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3 Solar Energy Stocks to Buy in 2024

solar energy stocks
Marko Marjanovic

Summary: Recent years have seen significant expansion in the renewable energy sector, driven both by technological progress and our awareness of the need to fight climate change and seek more eco-friendly alternatives for our industrial requirements. In this guide, we’re delving into the top 3 solar energy stocks to buy in 2024 for investors seeking involvement in an industry that promotes long-term sustainability. To buy solar stocks on our list, investors can create an account with an online stock broker like eToro.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Solar energy stocks

Companies in the solar energy sector operate across diverse businesses, including equipment development (e.g., solar panels), construction of renewable energy projects (e.g., solar farms), and support for other sectors in adopting similar solutions. Due to their positive environmental impact and potential for long-term growth, these stocks attract investors seeking diversification.

The 3 best solar energy stocks to consider adding to your portfolio in 2024 include:

  1. Sunrun (NASDAQ: RUN);
  2. First Solar (NASDAQ: FSLR);
  3. Enphase Energy (NASDAQ: ENPH).

Highly Rated Stock Trading & Investing Platform

  • Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

  • 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

1. Sunrun

Sunrun stands as a prominent provider of residential solar energy solutions. Since its establishment in 2007, the company has played an important role in the industry, delivering services such as solar panel installation, financing, and maintenance to homeowners across the United States and abroad.

With the increasing need for clean and sustainable energy, Sunrun has witnessed substantial growth, positioning itself as a solid investment choice for those seeking opportunities in the renewable energy sector. In fact, Sunrun ranked as the fourth most-searched renewable energy stock on Google in 2022 based on monthly searches.

Sunrun stock price today

2. First Solar

First Solar is a prominent American solar panel manufacturer with significant involvement in the finance, construction, and recycling sectors of the renewable energy industry. With over three decades of operation, the company employs more than 6,000 individuals and achieves an impressive revenue of nearly $3 billion, offering investors a convenient and relatively low-risk entry into the expanding solar power industry.

First Solar stock price today

3. Enphase Energy

Enphase Energy is a Californian company dedicated to the design, development, and sale of advanced solar energy solutions. The company has installed 63 million micro-inverters in over 3.3 million homes globally, leaving a significant footprint in the renewable energy industry.

Currently, Enphase Energy concentrates on solar micro-inverters, battery energy storage, and electric vehicle charging stations, enjoying a diverse income stream and product portfolio, which positions it as a potentially solid addition to your portfolio.

Enphase Energy stock price today


Where to buy solar stocks?

To invest in solar energy stocks, investors can open an account with an online stock trading platform. Our go-to platform for solar stocks is eToro, a widely acclaimed platform boasting over 30 million registered accounts and providing a range of robust features, including:

  • Commission-free stock trading;
  • Access to over 2,000 stocks from 17 different exchanges;
  • The option to purchase fractional shares;
  • Charting tools;
  • A user-friendly platform that simplifies the trading experience.

Highly Rated Stock Trading & Investing Platform

  • Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

  • 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Why invest in solar stocks?

Investing in solar stocks offers several advantages:

  • Demand: Renewable energy is gaining prominence as a future fuel source. More and more countries are adopting clean energy alternatives, creating a favorable environment for renewable energy companies to thrive. Consequently, companies on our list stand to benefit from heightened industrial demand, positive client sentiment, and supportive regulatory policies;
  • Diversification: Investing in renewable energy stocks also facilitates portfolio diversification. Spreading investments across various sectors and industries helps you mitigate the risk of significant losses if one asset underperforms;
  • Green stock: Investing in renewable energy aligns with impact investing and environmental, social, and governance (ESG) principles. Supporting renewable energy companies contributes to reducing carbon footprints, improving the environment, and enhancing public health. As the public awareness of environmental issues grows, the demand for clean energy solutions is expected to rise, potentially translating into higher returns on investments in renewable energy stocks.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

FAQs about solar energy stocks

What are renewable energy stocks?

Renewable energy stocks are shares in companies engaged in generating energy from sustainable sources such as solar, wind, and hydropower.

How to invest in solar energy stocks?

To invest in solar energy stocks, you can open a brokerage account on a stock training platform such as eToro.

Where to invest in clean / renewable energy stocks?

You can invest in clean / renewable energy stocks at online stock trading platforms such as eToro.

Are solar energy stocks a good investment in 2024?

Investing in renewable solar energy stocks is potentially a profitable move amid rising environmental concerns and a growing demand for clean energy. Still, all investments come with risks, so it’s crucial to refrain from investing more than you can afford to lose.

Which solar energy stocks to buy in 2024?

The top 3 solar energy stocks to buy in 2024 renewable energy stocks include First  Sunrun (RUN), First Solar (FSLR), and Enphase Energy (ENPH).

Are solar stocks the same as renewable energy stocks?

All solar stocks fall under the category of renewable energy stocks, but not all renewable energy stocks are solar stocks. That is, renewable energy stocks include shares in companies across various green and renewable energy sectors.

Which presidential candidate could help solar energy stocks?

Jim Cramer of CNBC suggests that the democratic presidential candidate Joe Biden could positively impact solar energy stocks. This is attributed to Biden’s policies or proposed initiatives that are likely to support the solar energy industry, potentially leading to a boost in these stocks in the market.

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