According to Zen Score, the 3 best solar energy stocks to buy right now are:
1. First Solar (NASDAQ:FSLR)
First Solar (NASDAQ:FSLR) is the top solar stock with a Zen Score of 64, which is 32 points higher than the solar industry average of 32. It passed 21 out of 33 due diligence checks and has strong fundamentals. First Solar has seen its stock lose -14.2% over the past year, overperforming other solar stocks by 41 percentage points.
First Solar has an average 1 year
price target of $226.73, an upside of 25.89% from First Solar's current stock price of $180.10.
First Solar stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 15 analysts covering First Solar, 73.33% have issued a Strong Buy rating, 26.67% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
2. Array Technologies (NASDAQ:ARRY)
Array Technologies (NASDAQ:ARRY) is the second best solar stock with a Zen Score of 58, which is 26 points higher than the solar industry average of 32. It passed 18 out of 33 due diligence checks and has strong fundamentals. Array Technologies has seen its stock lose -45.48% over the past year, overperforming other solar stocks by 10 percentage points.
Array Technologies has an average 1 year
price target of $19.83, an upside of 66.11% from Array Technologies's current stock price of $11.94.
Array Technologies stock has a consensus Buy recommendation according to Wall Street analysts. Of the 12 analysts covering Array Technologies, 50% have issued a Strong Buy rating, 0% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
3. Canadian Solar (NASDAQ:CSIQ)
Canadian Solar (NASDAQ:CSIQ) is the third best solar stock with a Zen Score of 57, which is 25 points higher than the solar industry average of 32. It passed 18 out of 33 due diligence checks and has strong fundamentals. Canadian Solar has seen its stock lose -62.84% over the past year, underperforming other solar stocks by -8 percentage points.
Canadian Solar has an average 1 year
price target of $27.01, an upside of 81.67% from Canadian Solar's current stock price of $14.87.
Canadian Solar stock has a consensus Hold recommendation according to Wall Street analysts. Of the 7 analysts covering Canadian Solar, 14.29% have issued a Strong Buy rating, 14.29% have issued a Buy, 42.86% have issued a hold, while 0% have issued a Sell rating, and 28.57% have issued a Strong Sell.