Brent crude hit a new high of $77.25 per barrel, its highest in more than two months. This year, natural gas prices increased by 100% in the United States and 280 percent in Europe. The oil and gas industry’s revival is boosting solar energy stocks. Tesla, Inc. is one of the most well-known renewable energy firms dedicated to delivering sustainable energy generation to homes. Invesco Solar ETF, on the other hand, has returned 50.14 percent in the last year. In the first half of 2021, investors pumped $174 billion on renewable energy technologies and companies. The amount invested in solar projects climbed by 9% to $78.9 billion. By 2026, the global solar energy industry will have grown by a compound annual rate of 20.5 percent.
Insider Monkey discusses the list of the 10 best solar energy stocks to buy today. Junction and splice boxes, inline fuses, wires, and wireless monitoring devices are all sold by the Tennessee-based solar manufacturer. Shoals Technologies Group, Inc. reported $0.09 EPS in the second quarter of 2021. Brookfield Renewable Partners L.P. is the ninth best solar energy stock to buy right now. The company provides electricity to customers all over the world using renewable energy sources, including solar and wind. Its sales in the second quarter was $1.02 billion, which was $90.58 million higher than expected. Clearway Energy, Inc. is the seventh best solar energy company to purchase right now. With nearly 4,700 net MW of installed wind and solar power projects, the New Jersey-based energy corporation is one of the largest renewable energy producers in the US. Residential solar energy systems and storage solutions are sold by the Houston-based solar power company. Sunnova Energy International Inc. announced a -$0.36 EPS in the second quarter of 2021, missing projections by $0.18. In the preceding year, the stock increased by 28.8%. Photovoltaic (PV) solar panel systems are sold by the Arizona-based solar energy company. In the second quarter of 2021, First Solar, Inc. recorded an EPS of $0.78. The company raised its sales forecast for the fiscal year 2021 from $2.875 billion to $3.1 billion. For more details, click 10 Best Solar Energy Stocks To Buy Today.
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