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. Nextpower (NASDAQ:NXT)
Nextpower (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 Nextpower (NASDAQ:NXT) is: Value: B, Growth: C, Momentum: B, Sentiment: C, Safety: C, Financials: A, and AI: C.
Nextpower (NASDAQ:NXT) has a Due Diligence Score of 41, which is 17 points higher than the solar industry average of 24.
NXT passed 14 out of 33 due diligence checks and has strong fundamentals. Nextpower has seen its stock return 120.09% over the past year, overperforming other solar stocks by 159 percentage points.
Nextpower has an average 1 year
price target of $99.83, an upside of 11.42% from Nextpower's current stock price of $89.60.
Nextpower stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 18 analysts covering Nextpower, 66.67% have issued a Strong Buy rating, 16.67% have issued a Buy, 16.67% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
2. First Solar (NASDAQ:FSLR)
The Component Grade breakdown for First Solar (NASDAQ:FSLR) is: Value: B, Growth: B, Momentum: B, Sentiment: C, Safety: D, Financials: C, and AI: C.
First Solar (NASDAQ:FSLR) has a Due Diligence Score of 53, which is 29 points higher than the solar industry average of 24.
FSLR passed 18 out of 33 due diligence checks and has strong fundamentals. First Solar has seen its stock return 42.21% over the past year, overperforming other solar stocks by 81 percentage points.
First Solar has an average 1 year
price target of $264.47, a downside of -2.77% from First Solar's current stock price of $272.00.
First Solar stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 18 analysts covering First Solar, 72.22% have issued a Strong Buy rating, 16.67% have issued a Buy, 5.56% have issued a hold, while 0% have issued a Sell rating, and 5.56% have issued a Strong Sell.
3. 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 16, which is -8 points lower than the solar industry average of 24. Although this number is below the industry average, our proven quant model rates ARRY as a "B".
ARRY passed 5 out of 33 due diligence checks and has weak fundamentals. Array Technologies has seen its stock return 35.99% over the past year, overperforming other solar stocks by 75 percentage points.
Array Technologies has an average 1 year
price target of $11.04, an upside of 22.24% from Array Technologies's current stock price of $9.03.
Array Technologies stock has a consensus Buy recommendation according to Wall Street analysts. Of the 13 analysts covering Array Technologies, 38.46% have issued a Strong Buy rating, 15.38% have issued a Buy, 38.46% have issued a hold, while 7.69% have issued a Sell rating, and 0% have issued a Strong Sell.