5 Best Solar Energy Stocks to Buy Now

1. Enphase Energy (NASDAQ: ENPH)

No of HFs: 42

Total Value of HF Holdings: $1.045 Million

Enphase Energy is a US-based large-cap global energy technology company and supplier of solar micro inverters. The Company delivers solutions to residential and commercial solar PV systems as well as storage, accessories, and management app programs. Business revolutionized the solar industry with its microinverter technology and produces a fully integrated solar-plus-storage solution. 

They reported revenue of $178.5 million in the third quarter of 2020. Furthermore, the business exited the third quarter with $661.8 million in cash and generated $67.5 million in cash flow from operations.

Sylebra Capital Management held $346 million worth of assets at the end of the third quarter which makes it the top holder.  Stock gain this year is 573.3% and the compound 3 year revenue growth rate is 34.3%.

A final point about solar energy companies is that some companies may benefit from the possible carbon tax and carbon dividend. Besides, clean energy stocks have been surging, as the US Congress considers extending tax breaks for wind and solar energy. Without a doubt, residential solar developers will take the advantage of that to expand their business across the country. The whole PV sector with its accessories will continue to see major growth in 2021 with recovery hopes.

Please also see 15 Largest Coal Companies in The World and 11 Best Lithium and Battery Stocks To Buy Now.

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