5 Most Promising Solar Stocks According to Analysts

In this article, we discuss the 5 most promising Solar stocks according to analysts. To read a detailed overview of the healthcare sector, go directly to the 12 Most Promising Solar Stocks According to Analysts.

5. FTC Solar, Inc. (NASDAQ:FTCI)

Average Analyst Price Target Upside: 66.71%

Average Analyst Price Target: $1.22

FTC Solar, Inc. (NASDAQ:FTCI) is a Texas-based company that offers advanced solar tracker systems, software, and value-added engineering services. FTC Solar, Inc. (NASDAQ:FTCI) is one of the most promising solar stocks according to analysts.

According to Insider Monkey’s database that tracks 910 elite hedge funds, 11 funds held a stake in FTC Solar, Inc. (NASDAQ:FTCI)’s stock in the third quarter. Herbert Frazier’s Hill City Capital was the most significant stakeholder in the company and owned 4.33 million company shares worth $5.542 million.

FTC Solar, Inc. (NASDAQ:FTCI) was covered by 6 Wall Street analysts over the last three months, and 3 maintained a Buy rating on the stock. As of the December 20 market close, the average price target of $1.22 represented an upside of 66.71%.

4. Emeren Group Ltd (NYSE:SOL)

Average Analyst Price Target Upside: 94.25%

Average Analyst Price Target: $5.07

Emeren Group Ltd (NYSE:SOL) is a Connecticut-based owner, developer, builder, operator, and marketeer of solar power projects.

On November 21, Emeren Group Ltd (NYSE:SOL) announced its third-quarter earnings result with a GAAP EPS of -$0.17 and revenue of $13.9 million.

On November 9, Emeren Group Ltd (NYSE:SOL) reported a second deal with Matrix Renewables by selling a portfolio comprising five Battery Energy Storage Systems in Southern Italy.

On November 14, Emeren Group Ltd (NYSE:SOL) announced that it signed a sales and purchase agreement with Rubis Photosol for a 29 MWp solar PV portfolio in Spain. The projects are expected to be operational in the second half of 2025, and the PV solar trackers are expected to generate around 57,000 MWh of clean energy.

3. Tigo Energy, Inc. (NASDAQ:TYGO)

Average Analyst Price Target Upside: 217.55%

Average Analyst Price Target: $5.97

Tigo Energy, Inc. (NASDAQ:TYGO) is a California-based company that is involved in designing, developing, and manufacturing solar power conversion and storage products, software, and related technologies.

In the third quarter, 3 hedge funds held a stake in Tigo Energy, Inc. (NASDAQ:TYGO)’s stock at a combined stake value of $60.709 million, according to Insider Monkey’s database.

In the third quarter, Tigo Energy, Inc. (NASDAQ:TYGO) posted its third-quarter earnings result with a GAAP EPS of -$0.27, and the revenue of the quarter was $17.1 million. The expectation for Q4 revenues is between $15 million and $20 million.

Of the 3 Wall Street analysts that covered Tigo Energy, Inc. (NASDAQ:TYGO) over the last three months, 2 kept a Buy rating on the stock. As of the December 20 market close, the average price target of $5.97 represented an upside of 217.55%.

2. Beam Global (NASDAQ:BEEM)

Average Analyst Price Target Upside: 266.53%

Average Analyst Price Target: $23.00

Beam Global (NASDAQ:BEEM) is a California-based company that offers various clean technology solutions, including engineered solar-powered products, EV arc systems, solar tree systems, and more.

On December 20, Beam Global (NASDAQ:BEEM) reported that its new unit sales increased by 20% year-over-year from county-level entities’ orders. 

On December 7, Beam Global (NASDAQ:BEEM) announced that it bagged repeat orders from multiple federal agencies. With a 266.53% analyst price target upside, it is one of the most promising solar stocks according to analysts.

1. iSun, Inc. (NASDAQ:ISUN)

Average Analyst Price Target Upside: 510.94%

Average Analyst Price Target: $1.63

iSun, Inc. (NASDAQ:ISUN) is a Vermont-based company that offers commercial solar contracting, EV charging, system installation, and related services.

2 Wall Street analysts covered iSun, Inc. (NASDAQ:ISUN) over the last three months, and all kept a Buy rating on the stock. The average price target of $1.63 had an upside of 510.94% as of the December 20 market close.

On November 17, Roth MKM analyst Justin Clare lowered the price target on iSun, Inc. (NASDAQ:ISUN)’s stock to $0.50 from $1.00 but maintained a Buy rating on the shares.

According to Insider Monkey’s database that tracks 910 elite hedge funds, 3 funds had investments in iSun, Inc. (NASDAQ:ISUN)’s stock in the third quarter.

You can also look at the 15 Best Dividend Stocks to Buy According to Warren Buffett and the 15 Highest Quality Hot Dog Brands in the US.

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and investors. Please subscribe to our daily free newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.