Sectors & Industries TechnologySolar
Best Solar Stocks to Buy Now (2025)
Top solar stocks in 2025 ranked by overall Zen Rating. "A" Rated stocks have returned an average of +32.52% per year, and are the best solar stocks to buy now. Learn More.

Industry: Solar

Growth Financials Momentum Sentiment Forecast Dividends Due Diligence

Solar is Zen Rated F and is the 134th ranked industry out of 145 stock market industries

Ticker	Company	Price	Graham Fair Value	Graham Fair Value %	P/E	Forward P/E	P/S	P/B	PEG	Free Cash Flow	Free Cash Flow Yield	Book Value	BVPS	EV	EV/EBITDA
ENPH	ENPHASE ENERGY INC	$51.62	$20.60	150.55%	67.92x	25.41x	5.24x	8.21x	1.09x	$480.09M	6.88%	$833.02M	6.16	$7.68B	36.48
NXT	NEXTRACKER INC	$39.28	N/A	N/A	8.45x	12.37x	2.04x	4.07x	N/A	$503.81M	8.93%	$1.41B	9.79	$5.17B	6.75
ARRY	ARRAY TECHNOLOGIES INC	$4.18	N/A	N/A	-2.14x	7.67x	0.69x	-5.38x	N/A	$135.43M	21.34%	-$118.10M	-0.78	$948.56M	-5.34
PN	SKYCORP SOLAR GROUP LTD	$2.59	N/A	N/A	129.50x	N/A	1.30x	N/A	N/A	$1.36M	2.08%	$16.42M	0.66	N/A	N/A
SHLS	SHOALS TECHNOLOGIES GROUP INC	$3.25	$3.20	1.66%	23.21x	10.37x	1.37x	0.97x	0.46x	$72.00M	13.14%	$556.80M	3.30	$660.97M	10.28
FSLR	FIRST SOLAR INC	$122.45	$229.95	-46.75%	10.14x	6.64x	3.12x	1.64x	0.26x	-$308.08M	-2.35%	$7.98B	74.55	$12.10B	6.47
SUNE	SUNATION ENERGY INC	$2.79	N/A	N/A	-0.06x	N/A	26.57x	219.61x	N/A	-$6.33M	-0.43%	$8.55M	0.02	$1.90B	-198.08
CSLR	COMPLETE SOLARIA INC	$1.81	$666.73	-99.73%	0.23x	-6.69x	3.34x	-0.93x	0.00x	-$42.25M	-31.08%	-$142.70M	-1.89	$254.03M	-2.20
CSIQ	CANADIAN SOLAR INC	$7.32	$8.71	-15.99%	13.56x	-127.30x	0.08x	0.17x	0.44x	-$2.75B	-563.76%	$2.82B	42.26	$4.14B	N/A
VVPR	VIVOPOWER INTERNATIONAL PLC	$2.70	$33.97	-92.05%	1.37x	N/A	-2.06x	-0.32x	0.04x	-$8.96M	-74.78%	-$37.92M	-8.54	$40.74M	-1.18
SOL	EMEREN GROUP LTD	$1.23	N/A	N/A	N/A	35.14x	0.69x	0.21x	N/A	-$15.04M	-23.82%	$300.52M	5.86	$76.50M	-49.26
MAXN	MAXEON SOLAR TECHNOLOGIES LTD	$2.53	N/A	N/A	-0.00x	-0.21x	0.00x	-0.02x	N/A	-$398.71M	-18,927.39%	-$211.06M	-253.49	$271.13M	-0.50
SMXT	SOLARMAX TECHNOLOGY INC	$1.09	N/A	N/A	-1.38x	N/A	2.10x	-3.31x	N/A	-$9.11M	-18.81%	-$15.08M	-0.34	$84.01M	-2.78
FTCI	FTC SOLAR INC	$2.57	N/A	N/A	-0.67x	-1.12x	0.69x	1.74x	N/A	-$36.34M	-111.56%	$19.04M	1.50	$31.70M	-0.68
RUN	SUNRUN INC	$6.57	N/A	N/A	-0.51x	-9.54x	0.72x	0.58x	N/A	-$3.47B	-237.49%	$2.55B	11.49	$13.53B	-9.64
JKS	JINKOSOLAR HOLDING CO LTD	$16.36	$23.23	-29.58%	106.23x	-7.11x	0.07x	0.31x	0.25x	N/A	N/A	$2.74B	52.48	$3.61B	N/A
SEDG	SOLAREDGE TECHNOLOGIES INC	$12.10	N/A	N/A	-0.38x	-2.63x	0.77x	1.08x	N/A	-$421.48M	-61.02%	$658.34M	11.53	$1.05B	-0.64
BEEM	BEAM GLOBAL	$1.40	N/A	N/A	-1.82x	-2.09x	0.41x	0.53x	N/A	-$3.02M	-14.79%	$41.29M	2.82	$18.93M	-2.47
TYGO	TIGO ENERGY INC	$0.79	N/A	N/A	-0.76x	-1.84x	0.89x	5.86x	N/A	-$13.64M	-28.50%	$8.39M	0.14	$79.47M	-1.63
NOVA	SUNNOVA ENERGY INTERNATIONAL INC	$0.18	N/A	N/A	-0.06x	-0.06x	0.03x	0.01x	N/A	-$1.95B	-8,736.11%	$1.83B	14.74	$8.27B	35.02
ZEO	ZEO ENERGY CORP	$1.55	N/A	N/A	-0.85x	N/A	0.10x	-1.94x	N/A	-$6.99M	-89.29%	-$39.33M	-7.78	$74.88M	-7.96
TURB	TURBO ENERGY SA	$2.47	N/A	N/A	-5.80x	N/A	2.35x	10.53x	N/A	$1.65M	6.07%	$2.58M	0.23	$29.74M	-5.88
ASTI	ASCENT SOLAR TECHNOLOGIES INC	$1.46	N/A	N/A	-0.14x	N/A	31.06x	0.74x	N/A	-$8.42M	-653.77%	$3.38M	3.83	$1.38M	-0.17
SPRU	SPRUCE POWER HOLDING CORP	$2.03	N/A	N/A	-0.53x	N/A	0.46x	0.26x	N/A	-$36.07M	-96.21%	$143.71M	7.78	$638.62M	-71.17

