The stocks business is overall a difficult decision and when it comes to renewable energy stocks, it comes more difficult for investors to decide and come up with a final decision. The world is progressing towards renewable energy sources at a fast pace and various governments are supporting various initiatives. This sector is being given due importance now because people have felt the impact of climate change. Ever-increasing temperatures during the summer season and inconsistent flooding patterns throughout the year have left devastating effects on local as well as agricultural economies. Various global economies have set a target for net zero emissions by 2050. In this context, various renewable sources of energy, particularly, solar companies have started working to manufacture apparatus to support the above goal. As per available data from International Energy Agency (IEA), power production solar energy sources have increased by 22% during 2019. It means, with this increase, solar power accounts for 3% of the total power generation. IEA is expecting that the global power generation will go up by 19.2% in the year 2022. In short, the carbon print is being reduced on a war-footing to make this planet a greener place for future generations. This article will provide a brief introduction about some Top 5 Best Solar Energy Stocks as shared by Insider Monkey.
SolarEdge Technologies is an Israel-based solar PV solutions company. This company manufactures solar inverters, power optimizers and monitoring systems for solar PV arrays. This company also provides a wide range of services from PV professionals to business owners. During the last quarter of 2020, Impax Asset Management invested a sum of $114.1 million in SolarEdge Technologies. During 2020, the company’s stock price increased by 231.3% whereas the aggregate revenue growth of the company was reported as 42.1%. Another popular company is First Solar. It is a US-based company as it operates various global’s largest grid-connected PV power plants. The company provides a warranty of 25 years on its solar PV cells plus a competitive energy production on a per watt basis. During the third quarter of 2020, the total sales of the company were reported to be $928 million. As per data available, Masters Capital Management was the largest investor in the company’s stocks during the third quarter of 2020. The company’s stock price increased by 84.6% during 2020 while the aggregate revenue growth rate during the past 3 years is 6.1%. To read more about other solar power companies, visit 10 Best Solar Energy Stocks To Buy Now on Yahoo.