As governments encourage the production and adoption of sustainable energy, solar industry has witnessed a surge in sales. This shift is being led by the United States and China, two of the world’s largest manufacturing countries. Solar PV expansion will reach 162 GW annually by 2022, according to a forecast by the International Energy Agency. In 1956, the cost of solar energy per watt was around $300. The cost per watt has now been reduced to around $3. Apple was the most solar-adopting company in the United States in 2019, with 393 MW of solar electricity used to power data centers. The organization has produced a study summarizing this year’s solar market trends. Tesla, Duke Energy Corporation, and NextEra Energy, Inc., among others, are some of the greatest solar firms to invest in right now.
Here is Insider Monkey’s list of the 10 solar penny stocks to buy according to Reddit. According to Reddit, SunHydrogen, Inc. is the ninth best solar penny stock to purchase. The company creates and sells solar-powered nanoparticle devices that separate hydrogen from water in a photosynthesis-like process. Solar Integrated Roofing Corporation came in ninth. The company is based in California and specializes in solar system installation. It was created in 2007 and has a $165 million market capitalization. Solar Alliance Energy Inc. is a Canadian energy solutions provider. In the last year, the stock has returned more than 1,011 percent to investors. According to Reddit, it ranks eighth on our list of ten solar penny stocks to purchase. Ascent Solar Technologies, Inc. is the seventh best solar penny stock to purchase. In the second quarter, the company reported revenue of more than $0.3 million, up 666 percent over the previous year. Enerkon Solar International, Inc. is the sixth best solar penny stock to purchase. The corporation, which is situated in Florida, manages power plants as well as renewable energy systems. It has a market capitalization of more than $5 million. For more details, click 10 Solar Penny Stocks To Buy According To Reddit.
