Solar energy is an endless source of energy that will last until the end of time. The solar sector is constantly growing in popularity around the world. It’s understandable why the world’s population hasn’t yet fully embraced solar energy to suit their energy needs. Prices for solar modules are expected to rise by 18% starting in 2021. The cost of polysilicon has quadrupled, which is the main cause of these growing expenses. Despite this, renewable energy, particularly solar electricity, is still seen as a profitable investment. In the last ten years, almost $2.7 trillion has been invested in the renewable energy sector.
Insider Monkey looks at the 12 best solar energy stocks to invest in. GCL-Poly Energy Holdings Limited is a Chinese and international solar photovoltaic enterprise. On the list of the top solar energy stocks to buy, the company is ranked 12th. It owns a number of large-scale solar farms around the world. ReneSola Ltd. is ranked 11th among the top solar energy stocks to buy. Solar Power Project Development, EPC Services, and Electricity Generation Revenue are the company’s three segments. Its revenue in the first quarter of 2021 was $22.77 million, up 7.62 percent year over year. On the list of the best solar energy stocks to buy, Hannon Armstrong Sustainable Infrastructure Capital, Inc. is ranked 10th. Through solar power, the organization offers energy efficiency programs that aim to reduce energy usage and costs. The company’s revenue for the quarter was $24.11 million, up 6.23 percent year over year. On the list of the best solar energy stocks to invest in, Daqo New Energy Corp. is ranked 9th. Polysilicon from the company is made into ingots, wafers, cells, and modules for solar power generation. On the list of the best solar energy stocks to invest in, Canadian Solar Inc. is ranked eighth. Solar ingots, wafers, cells, modules, and other solar power products are the company’s main focus. In the last year, its stock has increased by 102.14 percent. For more details, click 12 Best Solar Energy Stocks to Invest In.
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