Solar Stocks List
Use this solar stocks list to compare 48 solar energy stocks across the full photovoltaic value chain, from polysilicon, wafer, cell and module manufacturers to inverter and tracker suppliers, EPC contractors, project developers, and diversified utilities with major solar portfolios.
It spans listed solar companies across the US, China, Europe and beyond, covering pure-play solar panel makers, specialist technology firms, and solar-plus-storage platforms. If you want diversified exposure rather than single names, the related Solar ETFs list compares US-listed solar funds.
- A full photovoltaic value-chain map: polysilicon and wafers → cells and modules → solar glass, inverters, trackers and eBOS → EPC, developers and operating assets.
- The current roster includes twelve inverter/MLPE companies, eleven module manufacturers, thirteen renewable IPPs and three tracker specialists; companies may count in more than one segment.
- Manufacturing exposure extends beyond modules: three polysilicon, three wafer and two solar-glass companies sit alongside three solar-cell specialists.
- The US and China are the two main listing hubs, with 21 China-listed and 21 US-listed companies; European listings add downstream developer and asset-owner exposure.
- Solar-plus-storage is a crossover theme across the list, connecting inverter and MLPE suppliers, residential solar, developers and renewable IPPs.
| Expand | Company | Ticker | |||
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NextEra Energy |
NEE | $174B | |||
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NextEra Energy
NextEra Energy operates a large US renewable platform through NextEra Energy Resources (NEER) alongside the regulated Florida Power & Light utility. As of 31 December 2025, NEER operated photovoltaic and solar-thermal facilities in 35 US states totaling approximately 12.8 GW of gross capacity and 10.5 GW of net capacity; essentially all of that capacity was contracted. FPL continues to add solar and storage as part of its regulated generation plan. NEER's renewables-and-storage backlog was approximately 29.8 GW as of 27 January 2026. $174B
Renewable IPP
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Sungrow |
300274.SZ | $35B | |||
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Sungrow
Sungrow Power Supply is a major global PV-inverter supplier; S&P Global ranked it first in 2025 global inverter shipments, and it topped BloombergNEF's 2026 bankability survey with a 100% score, its sixth time at the top of the inverter group. Energy storage became its largest segment in FY2025, contributing CNY 37.3 billion of revenue — about 42% of the total — at a 36.5% gross margin, ahead of CNY 31.1 billion from solar inverters and related power-conversion equipment. A project-development arm that builds and transfers utility-scale plants on a DBT or EPC basis added CNY 16.6 billion, down about a fifth after China's shift to market-based power pricing. The Shenzhen-listed company earned roughly 60% of FY2025 revenue overseas; Q1 2026 revenue and profit declined year on year. $35B
Inverters
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First Solar |
FSLR | $23B | |||
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First Solar
First Solar is a US-headquartered manufacturer of cadmium telluride (CdTe) thin-film solar modules, using a fully integrated continuous process supported by its Ohio and California R&D facilities. Its manufacturing footprint includes five operating US plants, a sixth facility under construction in South Carolina and additional capacity in Vietnam, Malaysia and India, targeting roughly 18 GW of US nameplate capacity by 2027. First Solar recognized $1.6 billion of Section 45X advanced-manufacturing tax credits in 2025. Contracted backlog stood at 45.1 GW worth $13.6 billion at 30 June 2026, with deliveries scheduled through 2030, and cumulative module sales passed 100 GW in Q2 2026. OBBBA's prohibited-foreign-entity rules can affect the relative eligibility and sourcing economics of US-made modules; actual eligibility depends on project timing and traced supply-chain content. $23B
Module Manufacturer
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Ningbo Deye Technology |
605117.SS | $18B | |||
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Ningbo Deye Technology
Ningbo Deye Technology is a Chinese manufacturer of hybrid inverters and matched LFP batteries for residential and commercial-and-industrial solar-plus-storage systems, alongside a smaller PV-inverter business. Frost & Sullivan ranked Deye first in residential energy-storage inverters by 2025 revenue, with a 20.6% global share in that category, according to the company's August 2026 Hong Kong listing application. Listed on the Shanghai Stock Exchange, Deye distributes in more than 150 countries; overseas markets represented 79.7% of FY2025 revenue, led by Europe, and the company forecast roughly 75% higher net profit for H1 2026 on overseas storage demand. Its first offshore plant, in Johor, Malaysia, broke ground in October 2025 with production targeted for early 2027. $18B
Inverters
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LONGi Green Energy |
601012.SS | $14B | |||
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LONGi Green Energy
