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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 +28.50% per year, and are the best solar stocks to buy now. Learn More.

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:

Toyo Co (NASDAQ:TOYO) is the #1 top solar stock out of 22 with a Zen Rating of A. Stocks with a rating of A have had an average return of +28.5% per year. Learn more.

The Component Grade breakdown for Toyo Co (NASDAQ:TOYO) is: Value: A, Growth: B, Momentum: C, Sentiment: B, Safety: F, Financials: B, and AI: D.

Toyo Co (NASDAQ:TOYO) has a Due Diligence Score of 13, which is -16 points lower than the solar industry average of 29. Although this number is below the industry average, our proven quant model rates TOYO as a "A".

TOYO passed 4 out of 33 due diligence checks and has weak fundamentals. Toyo Co has seen its stock return 15.32% over the past year, underperforming other solar stocks by -1 percentage points.

Toyo Co has an average 1 year price target of $15.00, an upside of 147.12% from Toyo Co's current stock price of $6.07.

Toyo Co stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Toyo Co, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Shoals Technologies Group (NASDAQ:SHLS) is the #2 top solar stock out of 22 with a Zen Rating of C. Stocks with a rating of C have had an average return of +5.11% per year. Learn more.

The Component Grade breakdown for Shoals Technologies Group (NASDAQ:SHLS) is: Value: C, Growth: C, Momentum: C, Sentiment: C, Safety: C, Financials: C, and AI: C.

Shoals Technologies Group (NASDAQ:SHLS) has a Due Diligence Score of 48, which is 19 points higher than the solar industry average of 29.

SHLS passed 16 out of 33 due diligence checks and has strong fundamentals. Shoals Technologies Group has seen its stock return 36.26% over the past year, overperforming other solar stocks by 20 percentage points.

Shoals Technologies Group has an average 1 year price target of $10.67, an upside of 26.24% from Shoals Technologies Group's current stock price of $8.45.

Shoals Technologies Group stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 12 analysts covering Shoals Technologies Group, 58.33% have issued a Strong Buy rating, 16.67% have issued a Buy, 25% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Nextpower (NASDAQ:NXT) is the #3 top solar stock out of 22 with a Zen Rating of C. Stocks with a rating of C have had an average return of +5.11% per year. Learn more.

The Component Grade breakdown for Nextpower (NASDAQ:NXT) is: Value: B, Growth: C, Momentum: C, Sentiment: C, Safety: C, Financials: B, and AI: C.

Nextpower (NASDAQ:NXT) has a Due Diligence Score of 58, which is 29 points higher than the solar industry average of 29.

NXT passed 20 out of 33 due diligence checks and has strong fundamentals. Nextpower has seen its stock return 46.37% over the past year, overperforming other solar stocks by 30 percentage points.

Nextpower has an average 1 year price target of $147.40, an upside of 45.26% from Nextpower's current stock price of $101.47.

Nextpower stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 20 analysts covering Nextpower, 55% have issued a Strong Buy rating, 25% have issued a Buy, 20% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Out of 1 solar stocks that have issued dividends in the past year, the 1 solar stocks with the highest dividend yields are:

Jinkosolar Holding Co (NYSE:JKS) has an annual dividend yield of 8.84%, which is the same as the solar industry average of 8.9%.

Jinkosolar Holding Co's dividend payout ratio of -12.9% indicates that its high dividend yield might not be sustainable for the long-term.

Solar stocks were down -0.04% in the last day, and down -5.82% over the last week.

We couldn't find a catalyst for why solar stocks are down.

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:

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 14, which is -3 points higher than the solar industry average of 17. It passed 1 out of 7 valuation due diligence checks. Although this number is below the industry average, our proven quant model rates TOYO a Valuation Rating of "A".

Toyo Co's stock has gained 15.32% in the past year. It has underperformed other stocks in the solar industry by -1 percentage points.

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 43, which is 26 points higher than the solar industry average of 17. It passed 3 out of 7 valuation due diligence checks.

First Solar's stock has dropped -0.67% in the past year. It has underperformed other stocks in the solar industry by -17 percentage points.

Array Technologies (NASDAQ:ARRY) 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.

Array Technologies has a valuation score of 14, which is -3 points higher than the solar industry average of 17. It passed 1 out of 7 valuation due diligence checks. Although this number is below the industry average, our proven quant model rates ARRY a Valuation Rating of "B".

Array Technologies's stock has dropped -40.86% in the past year. It has underperformed other stocks in the solar industry by -57 percentage points.

40% of solar stocks rated by analysts are a buy right now. On average, analysts expect solar stocks to rise by 32.21% over the next year.

5.56% of solar stocks have a Zen Rating of A (Strong Buy), 0% of solar stocks are rated B (Buy), 66.67% are rated C (Hold), 16.67% are rated D (Sell), and 11.11% are rated F (Strong Sell).