5 Best Alternative Energy Stocks to Buy Right Now

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1. ReneSola Ltd (NYSE:SOL)

Share Price Growth Over the Year: 182.35%
Number of Hedge Fund Holders: 4

As its name implies, ReneSola Ltd (NYSE: SOL) is involved in developing and operating solar power projects. The company also provides consulting and procurement services to other firms that are looking to set up their own solar power projects. As of June last year, it is operating 245 Megawatts of solar power projects all over the globe and has been responsible for developing 745 Megawatts of projects. It earned $73.5 million through revenue last year, marking for a 38% drop from 2019. ReneSola Ltd (NYSE: SOL) intends to dramatically scale up its pipeline projects by the end of this year and anticipates them to stand at 2 Gigawatt by 2021 end.

You can also take a peek at the 10 Tax-Advantaged MLPs with High Dividend Yields and 11 Best IPO Stocks to Buy Now.

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