Sectors & Industries TechnologySolar
Best Solar Stocks to Buy Now (2025)
Top solar stocks in 2025 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.

Industry: Solar

Overview Zen Rating Price Value Growth Financials

Momentum Sentiment Forecast Dividends Due Diligence

Solar is Zen Rated F and is the 134th ranked industry out of 145 stock market industries

Ticker	Company	Market Cap	ROE	ROA	ROCE	ROIC	D/E	Current Ratio	Gross Margin	Profit Margin	Operating Margin
ARRY	ARRAY TECHNOLOGIES INC	$726.63M	-313.60%	-18.90%	-21.83%	-22.00%	-9.63	2.28	32.50%	-32.30%	-23.56%
NXT	NEXTRACKER INC	$5.91B	49.00%	21.40%	36.41%	68.90%	1.11	2.21	37.70%	21.00%	27.31%
ENPH	ENPHASE ENERGY INC	$5.85B	17.20%	4.60%	9.62%	6.00%	2.83	1.90	47.90%	10.40%	13.16%
PN	SKYCORP SOLAR GROUP LTD	N/A	N/A	N/A	4.08%	N/A	0.80	1.99	13.10%	0.90%	1.57%
SHLS	SHOALS TECHNOLOGIES GROUP INC	$602.85M	4.40%	3.00%	7.26%	7.00%	0.42	2.33	35.60%	6.00%	12.95%
FSLR	FIRST SOLAR INC	$13.49B	16.30%	10.80%	14.44%	15.90%	0.48	1.93	43.60%	29.70%	33.05%
SPWR	COMPLETE SOLARIA INC	$139.42M	N/A	-228.50%	-177.74%	-306.10%	-1.76	2.46	2.30%	-321.30%	-288.51%
VVPR	VIVOPOWER INTERNATIONAL PLC	$15.63M	N/A	-92.90%	423.24%	-210.20%	-1.84	0.30	8.50%	743.40%	587.14%
SUNE	SUNATION ENERGY INC	$1.57B	N/A	-53.70%	-68.61%	-115.30%	4.35	0.41	35.90%	-48.30%	-22.38%
CSIQ	CANADIAN SOLAR INC	$603.86M	1.30%	0.30%	2.00%	1.60%	3.33	1.04	16.70%	0.60%	2.62%
SOL	EMEREN GROUP LTD	$69.28M	-4.00%	-2.70%	-2.13%	-2.10%	0.37	3.87	26.20%	-13.60%	-9.20%
FTCI	FTC SOLAR INC	$41.05M	-130.60%	-49.00%	-117.63%	-158.10%	3.72	1.55	-26.60%	-102.60%	-101.48%
SMXT	SOLARMAX TECHNOLOGY INC	$54.08M	N/A	-74.60%	-815.78%	-77.00%	-3.56	0.60	10.10%	-152.10%	-138.05%
RUN	SUNRUN INC	$1.56B	-61.90%	-13.50%	-10.91%	-7.00%	6.16	1.29	16.10%	-139.70%	-99.36%
MAXN	MAXEON SOLAR TECHNOLOGIES LTD	$5.13M	N/A	-85.10%	-290.24%	-81.60%	-3.07	1.11	-34.30%	-94.20%	-86.05%
SEDG	SOLAREDGE TECHNOLOGIES INC	$719.20M	-121.20%	-53.30%	-106.70%	-57.30%	3.00	1.95	-97.30%	-200.40%	-188.10%
JKS	JINKOSOLAR HOLDING CO LTD	$880.96M	0.30%	0.00%	1.80%	1.40%	4.56	1.26	10.90%	0.10%	1.37%
BEEM	BEAM GLOBAL	$22.16M	-25.40%	-16.30%	-23.56%	-38.30%	0.49	2.04	14.80%	-22.90%	-22.99%
ASTI	ASCENT SOLAR TECHNOLOGIES INC	$2.85M	-441.20%	-121.40%	-174.64%	-275.00%	1.11	1.63	-254.20%	-21,873.80%	-20,284.67%
TURB	TURBO ENERGY SA	$28.98M	-84.70%	-23.90%	-119.31%	-65.10%	3.82	0.93	5.80%	-34.60%	-42.53%
NOVA	SUNNOVA ENERGY INTERNATIONAL INC	$23.64M	-21.20%	-2.90%	-0.18%	-0.10%	5.83	0.78	32.40%	-43.80%	-2.53%
TYGO	TIGO ENERGY INC	$50.27M	-178.10%	-65.40%	-91.79%	-55.10%	7.70	3.12	-7.70%	-116.20%	-94.83%
ZEO	ZEO ENERGY CORP	$81.77M	N/A	-24.30%	-31.69%	-151.80%	-0.35	1.56	35.10%	-15.30%	-15.08%
SPRU	SPRUCE POWER HOLDING CORP	$36.34M	-39.90%	-8.20%	-3.61%	-2.40%	5.24	2.29	51.30%	-85.90%	-36.85%

Solar Stocks FAQ

What are the best solar stocks to buy right now in May 2025?

