Solar energy is a GROWING industry worldwide. Solar penny stocks are now among the best penny stocks for investing.
Both government-sponsored and private interests are leading to increased business in the industry. Because of that, there are new and growing companies that serve as eye-catching investments.
If you’re looking for a place to get started, it can be hard to navigate a new industry. So, we made a list of the best solar energy penny stocks that amateur investors can invest in.
SOLAR Penny Stocks: 5 Best Solar Energy Penny Stocks
1. Ascent Solar Technologies
Ascent Solar Technologies designs and manufactures solar technologies. They specialize in developing solar technologies that are rigid and efficient. Their technology is made to function in remote locations and under extreme weather conditions. To do so, they manufacture and commercialize photovoltaic (PVC) modules with thin film technology.
The company can boast of a unique monolithic integration process. The process improves the efficiency and durability of solar energy systems.
As an investor, you can benefit from the rise of a company that is pioneering the future of solar energy technology. Shares in the company are inexpensive right now. So, it’s one of the best solar energy stocks to invest in now.
The future of the technology that Ascent Solar Technologies works with has applications in:
- Space technology
- Consumer electronics
- Aerospace industry
2. HyperSolar Inc.
Low-cost renewable energy is the mission of the modern solar energy industry. Of course, solar panels are the tools that are making renewable solar energy possible. But there is one problem with solar panels; they’re expensive to set up and take some time to recover their costs through their energy output. This is the problem that HyperSolar Inc. is seeking to fix.
The focus of HyperSolar Inc. is increasing the power output of solar cells. To do so, they are researching and developing thin and flat solar concentrators. Based on micro-photonics, the company is working to create efficient electrical power equipment of the future. Solar energy has the backing of many governments for its environmental friendliness. Because of its drive to improve solar energy technology’s efficiency, HyperSolar Inc. is a good pick.
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3. Spire Corporation
Unlike most of our other picks, Spire Corporation doesn’t only specialize in a limited selection of solar energy technologies. They offer a laundry list of useful solar energy technologies.
Spire Corporation is a global solar energy company. They engage in PV solar, biomedical, and optoelectronic development, manufacturing, and marketing. But their products on offer exceed what most of the other companies on our list do. They are currently researching specialized equipment so they can produce terrestrial photovoltaic modules from solar cells. That kind of technology has several promising medical applications. The technology can be applied in:
- Medical devices
- Treatments for chronic kidney disease
- Biomedical technologies and instruments
The company is active in the US, Europe, North Africa, and Asia. It is also one of the oldest and most experienced companies in its industry, having being founded in1969.
4. Carmanah Technologies
Carmanah Technologies specializes in solar-powered LED lights. Their business model makes them a good pick for investors who want to invest in solar energy penny stocks.
With a wide range of customers, Carmanah Technologies is in a good place as a provider of renewable energy lighting to high-quality and reliable customers like:
- Offshore wind farms
- Military and civilian airports
- Public streets and parking lots
- Marine authorities
The company serves customers in the above industries and more all around the world. Their product is increasingly becoming a necessity. High quality, reliable, safe, and renewable lighting is critical in traffic lights, school zones, and on highways.
5. China Sunenergy Corp.
Solar cells are used in solar modules to convert sunlight directly into energy. China Sunenergy Corp. works in manufacturing that solar technology.
China Sunenergy Corp. produces solar cells from silicon wafers. Using crystalline silicon solar cell technology, they convert sunlight into electricity with the standard photovoltaic effect process. The company isn’t leading the way in any ground-breaking research, but it’s a good pick if you want a stable solar penny stock to buy.
Solar Panels Stock vs. Solar Energy Stocks
Solar energy stocks sound similar to solar panel stocks. But the two are not quite the same.
A solar panel stock is a stock in a company that makes solar panels. While solar panels do indeed create solar energy, a company that simply produces solar panels isn’t a company that specializes in solar energy technology and applications. A solar panel stock is a stock in a company that just manufactures solar panels.
Solar energy stocks are stocks in companies that offer various solar energy products, services, and research. For example, a company that primarily researches more efficient photovoltaic methods would have a stock that passes as a solar energy stock. But such a company wouldn’t qualify as a solar panel manufacturer.
So, solar energy stocks are in companies that engage in any solar energy production, manufacturing, and research. Solar panel stocks are in companies that specifically manufacture solar panels to sell to their customers.
Best Solar Panel Manufacturer Stocks
For a quick look at the solar panel manufacturing industry, here’s a list of solar stocks for manufacturers.
JinkoSolar is the largest solar panel manufacturer in the world. The Shanghai-headquartered company shipped as much as 11.4 GW of solar modules in 2018 alone. If you’re looking for a reliable solar panel manufacturer stock, this is one of the overall best solar stocks.
Trina Solar is a global solar company that produces several types of solar energy solutions. They develop and manufacture solar cells and solar modules for clients around the world.