7 green energy stocks to look at now
Betting on renewable energy can be risky. But, as the global shift to renewables continues, investors willing to take on risk stand to benefit from the explosive growth of this industry.
Here are seven green stocks to watch now:
First Solar is likely the best pure play on the solar industry. The company manufactures solar panels and, unlike some competitors, is vertically integrated, controlling the manufacturing process from silicon to panel.
The company has a market value of $22.2 billion, which is nearly three times larger than its closest solar competitor, SunPower. And, while First Solar’s stock has risen 30% so far this year, analysts see the company growing 35% annually over the next five years.
Image source: First Solar.
SunPower dominates its industry. The company is the second-largest solar panel manufacturer in the world, generating $1.5 billion in revenue last quarter. Analysts estimate the company can grow profits by 25% annually over the next five years.
The company’s market value is $5.9 billion, which is far smaller than First Solar’s. However, the stock is up 51% this year, significantly beating the S&P 500. And, with SunPower’s stock climbing to record highs, now may be a good time to buy.
Image source: SunPower.
Tesla Motors may not sell solar panels, but the company’s electric vehicles (EVs) have the potential to revolutionize the auto industry. And Tesla’s share price reflects its bright future. The stock is up 128% this year, and analysts see the company growing profits by 45% annually over the next five years.
Tesla’s market value is $32.7 billion, which is more than Ford and Fiat Chrysler combined.
Image source: Tesla Motors.
FuelCell Energy is developing technology to make fuel cells more efficient. The company’s stock has risen 40% this year, and analysts see the company growing profits by 24% annually over the next five years.
FuelCell Energy’s market value is $1.6 billion, which puts it in league with companies like Coca-Cola and Microsoft.
Image source: FuelCell Energy.
Vivint Solar is a residential solar company and is the second-largest provider of residential solar systems in the United States.
The stock is up 15% this year, and analysts see the company growing profits by 30% annually over the next five years.
Vivint Solar’s market value is $1
