Got a tip?: tips@bullonthestreet.com
Email: info@bullonthestreet.com

Top 4 Solar Companies Based on Market Cap

Renewable energy

First Solar Inc. (NASDAQ:FSLR)

Past 12-month performance: 4.38%

First Solar specializes in photovoltaic solar energy products which it manufactures and distributes to different partners for commercialization.  The company boasts that their photovoltaic technology is created using less energy and material in producing the product due to First Solar’s thin design model.  First Solar has been outperforming earnings per share estimates for the last four quarters and is set to have their next earnings report on the 25th of this month.  Zach’s Investment Research lists consensus EPS forecast at $0.45 based on 7 analysts’.  First Solar shares are up just 1% on the day trading at $49.53 a share.

SolarEdge Technologies Inc. (NASDAQ:SEDG)

Past 12-month performance: 33.9%

SolarEdge has a different approach than First Solar as they specialize in providing solar solutions to businesses and homeowners, as well as grid solutions for large scale projects.  The company markets their SolarEdge PV Solution to home and business owners which is essentially a solar panel solution that is able to power a house, equipped with a smart-monitoring platform.  SolarEdge has shown considerable growth in recent years, coming from $79 million in revenue for the period ending on 6/30/2013 to $607 million in the period ending on 12/31/2017.  SEDG shares are currently trading at $39.75 a share and are up 4.9% on the day so far.

Sunrun Inc. (NASDAQ:RUN)

Past 12-month performance: 138.1%

Shares of RUN are trading at $13.67 and are up 11.6% on the day.  Sunrun has approximately 134,000 customers across 16 states, as of the end of 2016.  The company focuses on the developing, selling, and installation of residential solar energy solutions.  Through their robust sales network of over-the-phone, in-person, and retail sales, Sunrun has established themselves as the front-runner for residential solar tech.  The company has grown from $198 million in revenue in 2014 to $529 million in 2017.

SunPower Corporation (NASDAQ:SPWR)

Past 12-month performance: 2.76%

This company is majority owned by Total S.A., the oil and gas giant.  SunPower recently agreed to acquire SolarWorld Americas, which just finalized today.  SolarWorld Americas designs and produces solar panels which can be used for residential and commercial purposes.  The acquisition is designed to get SunPower further into the U.S. market and begin producing American-assembled products.  The P-Series module are going to start production in the first quarter of 2019 at the newly acquired plants.  Shares of the solar company are up 4.9% today in light of the deal finalizing, trading at $7.46 a share.

 

 

This article has been provided by a Bulls On The Street contributor. All content submitted by this author represent their personal opinions, and should be considered as such for entertainment purposes only. All opinions expressed are those of the writer, and may not necessarily represent fact, opinions, or bias of Bulls On The Street. We have not purchased shares of the aforementioned companies. Investing in securities, including the securities of those companies profiled or discussed on this website is for individuals tolerant of high risks. Viewers should always consult with a licensed securities professional before purchasing or selling any securities of companies profiled or discussed on Bullsonthestreet.com. It is possible that a viewer’s entire investment may be lost or impaired due to the speculative nature of the companies profiled. Remember, never invest in any security of a company profiled or discussed on this website unless you can afford to lose your entire investment. Bullsonthestreet.com makes no recommendation that the securities of the companies profiled or discussed on this website should be purchased, sold or held by viewers that learn of the profiled companies through our website.

 

 

Leave a Comment