LONGi Green Energy is a major monocrystalline solar manufacturer producing silicon wafers, solar cells and modules under its Hi-MO brand. It reported 111.6 GW of wafer shipments and 86.6 GW of module shipments in FY2025. Its current technology work includes the Hi-MO X / Hi-MO X6 line using HPBC technology and the Hi-MO 9 flagship built on HPBC 2.0, backed by roughly 46 GW of in-house HPBC 2.0 cell capacity. LONGi has gigawatt-scale manufacturing across China and is expanding internationally. Revenue and margins have been pressured by industry-wide module and polysilicon price deflation since late 2023. $14B
Wafer Module Manufacturer
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Nextpower |
NXT | $13B | |||
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Nextpower
Nextpower (formerly Nextracker, rebranded in November 2025) is a major global supplier of single-axis solar trackers, with the NX Horizon family including terrain-following XTR and autonomous hail-stowing variants. The company is expanding beyond trackers into foundations, eBOS, storage and power conversion. Prevalon Energy was acquired in July 2026, and the acquisition of Zigor's power-conversion assets and Apex Power was completed in July 2026; the proposed acquisition of Zimmermann PV-Steel Group remained pending. FY2026 revenue, for the year ended March 2026, was $3.56 billion. Its US manufacturing activities can qualify for Section 45X credits on eligible components. $13B
Tracker
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Enlight Renewable Energy |
ENLT | $11B | |||
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Enlight Renewable Energy
Enlight Renewable Energy is an Israeli-headquartered, Nasdaq- and Tel Aviv-listed renewable IPP that develops, finances, builds, owns and operates utility-scale solar, wind and battery-storage projects across Israel, the United States, Europe, the Middle East and North Africa. Its portfolio reached 43.1 factored GW as of Q2 2026 using the company's combined generation-and-storage metric; 3.9 factored GW was operating and 12.3 factored GW sat in the mature portfolio. US projects include the 364 MW Atrisco solar-plus-storage complex, the 594 MW Snowflake A project and the 1.2 GW CO Bar Complex with 4.0 GWh of storage. In May 2026 Enlight signed a 200 MW solar PPA with Google for the Solstice project in Oklahoma. The model combines project development with ownership and long-term contracted revenue. $11B
Renewable IPP
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AES Corporation |
AES | $11B | |||
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AES Corporation
AES Corporation is a US-based diversified global power company with operations in solar, wind, natural gas and battery storage across the Americas, Europe and Asia-Pacific, alongside regulated US utilities including AES Indiana and AES Ohio. Its AES Clean Energy division reported roughly 11.0 GW owned and operated, 3.0 GW under construction, a 7.6 GW contracted backlog and a 46 GW development pipeline in its 2025 annual report. AES co-founded the grid-scale battery-storage integrator Fluence Energy with Siemens. The listed company therefore combines renewable development with utilities and other generation rather than offering a pure-play solar profile. $11B
Renewable IPP Diversified Power
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Brookfield Renewable Partners |
BEP | $9.8B | |||
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Brookfield Renewable Partners
Brookfield Renewable Partners is a listed renewable-power platform with approximately 47 GW of operating capacity across hydroelectric, wind, utility-scale solar, distributed energy and storage, and a development pipeline above 200 GW. Solar accounts for a portion of proportionate funds from operations alongside the broader renewable portfolio. The acquisition of French developer Neoen, agreed in 2024 and completed during 2025, expanded BEP's solar and battery footprint. The company reports that around 90% of generation is contracted under long-term PPAs. BEPC remains the exchangeable corporate-share alternative to the BEP limited-partnership units. $9.8B
Renewable IPP
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Tongwei Co |
600438.SS | $8.3B | |||
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Tongwei Co
Tongwei Co. is a major producer of high-purity polysilicon and high-efficiency solar cells, with roughly 900,000 tonnes of polysilicon capacity, more than 150 GW of N-type cell capacity and around 90 GW of module capacity. It is also a major aquaculture-feed and agriculture company, so the listed entity's consolidated results blend solar with a large non-solar feed business. Scale across polysilicon and cells is central to its manufacturing position, but margins across the solar value chain have been severely compressed by industry oversupply. $8.3B
Polysilicon Solar Cells
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Chint Electrics |
601877.SS | $8.3B | |||
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Chint Electrics
Zhejiang CHINT Electrics (601877.SS) is the Shanghai-listed company of CHINT Group, distinct from the unlisted group parent. Its businesses include low-voltage electrical equipment and renewable-energy development, construction and operation. Inverter and storage activities sit with CHINT Power (002150.SZ), which is separately listed, and module maker Astronergy is likewise a separate CHINT group company, so the listed business spans electrical equipment and solar development rather than module manufacturing. $8.3B
