The renewable energy sector, particularly solar energy, is becoming the next energy industry trend. According to Refinitiv Lipper statistics, investors have invested $6.2 billion in green-energy ETFs only this year. Investors are taking notice of NextEra Energy, Brookfield Renewable Partners L.P., and Enphase Energy, Inc. The prohibition on the import of solar panel raw materials from Hoshine Silicon Industry Co. imposed by the Biden Administration has opened up new prospects for solar providers in the United States. Because it does not use polysilicon, First Solar, Inc. may gain from the prohibition. Pollution from fossil fuels kills about 8 million people per year. Solar, wind, and hydroelectric power are examples of renewable energy sources that are becoming increasingly popular. It would be less expensive to build new renewable energy plants than to operate coal or gas-fired power plants.
Insider Monkey looks at the 12 best solar stocks for 2021. ReneSola Ltd is a solar energy company that operates in three categories. As of December 31, 2020, the company operated about 100 solar power plants with a total capacity of 173 MW. On the list of the best solar stocks for 2021, it is ranked 12th. Maxeon Solar Technologies, Ltd. is ranked 11th. Under the SunPower brand, the company sells interdigitated back contact and shingled solar cells and panels. In August, it will finish its centerpiece project, which will use innovative solar technology to power Kering’s logistics complex. Hannon Armstrong Sustainable Infrastructure Financing, Inc. invests in renewable energy and other sustainable infrastructure industries and offers capital and services. The firm focuses on grid-connected projects that employ cleaner energy sources like solar and wind to generate electricity. On the list of the best solar stocks for 2021, it is ranked 10th. Daqo New Energy Corp. ranks ninth. Polysilicon from the company is made into ingots, wafers, cells, and modules for solar power generation. Solar ingots, wafers, cells, modules, and other solar power products are manufactured by Canadian Solar Inc. On the list of the best solar stocks for 2021, the company is ranked eighth. On June 28th, it announced plans for an initial public offering (IPO) and stock listing. For more details, click 12 Best Solar Stocks for 2021.
