According to MarketBeats stock screener tool, seven notable solar stocks have been identified as ones to watch closely. These include Tesla, GE Vernova, Berkshire Hathaway, Lumentum, First Solar, Shell, and Vistra. These companies are all engaged in the solar energy sector, offering investors a diverse range of options within this growing industry.
Tesla, known for its electric vehicles, also has a significant presence in the solar market through its solar panel and solar roof products. GE Vernova, a division of General Electric, focuses on renewable energy technologies, while Berkshire Hathaway has investments in various solar projects, reflecting its commitment to sustainable energy.
First Solar is a leading manufacturer of solar panels and has been a consistent performer in the industry. Shells involvement in solar is part of its broader strategy to transition towards renewable energy, and Vistra is expanding its portfolio with solar and battery storage projects. Meanwhile, Lumentum, typically recognized for its optical and photonic products, is branching into the solar sector, showcasing the diverse interest in solar stocks.
Investors are keeping a close eye on these companies as the demand for renewable energy continues to rise. The solar sector is seen as a key component in the shift towards sustainable energy solutions, and companies involved in this industry are poised to benefit from global efforts to reduce carbon emissions and combat climate change.