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.

Industry: Solar
D
Solar is Zen Rated D and is the 99th ranked industry out of 145 stock market industries
Learn how the Zen Ratings work
Ticker
Company
Zen Rating
Financials
Market Cap
ROE
ROA
ROCE
ROIC
D/E
Current Ratio
Gross Margin
Profit Margin
Operating Margin
TOYO
TOYO CO LTD
$473.88M46.50%11.60%40.04%34.40%2.970.5822.50%9.30%13.65%
TYGO
TIGO ENERGY INC
$303.93M-16.70%-2.20%24.79%31.10%1.831.5042.80%-1.80%9.40%
SUNE
SUNATION ENERGY INC
$5.08M-52.50%-23.40%-29.84%-132.00%0.981.0738.30%-15.10%-13.63%
NXT
NEXTPOWER INC
$15.86B31.30%16.90%27.90%68.60%0.772.3632.40%16.50%21.02%
SHLS
SHOALS TECHNOLOGIES GROUP INC
$1.16B5.80%4.00%7.53%7.60%0.512.0335.00%7.10%12.31%
SMXT
SOLARMAX TECHNOLOGY INC
$33.01MN/A-11.20%137.75%-24.00%-8.480.794.60%-7.00%-6.70%
FSLR
FIRST SOLAR INC
$20.57B17.30%11.80%14.68%17.90%0.402.6840.60%29.30%31.13%
SEDG
SOLAREDGE TECHNOLOGIES INC
$2.35B-80.50%-17.20%-23.22%-22.10%4.112.1716.60%-34.20%-27.02%
BEEM
BEAM GLOBAL
$31.92M-102.90%-59.70%-89.42%-111.70%0.721.7412.50%-95.60%-96.98%
MAXN
MAXEON SOLAR TECHNOLOGIES LTD
$28.41MN/A-128.60%-3,936.61%-100.10%-1.550.84-136.90%-346.50%-311.87%
SPWR
SUNPOWER INC
$151.98MN/A-23.90%-21.58%-11.20%-3.680.7343.10%-15.10%-6.23%
ENPH
ENPHASE ENERGY INC
$4.19B18.20%5.20%9.31%7.90%2.232.0746.60%11.70%14.21%
TURB
TURBO ENERGY SA
$20.60M-100.80%-17.40%-74.60%-39.70%7.980.8820.10%-18.40%-25.56%
ASTI
ASCENT SOLAR TECHNOLOGIES INC
$60.08M-263.30%-126.10%-188.57%-243.60%0.901.53-155.70%-10,288.40%-10,134.76%
SPRU
SPRUCE POWER HOLDING CORP
$74.67M-20.60%-3.00%4.16%2.00%5.640.4965.20%-23.30%22.26%
RUN
SUNRUN INC
$2.84B15.40%2.10%6.00%3.80%5.631.6630.30%15.20%43.27%
ARRY
ARRAY TECHNOLOGIES INC
$1.16BN/A-7.40%-0.18%-0.20%-5.772.3123.20%-8.70%-0.15%
VIVO
VIVOPOWER PLC
$35.33MN/A-19.00%-15.41%-25.40%3.831.3518.00%-20,970.50%-10,573.77%
FTCI
FTC SOLAR INC
$69.82MN/A-81.50%-162.54%-217.00%-3.601.43-0.90%-79.80%-71.07%
JKS
JINKOSOLAR HOLDING CO LTD
$1.12B-25.00%-3.60%-8.04%-5.80%5.941.252.20%-6.80%-8.10%
CSIQ
CANADIAN SOLAR INC
$880.18M-3.70%-0.70%0.95%0.60%3.881.0218.30%-1.90%1.58%
ZEO
ZEO ENERGY CORP
$35.02MN/A-26.80%-28.00%-108.10%1.772.6955.20%-20.20%-19.60%
PN
SKYCORP SOLAR GROUP LTD
$4.23M-14.90%-7.00%-10.31%-15.40%1.161.5910.00%-4.30%-3.87%

Solar Stocks FAQ

What are the best solar stocks to buy right now in Apr 2026?

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. Toyo Co (NASDAQ:TOYO)


Toyo Co (NASDAQ:TOYO) is the #1 top solar stock out of 23 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 70, which is 44 points higher than the solar industry average of 26.

TOYO passed 24 out of 33 due diligence checks and has strong fundamentals. Toyo Co has seen its stock return 368.98% over the past year, overperforming other solar stocks by 330 percentage points.

Toyo Co has an average 1 year price target of $16.50, an upside of 31.47% from Toyo Co's current stock price of $12.55.

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.

2. Tigo Energy (NASDAQ:TYGO)


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: A, Sentiment: B, Safety: D, Financials: B, and AI: C.

Tigo Energy (NASDAQ:TYGO) has a Due Diligence Score of 33, which is 7 points higher than the solar industry average of 26.

TYGO passed 11 out of 33 due diligence checks and has average fundamentals. Tigo Energy has seen its stock return 436% over the past year, overperforming other solar stocks by 397 percentage points.

3. Sunation Energy (NASDAQ:SUNE)


Sunation Energy (NASDAQ:SUNE) is the #3 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 Sunation Energy (NASDAQ:SUNE) is: Value: C, Growth: A, Momentum: C, Sentiment: C, Safety: C, Financials: B, and AI: C.

Sunation Energy (NASDAQ:SUNE) has a Due Diligence Score of 13, which is -13 points lower than the solar industry average of 26. Although this number is below the industry average, our proven quant model rates SUNE as a "B".

SUNE passed 5 out of 38 due diligence checks and has weak fundamentals. Sunation Energy has seen its stock lose -61.99% over the past year, underperforming other solar stocks by -101 percentage points.

Are solar stocks a good buy now?

33.33% of solar stocks rated by analysts are a strong buy right now. On average, analysts expect solar stocks to rise by 24.82% over the next year.

4.76% of solar stocks have a Zen Rating of A (Strong Buy), 14.29% of solar stocks are rated B (Buy), 61.9% are rated C (Hold), 14.29% are rated D (Sell), and 4.76% 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 15.37x.

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. Toyo Co (NASDAQ:TOYO)


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 57, which is 36 points higher than the solar industry average of 21. It passed 4 out of 7 valuation due diligence checks.

Toyo Co's stock has gained 368.98% in the past year. It has overperformed other stocks in the solar industry by 330 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 71, which is 50 points higher than the solar industry average of 21. It passed 5 out of 7 valuation due diligence checks.

First Solar's stock has gained 54.08% in the past year. It has overperformed other stocks in the solar industry by 15 percentage points.

3. Enphase Energy (NASDAQ:ENPH)


Enphase Energy (NASDAQ:ENPH) 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.

Enphase Energy has a valuation score of 57, which is 36 points higher than the solar industry average of 21. It passed 4 out of 7 valuation due diligence checks.

Enphase Energy's stock has dropped -38.24% in the past year. It has underperformed other stocks in the solar industry by -77 percentage points.

Why are solar stocks down?

Solar stocks were down -1.66% in the last day, and down -2.18% over the last week. Jinkosolar Holding Co was the among the top losers in the solar industry, dropping -11.89% yesterday.

JinkoSolar Holding shares are trading lower after the company reported worse-than-expected Q4 financial results.
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.