 valuation due diligence checks. Although this number is below the industry average, our proven quant model rates TOYO a Valuation Rating of "A".

Toyo Co's stock has gained 319.36% in the past year. It has overperformed other stocks in the solar industry by 234 percentage points.

First Solar (NASDAQ:FSLR) 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.

First Solar has a valuation score of 57, which is 46 points higher than the solar industry average of 11. It passed 4 out of 7 valuation due diligence checks.

First Solar's stock has gained 96.72% in the past year. It has overperformed other stocks in the solar industry by 12 percentage points.

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

Array Technologies has a valuation score of 0, which is -11 points higher than the solar industry average of 11. It passed 0 out of 7 valuation due diligence checks.

Array Technologies's stock has gained 37.16% in the past year. It has underperformed other stocks in the solar industry by -48 percentage points.

Solar stocks were up 3.25% in the last day, and up 16.19% over the last week. Nextpower was the among the top gainers in the solar industry, gaining 14.02% yesterday.

Nextpower shares are trading higher after the company announced it raised its FY27 guidance. The company announced it will acquire Prevalon Energy.