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.

Which solar companies are extending a recent rally?

Shares of solar companies are extending a recent rally, boosted by optimism that new tariffs on Chinese solar panels, surging power demand and federal subsidies will boost the sector. Solar panel and equipment makers such as First Solar, Nextracker and Enphase are among the industry's best-performing stocks lately. Already a WSJ subscriber? Sign in

Are more solar panels being put on British roofs?

One provider said this month it had seen enquiries about solar panels rise tenfold. "More solar panels are being put on British roofs than ever before," said Chris Hewett, chief executive of Solar Energy UK. The fact that renewable energy helps protect the planet has always made it an attractive option.

Why did solar stocks shine as bright in the past 12 months?

Solar stocks shined as bright in the past 12 months despite a continuing shift to renewable energy and lucrative government incentives to install solar infrastructure. Disrupted supply chains, rising interest rates, and policy uncertainty have been among the challenges solar faces.

Are solar stocks a good investment?

By comparing P/E ratios within the solar sector and against broader market benchmarks, investors can gauge the relative attractiveness of solar stocks for investing. Daqo New Energy Corp.: This China-based firm manufactures ultrapure polysilicon for solar cells, modules, ingots, and wafers. JinkoSolar Holding Co.:

Are solar panels a good stock to buy?

Solar panel and equipment makers such as First Solar, Nextracker and Enphase are among the industry's best-performing stocks lately. Already a WSJ subscriber? Sign in Register to access limited number of articles.