"The best part is, making these ambitious investments isn't just good climate policy, it's a chance for each of our countries to invest in ourselves and our own future," Joe Biden once said. His quote is a perfect illustration of why traders should consider investing in sustainable energy sources, solar stocks in particular. Judging from what is now happening in the energy market, it becomes obvious that the world’s dependence on fossil fuels has a detrimental effect not only on the environment but also on countries and their economies.

Key facts:

  • The solar energy industry is expected to show annual growth of 14.9% by 2023.
  • Green indices combining eco-friendly companies produced a 130-210% profit in 2020.
  • The United States plans to receive 40% of all electricity from solar energy by 2035 and satisfy its needs by 45% by 2050.

How to earn money from investing in solar energy

Traders can diversify their portfolios by investing their funds in:

  • Green indices that list environmentally friendly companies
  • Stocks of solar panel producers
  • Stocks of manufacturers of solar components
  • Companies that fund the development of solar energy

Demand for solar power plants and panels affects green stocks and the market as a whole. Developments in solar energy also contribute to a rise in the value of non-precious metals. However, if you are still not familiar with the clean energy market, it would be wiser to invest in trusted trading instruments and leading stocks.

TOP 10

1. LONGi Green Energy Technology Co., Ltd. страна

Exchange: SHH
ISIN CNE100001FR6
Market capitalization: 75,44 billion CNY

LONGi Green Energy Technology Co., Ltd. is one of the largest manufacturers of solar panels. The Chinese company is engaged in research and development in the field of solar energy. It produces components for modules and power plants. In 2020, the firm's revenue totaled $8.58 billion.

2. JinkoSolar Holding Company Limited

Exchange: NYSE
ISIN US47759T1007
Market capitalization: $2.72 billion

Jinko Solar is the world's largest solar panel manufacturer headquartered in Shanghai. The company produces solar panels, modules, and other solar energy products. In 2020, the solar panel giant’s revenue soared 18% to $5.38 billion.

3. JA Solar Technology Co., Ltd

Exchange: SZSE
ISIN CNE100000SD1
Market capitalization: $20,754.33 million

JA Solar is another large solar panel supplier. It manufactures solar cells, modules, silicon wafers, and solar photovoltaic systems. JA Solar's revenue totaled $3.93 billion in 2020, up by 22% from the previous year.

4. Canadian Solar Inc.

Exchange: NASDAQ, CSIQ
ISIN CA1366351098
Market capitalization: $2.32 billion

Candian Solar manufactures solar cells, modules, off-grid home systems, and other solar-related products. The company is known for running ambitious projects. Its revenue reached $3.5 billion in 2020.

5. First Solar, Inc.

Exchange: NASDAQ
ISIN US3364331070
Market capitalization: $11.71 billion

First Solar is an American solar panel manufacturer. The firm provides utility-scale photovoltaic power stations and other solar-related services. In 2020, the company's revenue totaled $2.71 billion, while its net income reached $398 million.

Find the detailed analysis of the company's stock on our website. InstaForex offers traders a vast number of instruments, including First Solar’s stock. Invest in solar panel companies with InstaForex. Open a trading account and invest in green energy right now.

6. HANWHA Q CELLS

Exchange: NASDAQ
ISIN US41135V3015
Market capitalization: $818.86 million

Hanwha Q Cells, also known as Q Cells, manufactures solar panels. The company is based in Seoul, South Korea. Its net revenue amounted to $2.1 billion in 2019.

7. Sunrun Inc.

Exchange: NASDAQ
ISIN US86771W1053
Market capitalization: $11.162 billion

Sunrun inc. produces solar energy systems for residential buildings in the United States and other solar panel technologies. The company's total revenue came at $922 million last year.

8. RISEN ENERGY

Exchange: SZSE
ISIN CNE100000T73
Market capitalization: $3,205.76 million

Risen Energy is a Chinese solar panel producer. Its net revenue reached $148.4 million in 2019. The company has been enjoying growing income for many years.

9. TRINA SOLAR

Exchange: SZSE
ISIN CNE100003ZR0
Market capitalization: $23,287.93 million

Trina Solar is a Chinese manufacturer of photovoltaic solar panels. Its revenue totaled 29.42 billion CNY in 2020, while its net profit reached 1.23 billion CNY.

10. ATLANTICA SUSTAINABLE INFRASTRUCTURE

Exchange: NASDAQ
ISIN CNE100003ZR0
Market capitalization: $4.17 billion

Atlantica Sustainable Infrastructure Plc is a British solar panel producer with $1.01 billion in revenue in 2020.

Conclusion

Renewable energy sources are currently in trend. The industry expands, while companies grow more willing to invest in green energy. Due to rising demand for green products, the future belongs to renewable energy sources and the companies providing green solutions. So, do not miss a chance to invest in green stocks with InstaForex.