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First Solar

First Solar (NASDAQ:FSLR) is one of the nation’s largest utility-scale solar energy producers. The company’s competitive edge stems from its proprietary, advanced thin-film module technology.

The company is now trying to differentiate itself with scale. It aims to add approximately eight gigawatts (GWDC) of new manufacturing capacity between the second half of 2023 and 2026, bringing its global manufacturing footprint above 20 GWDC.

Investors seeking a high-growth bet in this sector should add FirstSolar to their watchlist.

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Brookfield Renewable

If you’re looking for a less risky and more established player in the renewable energy sector, Brookfield Renewable (NYSE:BEP) might be a wise bet. The Canada-based asset manager operates one of the largest green energy portfolios in the world.

As its first quarter 2023 report shows, the company has hydro, wind and solar facilities spread across North and South America, as well as Europe and Asia. Altogether, its facilities can generate 25,700 megawatts in energy and its development pipeline should add another 126,000 megawatts of renewable power assets over the next few years.

Brookfield is a dividend juggernaut. The stock offers a dividend yield around 4.6% at the moment.

Keep an eye on this green energy giant if you want to invest in a robust and reliable dividend growth stock in this sector.

SolarEdge Technologies

SolarEdge (NASDAQ:SEDG) has rapidly become one of the most well-known and valuable solar energy firms on the market. The company offers an end-to-end system that generates, stores and manages solar energy from home. Nearly three million homes across the globe were equipped with SolarEdge systems by the end of 2022.

SolarEdge has achieved this scale by establishing a global network of certified installers that service different parts of the world.

SolarEdge stock currently trades at a price-to-earnings ratio of about 79, which seems reasonable for a high-growth, clean energy company with a track record of rapid expansion.


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About the Author

Vishesh Raisinghani

Vishesh Raisinghani

Freelance Writer

Vishesh Raisinghani is a freelance contributor at MoneyWise. He has been writing about financial markets and economics since 2014 - having covered family offices, private equity, real estate, cryptocurrencies, and tech stocks over that period. His work has appeared in Seeking Alpha, Motley Fool Canada, Motley Fool UK, Mergers & Acquisitions, National Post, Financial Post, and Yahoo Canada.

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