Are solar energy stocks a good investment in 2023?

To skip the detailed overview of the solar industry, go directly to the 5 Most Promising Solar Stocks According to Analysts. Solar energy stocks took a beating in 2023. Global X Solar ETF (RAYS) and Invesco Solar ETF (TAN) are down 41.38% and 29.83% for the year, respectively.

Are solar stocks a good investment?

Solar stocks posted significant gains following the law's passage as demand for solar products increased. Two significant advantages of investing in solar stocks include the overall growth of the energy industry and the rapid growth in demand for alternative energy sources.

Are solar stocks a 'up-and-coming' stock?

Not every stock on this list will meet the definition of “up-and-coming.” However, with the sector down so much this year, even established solar companies are seeing a downturn in their stocks. The clean energy transition may still have decades to go, but it’s not going away. Here are seven companies that look like future solar stock winners.

Why are investors optimistic about solar energy investments?

This unmistakable investor optimism was fueled by investments in the global solar energy sector since solar investments not only continued to account for the largest percentage share of the total renewable energy investment pie but also pulled the overall growth figure upwards.

Why are solar stocks a bearish investment?

The high-interest rate environment made a bearish case for solar stocks throughout the year due to a demand drop among retail customers. Moreover, California’s Net Energy Metering 3.0 policy has reduced incentives for rooftop solar owners drastically.

What are the best solar stocks to buy?

This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace. The top solar stocks include Daqo New Energy for best value, Altus Power for fastest growth, and Enlight Renewable Energy for most momentum.