Top Global Solar Energy Stocks To Watch

Highlights 

  • A fund of £265 million in subsidies announced by the UK Government for renewable energy developers.

  • This will be the first subsidy in more than five years for onshore wind and solar farms.

  • Solar energy accounts for just 4% of the total energy generation in Britain for now but it has the potential to make net zero a reality.

The Boris Johnson Government has recently announced that it is offering £265 million in subsidies for renewable energy developers. This will help the government in supporting a record number of projects in the renewable energy sector through the milestone subsidy scheme which is due later this year. Wind, Tidal, as well as solar projects will compete with each other for the contracts, and this will be the first subsidy in more than five years for onshore wind and solar farms.

As per recent government data, solar energy accounts for just 4% of the total energy generation in Britain, but following wind energy and biomass, it is the third most generated renewable energy in the UK. In EU, the UK holds the third position after Germany and Italy in solar energy production. Solar energy has been gaining popularity as it is eco-friendly and sustainable, reduces energy bills, is accessible for off the grid consumers, and also helps the economy by job creation.

Top Global Solar Energy Stocks To Watch

At present, the UK has 14GW of solar generation installed capacity, which is contributing towards the transition of the UK towards clean energy, and in the 12 months to March 2021 alone, 663MW was installed which was more than double the power that was installed between April 2019 and March 2020. The solar sector saw this growth even amid the pandemic, which represents its potential role in the green recovery of the country and making net zero a reality.

ALSO READ: Top 5 FTSE solar energy stocks to buy

Let’s take a look at some of the top global solar energy stocks that are listed on the London Stock Exchange.

Enphase Energy Inc (LON: 0QYE)

Headquartered in California, Enphase Energy Inc is an American energy technology company which is engaged in designing and manufacturing software-driven home energy solutions for solar generation, home energy storage as well as web-based monitoring and control. With a market capitalisation of $21.26 billion, the company is listed on NASDAQ and the London Stock Exchange. It has given a return of 129.99% in 1 year. The shares of Enphase Energy Inc were trading at US$155.53 as of 15 September 2021.

Solaredge Technologies Inc (LON: 0L7S)

Headquartered in Herzliya, Solaredge Technologies Inc is an Israel-based company which provides power optimiser, solar inverter as well as monitoring systems for photovoltaic arrays. Using module-level Maximum Power Point Tracking, the products offered by the company help in increasing energy output. With a market capitalisation of US $14.24 billion, the company is listed on NASDAQ and the London Stock Exchange. It has given a return of 38.43% in 1 year. The shares of Solaredge Technologies Inc were trading at US $277.78 as of 15 September 2021.

JinkoSolar Holding Co Ltd (LON: 0JOX)

Headquartered in Shanghai, JinkoSolar Holding Co Ltd is the largest solar panel manufacturer across the globe. The Chinese company is leading the global solar industry through its solar products and solutions. With a market capitalisation of US $2.23 billion, the company is listed on NYSE and the London Stock Exchange. It has given a return of 115.68% in 1 year. The shares of JinkoSolar Holding Co Ltd were trading at US $48.71 as of 15 September 2021.

ALSO READ: BP Invests In 9 GW US-Based Solar Projects

SunPower Corporation (LON: 0R0V)

Headquartered in California, SunPower Corporation is a US-based company engaged in generation and storage of solar power. It offers high-performance solar electric power technologies to customers across the globe. With a market capitalisation of US $3.74 billion, the company is listed on NASDAQ and the London Stock Exchange. It has given a return of 91.39% in 1 year. The shares of SunPower Corporation were trading at US $21.69 as of 15 September 2021.

First Solar Inc (LON: 0R06)

Headquartered in Arizona, First Solar Inc is a US-based company which manufactures solar panels, provides utility-scale PV power plants, as well as supports services such as finance, construction, maintenance, and end-of-life panel recycling. With a market capitalisation of US $11.18 billion, the company is listed on NASDAQ and the London Stock Exchange. It has given a return of 43.21% in 1 year. The shares of First Solar Inc were trading at US $104.70 as of 15 September 2021.

ALSO READ: 5 Promising AIM-Listed Renewable Energy Stocks

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