Solar Stocks FAQ

What are the best solar stocks to buy right now in Apr 2025?

According to Zen Ratings, our proprietary rating system that evaluates 115 factors proven to drive growth in stocks and assigns each stock in our system an overall letter grade as well as 7 individual Component Grades for Value, Growth, Momentum, Sentiment, Safety, Financials, and proprietary AI algorithms, the 3 best solar energy stocks to buy right now are:

1. Enphase Energy (NASDAQ:ENPH)

Enphase Energy (NASDAQ:ENPH) is the #1 top solar stock out of 24 with a Zen Rating of C. Stocks with a rating of C have had an average return of +7.53% per year. Learn more.

The Component Grade breakdown for Enphase Energy (NASDAQ:ENPH) is: Value: C, Growth: B, Momentum: F, Sentiment: C, Safety: C, Financials: B, and AI: A.

Enphase Energy (NASDAQ:ENPH) has a Due Diligence Score of 43, which is 18 points higher than the solar industry average of 25.

ENPH passed 14 out of 33 due diligence checks and has strong fundamentals. Enphase Energy has seen its stock lose -53.29% over the past year, overperforming other solar stocks by 43 percentage points.

Enphase Energy has an average 1 year price target of $79.31, an upside of 53.64% from Enphase Energy's current stock price of $51.62.

Enphase Energy stock has a consensus Buy recommendation according to Wall Street analysts. Of the 25 analysts covering Enphase Energy, 24% have issued a Strong Buy rating, 24% have issued a Buy, 36% have issued a hold, while 8% have issued a Sell rating, and 8% have issued a Strong Sell.

2. Nextracker (NASDAQ:NXT)

Nextracker (NASDAQ:NXT) is the #2 top solar stock out of 24 with a Zen Rating of C. Stocks with a rating of C have had an average return of +7.53% per year. Learn more.

The Component Grade breakdown for Nextracker (NASDAQ:NXT) is: Value: B, Growth: D, Momentum: C, Sentiment: A, Safety: C, Financials: A, and AI: C.

Nextracker (NASDAQ:NXT) has a Due Diligence Score of 40, which is 15 points higher than the solar industry average of 25.

NXT passed 13 out of 33 due diligence checks and has average fundamentals. Nextracker has seen its stock lose -10.73% over the past year, overperforming other solar stocks by 85 percentage points.