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:

1. Array Technologies (NASDAQ:ARRY)

Array Technologies (NASDAQ:ARRY) is the #1 top solar stock out of 24 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 Array Technologies (NASDAQ:ARRY) is: Value: C, Growth: B, Momentum: D, Sentiment: C, Safety: C, Financials: C, and AI: C.

Array Technologies (NASDAQ:ARRY) has a Due Diligence Score of 13, which is -10 points lower than the solar industry average of 23.

ARRY passed 4 out of 33 due diligence checks and has weak fundamentals. Array Technologies has seen its stock lose -61.26% over the past year, overperforming other solar stocks by 36 percentage points.

Array Technologies has an average 1 year price target of $8.75, an upside of 83.05% from Array Technologies's current stock price of $4.78.

Array Technologies stock has a consensus Buy recommendation according to Wall Street analysts. Of the 12 analysts covering Array Technologies, 41.67% have issued a Strong Buy rating, 8.33% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Nextracker (NASDAQ:NXT)

Nextracker (NASDAQ:NXT) is the #2 top solar stock out of 24 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 Nextracker (NASDAQ:NXT) is: Value: B, Growth: D, Momentum: C, Sentiment: A, Safety: C, Financials: A, and AI: C.

Nextracker (NASDAQ:NXT) has a Due Diligence Score of 40, which is 17 points higher than the solar industry average of 23.

NXT passed 13 out of 33 due diligence checks and has average fundamentals. Nextracker has seen its stock lose -5.09% over the past year, overperforming other solar stocks by 92 percentage points.

Nextracker has an average 1 year price target of $55.00, an upside of 35.43% from Nextracker's current stock price of $40.61.

Nextracker stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 17 analysts covering Nextracker, 64.71% have issued a Strong Buy rating, 17.65% have issued a Buy, 17.65% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Enphase Energy (NASDAQ:ENPH)

Enphase Energy (NASDAQ:ENPH) is the #3 top solar stock out of 24 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 Enphase Energy (NASDAQ:ENPH) is: Value: C, Growth: B, Momentum: F, Sentiment: F, Safety: C, Financials: B, and AI: C.

Enphase Energy (NASDAQ:ENPH) has a Due Diligence Score of 40, which is 17 points higher than the solar industry average of 23.

ENPH passed 13 out of 33 due diligence checks and has average fundamentals. Enphase Energy has seen its stock lose -59% over the past year, overperforming other solar stocks by 38 percentage points.

Enphase Energy has an average 1 year price target of $63.05, an upside of 41.39% from Enphase Energy's current stock price of $44.59.

Enphase Energy stock has a consensus Hold recommendation according to Wall Street analysts. Of the 23 analysts covering Enphase Energy, 26.09% have issued a Strong Buy rating, 17.39% have issued a Buy, 34.78% have issued a hold, while 8.7% have issued a Sell rating, and 13.04% have issued a Strong Sell.

What are the solar stocks with highest dividends?

Out of 1 solar stocks that have issued dividends in the past year, the 1 solar stocks with the highest dividend yields are:

1. Jinkosolar Holding Co (NYSE:JKS)

Jinkosolar Holding Co (NYSE:JKS) has an annual dividend yield of 8.74%, which is the same as the solar industry average of 8.74%.

Jinkosolar Holding Co's dividend payout ratio of 1,054.3% indicates that its high dividend yield might not be sustainable for the long-term.

Why are solar stocks down?

Solar stocks were down -6.21% in the last day, and down -0.57% over the last week. First Solar was the among the top losers in the solar industry, dropping -8.32% yesterday.

First Solar shares are trading lower after the company reported worse-than-expected Q1 EPS results and cut its FY25 guidance.

What are the most undervalued solar stocks?

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:

1. Nextracker (NASDAQ:NXT)

Nextracker (NASDAQ:NXT) is the 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.

Nextracker has a valuation score of 29, which is 10 points higher than the solar industry average of 19. It passed 2 out of 7 valuation due diligence checks.

Nextracker's stock has dropped -5.09% in the past year. It has overperformed other stocks in the solar industry by 92 percentage points.

2. First Solar (NASDAQ:FSLR)

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 38 points higher than the solar industry average of 19. It passed 4 out of 7 valuation due diligence checks.

First Solar's stock has dropped -28.63% in the past year. It has overperformed other stocks in the solar industry by 68 percentage points.

3. Shoals Technologies Group (NASDAQ:SHLS)

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 43, which is 24 points higher than the solar industry average of 19. It passed 3 out of 7 valuation due diligence checks.

Shoals Technologies Group's stock has dropped -57.28% in the past year. It has overperformed other stocks in the solar industry by 40 percentage points.

Are solar stocks a good buy now?

31.25% of solar stocks rated by analysts are a strong buy right now. On average, analysts expect solar stocks to rise by 65.11% over the next year.

0% of solar stocks have a Zen Rating of A (Strong Buy), 0% of solar stocks are rated B (Buy), 44.44% are rated C (Hold), 33.33% are rated D (Sell), and 22.22% are rated F (Strong Sell).

What is the average p/e ratio of the solar industry?

The average P/E ratio of the solar industry is 17.21x.

WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.