For investors, it is not that they decide about investing in solar energy stocks and renewable energy companies. Things with these stocks are not easy as it looks. With so many options and several companies, the investors are confused about returns and the growing prospects. In the past, the renewable energy sector was not given any importance, either by the government or the people. Since the governments and people started facing consequences of climate change, a lot of effort is being taken to make the world cleaner and greener for next generations. In this context, people have understood the need of renewable energy resources to meet the ever-increasing power demand. Several global governments are supporting renewable energy initiatives to ensure net-zero emissions in the years ahead. Due to global initiatives, the renewable energy companies are popping up around the globe. Besides focusing on manufacturing PV systems, these companies are focusing on producing thermal applications. The US President Elect Joe Biden already announced supporting the renewable energy sector under ‘9 Key Elements for a Clean Energy Revolution’. Under this plan, Biden has envisaged to achieve net-zero emissions until 2050. To achieve this target, the US government plans to invest $400 billion during the next 10 years to materialize the target. This article provides a brief introduction about Top 5 Solar Energy Stocks For 2021 as shared by Insider Monkey in a Yahoo post.
Canadian Solar Inc. is a Canada-based renewable energy company. This company manufactures solar photovoltaic products. At present, the company operates in 150 countries and has 17 manufacturing facilities. During 2020, the stock price of Canadian Solar Inc. increased by 148.3% while the aggregate revenue growth rate for the past 3 years is 4.4%. Another renewable energy company is Sunrun Inc. and it manufactures solar systems for residential sectors. The primary focus of this company is solar panels, storage systems and financing. The company is a US-based initiative, and it is believed that the company has reached $382 million total cash balance with $1.7 billion net assets. The company’s customer base growth rate is 20%. Sunrun has 500,000 customers and sells its products in 22 states. During 2020, the stock price of Sunrun increased by 526.7% and its revenue growth rate during the past 3 years is 19.1%. Read more about solar energy companies at 10 Best Solar Energy Stocks To Buy Now.
