Stock themes

Green energy stocks with potential

Green energy stocks cover the companies that produce or enable low-carbon electricity — solar, wind, storage and the utilities that run large clean generation fleets. It is a theme where the long-term direction is widely agreed and the short-term economics are not: growth has been real, but so have the losses for companies that grew without margin. Below, our model ranks every US-listed green energy stock by score and momentum.

16
Stocks
17
Average momentum
0
Rated strong
Stock Momentum Score To target
First Solar, IncAverage 27 187 +28%
Sunrun IncWeak 7 139 +71%
Nextpower Inc.Weak 13 131 +63%
Vistra CorpWeak 29 124 +42%
Enphase Energy, IncWeak 18 121 +36%
Constellation Energy CorporationWeak 41 118 +16%
NRG Energy, IncWeak 20 106 +56%
Shoals Technologies Group, IncWeak 16 105 +49%
JinkoSolar Holding Co., LtdWeak 7 96 +61%
Canadian Solar IncWeak 9 90 +28%
Stem IncWeak 2 71 +32%
SolarEdge Technologies, IncWeak 10 59 +3%
Brookfield Renewable CorporationWeak 30 56 +19%
Energy Vault Holdings IncWeak 34 54 +45%
Fluence Energy Inc. Class A Common StockWeak 5 53 +45%
Oklo Inc.Weak 3 37 +83%

Equipment, installers and power producers

Equipment and installationFirst Solar, Enphase, Nextpower and Sunrun — sell the hardware and put it up. Power producers such as Vistra, Constellation Energy and NRG Energy own generation and sell electricity, which is a completely different business: they earn on power prices and contracts rather than on selling equipment. The distinction matters, because rising electricity demand can be excellent for a producer and irrelevant for a panel maker.

What moves green energy stocks?

Electricity demand. Data centres and electrification have changed the outlook for producers with existing capacity — the ones who can sell power now rather than build it later.

Interest rates. These projects are paid up front and earn back over decades, so financing cost decides which ones get built.

Subsidies and rules. Political support can create a market, and its removal can end one. This sector is more exposed to legislation than most.

Overcapacity in equipment. Falling hardware prices help the producers and squeeze the manufacturers — the same trend, opposite effects.

Questions and answers

Why are utilities in a green energy theme?

Because several of them own large low-carbon generation fleets and sell that electricity. They earn from power prices and long-term contracts rather than from selling equipment, which makes them the steadier half of the theme.

What is the difference between the green and solar themes?

Solar is narrower — panels, inverters and installers. The green theme also holds storage and power producers, so several companies appear in both lists.

Is green energy a growth investment?

The underlying demand has grown, but that has not automatically produced profit: heavy competition in equipment has meant growing volumes with shrinking margins. Look at whether a company earns money today, not only at how fast its market grows.

How often is the list updated?

After every close. Score, momentum and price targets are recalculated automatically, so the order always reflects the latest trading day.

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