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. Nextracker (NASDAQ:NXT)
Nextracker (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.
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The Component Grade breakdown for Nextracker (NASDAQ:NXT) is: Value: B, Growth: C, Momentum: B, Sentiment: B, Safety: C, Financials: A, and AI: C.
Nextracker (NASDAQ:NXT) has a Due Diligence Score of 42, which is 19 points higher than the solar industry average of 23.
NXT passed 14 out of 33 due diligence checks and has strong fundamentals. Nextracker has seen its stock return 0.3% over the past year, overperforming other solar stocks by 98 percentage points.
Nextracker has an average 1 year
price target of $59.68, a downside of -1.69% from Nextracker's current stock price of $60.71.
Nextracker stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 19 analysts covering Nextracker, 63.16% have issued a Strong Buy rating, 21.05% have issued a Buy, 15.79% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
2. Array Technologies (NASDAQ:ARRY)
The Component Grade breakdown for Array Technologies (NASDAQ:ARRY) is: Value: C, Growth: A, Momentum: C, Sentiment: C, Safety: C, Financials: C, and AI: C.
Array Technologies (NASDAQ:ARRY) has a Due Diligence Score of 7, which is -16 points lower than the solar industry average of 23. Although this number is below the industry average, our proven quant model rates ARRY as a "B".
ARRY passed 2 out of 33 due diligence checks and has weak fundamentals. Array Technologies has seen its stock lose -38.67% over the past year, overperforming other solar stocks by 59 percentage points.
Array Technologies has an average 1 year
price target of $8.65, an upside of 8.72% from Array Technologies's current stock price of $7.96.
Array Technologies stock has a consensus Buy recommendation according to Wall Street analysts. Of the 13 analysts covering Array Technologies, 46.15% have issued a Strong Buy rating, 7.69% have issued a Buy, 46.15% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
3. Complete Solaria (NASDAQ:SPWR)
The Component Grade breakdown for Complete Solaria (NASDAQ:SPWR) is: Value: C, Growth: A, Momentum: C, Sentiment: C, Safety: F, Financials: C, and AI: D.
Complete Solaria (NASDAQ:SPWR) has a Due Diligence Score of 23, which is equal to the solar industry average of 23.
SPWR passed 8 out of 33 due diligence checks and has weak fundamentals. Complete Solaria has seen its stock return 28% over the past year, overperforming other solar stocks by 125 percentage points.