In this article, we will study the 12 most valuable solar stocks. To skip our detailed analysis of the renewable energy industry and its future prospects, you can click through to see the top 5 solar energy stocks worth investing in.
According to the Office of Energy Efficiency and Renewable Energies, the sun shines on the earth’s surface for an hour and a half, which can easily take care of global energy consumption for an entire year.
Such a statement makes people wonder why the international community has not fully turned to solar energy to meet all its energy needs, because it is an inexhaustible source of energy that will exist until the end of time. Therefore, it is not surprising that the solar industry is becoming one of the most sought-after industries in the world.
One of the main reasons why solar energy is still not used freely around the world may be the recent increase in energy costs. According to Bloomberg News, although the main selling point of solar energy used to be low cost, this situation has been reversed in 2021. According to reports, as of 2021, the price of solar modules has increased by 18%, which which is a shocking development compared to the 90% drop in prices in the last ten years. The culprit for these cost increases is that the cost of polysilicon has quadrupled, which is the main material used in solar modules. Therefore, the demand for solar panels and the progress of large-scale projects have been interrupted. Mint reports that these price increases in India may affect projects worth about 10 gigawatts, and analysts at Cowen & Co. have made similar comments about large-scale solar projects in the United States.
Nonetheless, renewable energy and solar energy in particular are still considered profitable investment options, and their contribution to the global economy is expected to increase in the coming years. A report cited by Bloomberg on June 11 confirmed this claim, noting that investment in renewable energy in the past 10 years has exceeded $ 2.7 trillion. At the same time, the share of renewable energy sources such as solar and wind energy in the “global energy structure” has doubled, from about 5.9% in 2009 to about 13.4% in 2020. It has also contributed a lot in recruiting from the global community. According to the Solar Energy Industry Association (SEIA), the solar industry has been very successful in the United States. By 2020, more than 10,000 businesses in every state will employ more than 230,000 Americans.
Perhaps the only thing that can ensure that the global community recognizes the importance of solar energy is the COVID19 pandemic. According to the “Wall Street Journal” report, the pandemic has led to job uncertainty, high electricity bills, increased power outages, and low interest rates, all of which provide the final impetus for the solar industry. Although during the start of the pandemic, installment payments for residential solar power fell 23% month-on-month due to the difficulty of selling through door-to-door marketing, this development forced the major solar providers to switch your sales models to digital interfaces.
As reported in June last year, during the pandemic, the convenience of online installment orders and the rising cost of electricity in the United States (a 9.8% year-on-year increase) have combined to push the common American citizens to install solar energy. in their houses. As demand for residential solar installations increased last year, network traffic from major solar utility companies continued to increase. For example, Sunnova Energy International Inc. (NYSE: NOVA) network traffic increased 48%. As global society shifts to renewables, stocks like Tesla Inc. (NASDAQ: TSLA) and Brookfield Renewable Energy Company (NYSE: BEPC) are also becoming better investment options. Yes, for the purposes of this article, we treat Tesla Inc.
(TSLA) as a solar stock, although the majority of its revenue comes from the sale of electric vehicles. At the end of this article, you will find out if Tesla is a good investment right now.
In light of this, we have compiled a list of the best solar equity investments based on hedge fund confidence fundamentals, analyst ratings, and future growth potential based on business strengths. main.
12 Most Valuable Solar Investments
12 Most Valuable Solar Investments
Image by Blomst from Pixabay
The entire hedge fund industry has been influenced by the changing financial landscape. Its reputation has been tarnished over the past decade, during which its hedged returns were unable to keep up with the unhedged returns of the market index. On the other hand, Insider Monkey research can determine in advance a select set of hedge fund holdings, which have outperformed the S&P 500 ETF by more than 124 percentage points since March 2017. From March 2017 to May 28, 2021, our monthly newsletter stock picking rate was 206.8% and SPY was 91.0%.
Our stock picking performance outperformed the market by more than 115 percentage points (see here for details). We can also determine in advance a set of selected hedge funds that have significantly underperformed the market. We have been tracking and listing these stocks since February 2017, and as of November 16, they have fallen by 13%. This is why we believe that hedge fund sentiment is a very useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage and send our stories to your inbox.
With this situation in mind, let us now look at the 12 most worthwhile solar stocks.
12. GCLPoly Energy Holdings Limited (OTCMKTS: GCPEF)
Number of hedge fund holders: N / A
GCLPoly Energy Holdings Limited (OTCMKTS: GCPEF) is a solar photovoltaic company operating in China and internationally. It has three major sectors: solar materials business, solar farm business and new energy business. The company ranks 12th on our list