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)
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 -57.78% over the past year, overperforming other solar stocks by 39 percentage points.
Array Technologies has an average 1 year
price target of $8.75, an upside of 65.41% from Array Technologies's current stock price of $5.29.
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.
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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 -2.36% over the past year, overperforming other solar stocks by 95 percentage points.
Nextracker has an average 1 year
price target of $55.00, an upside of 27.7% from Nextracker's current stock price of $43.07.
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. Skycorp Solar Group (NASDAQ:PN)
The Component Grade breakdown for Skycorp Solar Group (NASDAQ:PN) is: Value: C, Growth: C, Momentum: C, Sentiment: C, Safety: C, Financials: C, and AI: C.
Skycorp Solar Group (NASDAQ:PN) has a Due Diligence Score of 11, which is -12 points lower than the solar industry average of 23.
PN passed 3 out of 33 due diligence checks and has weak fundamentals.