Shine Bright Like a Diamond: 3 Solar Stocks Poised for 10x Gains by 2025

InvestorPlace03-06

Here are just a few top solar stocks to buy and hold today. Sunrun (RUN): Analysts at Jefferies say RUN stock could double as the company shifts to solar energy storage. SolarEdge (SEDG): Analysts are...

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However, with negativity priced in, we can start looking at top solar stocks to buy.","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BK4588":"碎股","BK4550":"红杉资本持仓","LU1917777945.USD":"安联专题基金Cl AT Acc","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","BK4141":"半导体产品","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","QID":"纳指两倍做空ETF","BK4551":"寇图资本持仓","BK4519":"光伏太阳能","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0312595415.SGD":"Schroder ISF Global Climate Change Equity A Acc SGD","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC",".IXIC":"NASDAQ Composite","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4096":"电气部件与设备","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","TQQQ":"纳指三倍做多ETF","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","SQQQ":"纳指三倍做空ETF","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","FSLR":"第一太阳能","QLD":"纳指两倍做多ETF","LU0124384867.USD":"贝莱德新能源基金A2","ENPH":"Enphase Energy","RUN":"Sunrun Inc.","RAYS":"Global X Solar ETF","QQQ":"纳指100ETF","LU0823414478.USD":"法巴经典能源转换基金","SEDG":"SolarEdge Technologies, Inc.","PSQ":"纳指反向ETF","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","BK4585":"ETF&股票定投概念","FDN":"First Trust Dow Jones Internet I","BK4147":"半导体设备","LU1548497426.USD":"安联环球人工智能AT Acc","LU1978683503.SGD":"Blackrock Sustainable Energy A2 SGD-H","LU0323240290.USD":"HSBC GIF GLOBAL EQUITY CLIMATE CHANGE \"AD\" INC"},"translate_title":"像钻石一样闪耀：3只太阳能股票有望在2025年前上涨10倍","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SEDG":1,"RUN":1,"RAYS":1,"ENPH":1,"FSLR":1,".IXIC":0.9,"FDN":0.9,"PSQ":0.6,"QID":0.6,"QLD":0.6,"QQQ":0.6,"SQQQ":0.6,"TQQQ":0.6,"MNQmain":0.6,"NQmain":0.6},"content_text":"Here are just a few top solar stocks to buy and hold today.\nSunrun (RUN): Analysts at Jefferies say RUN stock could double as the company shifts to solar energy storage.\nSolarEdge (SEDG): Analysts are bullish, maintaining an outperform rating on the SEDG stock, with a new price target of $100 a share.\nGlobal X Solar ETF (RAYS): Buying a solar ETF allows us to diversify our portfolio with dozens of solar names.\n\n\n\n\n\n \n\nSource: chuyuss / Shutterstock.com\n\n\n\nIt was all doom and gloom for solar stocks in 2023.  Rising interest rates had the biggest, most negative impact on the industry. After all, when rates are high, it becomes far more expensive for solar companies to finance projects, which can also cut into margins. Coupled with higher labor costs and regulatory changes, we can see why the industry took a hit. However, with a good chunk of negativity priced in, it may be time to start looking at top solar stocks to buy.\nNot helping, though, California instituted its net energy metering 3.0. The new tariff regime cuts compensation rates for new solar customers by 75%. If the customers add energy storage, however, the economic proposition for a solar installation becomes more favorable. \nThe good news is most of the negativity from California has also been priced into solar stocks. Better, we’re just now starting to see improving earnings. First Solar (NASDAQ:FSLR), for example, just posted higher quarterly revenue and profits and expects full-year earnings to nearly double from the year-ago period. \nShould interest rates come down, as hoped, solar names could see sunnier days ahead. That’s why investors should check out these three hot solar stocks to buy.\nSunrun (RUN)\nSource: IgorGolovniov / Shutterstock.comLet’s start with Sunrun (NASDAQ:RUN). Over the last few days, the stock fell from about $18 to just under $12, where it caught support. It’s also over-extended on RSI, MACD, and Williams’ %R. From its current price of $11.96, I’d initially like to see it refill its bearish gap around $15.41. \nHelping, analysts at Jefferies say RUN could double as the company shifts to solar energy storage. In fact, analyst Dushyant Ailani now has a buy rating on RUN, with a price target of $31. \nHe believes the company “is the leading clean energy provider with a 60% residential market share for new subscriptions,” as noted by CNBC. “Sunrun’s transition from a solar only company to one that also provides battery storage should act as a catalyst that will increase the net value of its subscribers.”\nGoldman Sachs also has a buy rating on RUN. Even Bank of America, which tagged it with a buy rating and a price target of $21 a share.\nSolarEdge (SEDG)\nSource: rafapress / Shutterstock.comAnother one of the top solar stocks to buy is SolarEdge (NASDAQ:SEDG), a $3.88 billion solar and energy storage company now trading at $67 a share.\nGranted, the company just reported a 65% decline in sales year over year. It also just posted a loss of $2.85 a share, reversing a year-ago profit. However, not only has that negativity been priced in, TD Cowen analysts are bullish. In fact, the firm maintained an outperform rating on the SEDG stock, with a new price target of $100 a share.\nEven better, according to SEDG CEO, “We believe we are well positioned for the next growth cycle in our industry due to our expanding product portfolio as well as the operational and cost reduction measures we have taken.”\nPlus, company director Avery More just bought 7,000 shares of SEDG for $67.75 per share for $474,250. Before this buy, More bought $1.09 million worth of shares in 2023.\nGlobal X Solar ETF (RAYS)\nSource: ShutterstockWe can also look at the Global X Solar ETF (NASDAQ:RAYS), which allows us to diversify with 50 solar holdings for about $11.65 a share at the moment.\nWith an expense ratio of 0.51%, the ETF invests in companies involved with solar power production, solar-powered generators, engines, and batteries. Some of its top holdings include Enphase Energy NASDAQ:ENPH), First Solar, SolarEdge, and Sunrun to name a few.\nAfter plummeting from about $26 to a low of $10.51, the ETF is slowly starting to pivot higher. Better, along with the broader industry, the ETF appears to have priced in a good deal of negativity. From its last traded price of $11.66, I’d like to see it test $19 again near term.\nRemember, ETFs are always a great addition to your portfolio. Not only do they allow you to diversify with leading stocks, but they also allow you to do so at a low cost.\nOn the date of publication, Ian Cooper did not hold (either directly or indirectly) any positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.\nIan Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.Energy, Renewable Energy, SolarGrowth Stocks\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2024/03/shine-bright-like-a-diamond-3-solar-stocks-poised-for-10x-gains-by-2025/.\n©2024 InvestorPlace Media, LLC","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2417440707"}