Nextracker has an average 1 year price target of $55.00, an upside of 40.02% from Nextracker's current stock price of $39.28.

Nextracker stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 17 analysts covering Nextracker, 64.71% have issued a Strong Buy rating, 17.65% have issued a Buy, 17.65% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Array Technologies (NASDAQ:ARRY)

Array Technologies (NASDAQ:ARRY) is the #3 top solar stock out of 24 with a Zen Rating of C. Stocks with a rating of C have had an average return of +7.53% per year. Learn more.

The Component Grade breakdown for Array Technologies (NASDAQ:ARRY) is: Value: C, Growth: B, Momentum: D, Sentiment: D, Safety: C, Financials: C, and AI: A.

Array Technologies (NASDAQ:ARRY) has a Due Diligence Score of 13, which is -12 points lower than the solar industry average of 25.

ARRY passed 4 out of 33 due diligence checks and has weak fundamentals. Array Technologies has seen its stock lose -64.24% over the past year, overperforming other solar stocks by 32 percentage points.

Array Technologies has an average 1 year price target of $8.62, an upside of 106.1% from Array Technologies's current stock price of $4.18.

Array Technologies stock has a consensus Buy recommendation according to Wall Street analysts. Of the 13 analysts covering Array Technologies, 38.46% have issued a Strong Buy rating, 7.69% have issued a Buy, 53.85% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the solar stocks with highest dividends?

Out of 1 solar stocks that have issued dividends in the past year, the 1 solar stocks with the highest dividend yields are:

1. Jinkosolar Holding Co (NYSE:JKS)

Jinkosolar Holding Co (NYSE:JKS) has an annual dividend yield of 9.17%, which is the same as the solar industry average of 9.17%.

Jinkosolar Holding Co's dividend payout ratio of 972.3% indicates that its high dividend yield might not be sustainable for the long-term.

Why are solar stocks down?

Solar stocks were down -3.49% in the last day, and down -6.09% over the last week.

We couldn't find a catalyst for why solar stocks are down.

What are the most undervalued solar stocks?

Based on the Valuation rating, one of the 7 components of a stocks overall Zen Ratings grade, which evaluates factors including estimated earnings yield, earnings before interest and taxes/enterprise value, cash flow yield, free cash flow to price, and price-to-earnings growth (PEG ratio), the 3 most undervalued solar stocks right now are:

1. Nextracker (NASDAQ:NXT)

Nextracker (NASDAQ:NXT) is the most undervalued solar stock based on its Valuation Rating of B. Valuation is one of 7 Component Grades used to calculate the overall Zen Rating.

Nextracker has a valuation score of 29, which is 9 points higher than the solar industry average of 20. It passed 2 out of 7 valuation due diligence checks.

Nextracker's stock has dropped -10.73% in the past year. It has overperformed other stocks in the solar industry by 85 percentage points.

2. First Solar (NASDAQ:FSLR)

First Solar (NASDAQ:FSLR) is the second most undervalued solar stock based on its Valuation Rating of B. Valuation is one of 7 Component Grades used to calculate the overall Zen Rating.

First Solar has a valuation score of 57, which is 37 points higher than the solar industry average of 20. It passed 4 out of 7 valuation due diligence checks.

First Solar's stock has dropped -30.54% in the past year. It has overperformed other stocks in the solar industry by 66 percentage points.

3. Shoals Technologies Group (NASDAQ:SHLS)

Shoals Technologies Group (NASDAQ:SHLS) is the third most undervalued solar stock based on its Valuation Rating of B. Valuation is one of 7 Component Grades used to calculate the overall Zen Rating.

Shoals Technologies Group has a valuation score of 43, which is 23 points higher than the solar industry average of 20. It passed 3 out of 7 valuation due diligence checks.

Shoals Technologies Group's stock has dropped -61.45% in the past year. It has overperformed other stocks in the solar industry by 35 percentage points.

Are solar stocks a good buy now?

31.25% of solar stocks rated by analysts are a strong buy right now. On average, analysts expect solar stocks to rise by 82.53% over the next year.

0% of solar stocks have a Zen Rating of A (Strong Buy), 0% of solar stocks are rated B (Buy), 55.56% are rated C (Hold), 27.78% are rated D (Sell), and 16.67% are rated F (Strong Sell).

What is the average p/e ratio of the solar industry?

The average P/E ratio of the solar industry is 22.92x.

WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.