Solar Developer Inverters
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Clearway Energy |
CWEN | $6.7B | |||
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Clearway Energy
Clearway Energy is a US-listed clean-energy yieldco with approximately 13.9 GW of gross capacity across 27 states, including approximately 11.1 GW of wind, solar and battery storage systems and 2.8 GW of flexible dispatchable generation. Clearway is sponsored by Clearway Energy Group, whose owners include Global Infrastructure Partners, now part of BlackRock, and TotalEnergies. The portfolio mixes contracted renewable assets with flexible generation, and the yieldco typically grows by acquiring completed projects from its sponsor's development pipeline. $6.7B
Renewable IPP
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SOLV Energy |
MWH | $5.7B | |||
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SOLV Energy
SOLV Energy is a US utility-scale solar and battery-storage EPC contractor, with more than 20 GW of solar capacity built since its founding in 2008. It is the most solar-concentrated contractor on this list: rather than building solar inside a broader energy and civil portfolio, SOLV is dedicated to utility-scale solar and co-located battery storage, covering engineering, procurement, and construction alongside ongoing operations and maintenance services. The company listed on Nasdaq under the ticker MWH on 11 February 2026, pricing at $25 per share. It remains a controlled company: private equity owner American Securities, which acquired the business in December 2021, retains roughly 75–80% of voting power following the IPO, leaving public shareholders with a minority voting stake. $5.7B
EPC / Construction
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TCL Zhonghuan |
002129.SZ | $5.7B | |||
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TCL Zhonghuan
TCL Zhonghuan Renewable Energy (TZS) is a Chinese manufacturer of large-format monocrystalline silicon wafers, the key intermediate product in the crystalline-silicon supply chain, and a major global wafer producer. It pioneered the G12 (210mm) ultra-large wafer platform and also manufactures finished modules. TCL Technology Group, the consumer-electronics and semiconductor group, is its controlling shareholder. Like other upstream suppliers, TCL Zhonghuan has faced margin pressure from the polysilicon and wafer price collapse since 2023. $5.7B
Wafer Module Manufacturer
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Enphase Energy |
ENPH | $5.1B | |||
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Enphase Energy
Enphase Energy is a US-listed supplier of microinverter-based residential solar and battery systems, having shipped approximately 89.4 million microinverters across approximately 5.3 million systems in over 165 countries as of Q2 2026. Its microinverter architecture converts DC to AC at the individual panel level and sits alongside IQ Battery LFP storage, the IQ EV Charger, the Enlighten monitoring cloud and Solargraf installer software. Enphase has a large US residential position; the United States accounted for approximately 81% of FY2025 revenue. Europe and Australia are key overseas markets. The company is expanding into US small-commercial solar with its GaN-based IQ9 microinverters; production shipments of the 548 W IQ9S-3P began in June 2026. $5.1B
Inverters
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HA Sustainable Infrastructure Capital |
HASI | $5.1B | |||
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HA Sustainable Infrastructure Capital
HA Sustainable Infrastructure Capital (rebranded from Hannon Armstrong in June 2024) is a US-listed specialty finance company that invests in sustainable infrastructure across three end markets: behind-the-meter assets including residential solar, energy storage, and efficiency; grid-connected utility-scale solar, wind, and storage; and renewable fuels and transport. Total managed assets reached $17.6 billion as of 30 June 2026, with an $8.2 billion on-balance-sheet portfolio yielding 9.2% in the second quarter of 2026. The company revoked its REIT election in 2024 and now operates as a C-corporation. A 50/50 co-investment vehicle with KKR (CarbonCount Holdings 1) carries $3 billion of committed equity and up to $4.5 billion of total capital to back larger transactions, including the $1.2 billion SunZia wind investment, whose funding HASI completed in July 2026. HASI's CarbonCount scoring framework measures avoided emissions per dollar invested. $5.1B
Clean Energy Finance
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Trina Solar |
688599.SS | $4.5B | |||
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Trina Solar
Trina Solar is a China-based vertically integrated solar company manufacturing monocrystalline and bifacial modules under the Vertex brand. It had reported more than 275 GW of cumulative module shipments by Q1 2025. Previously NYSE-listed before going private and relisting on Shanghai's STAR Market, Trina also operates a tracker business, with over 27 GW of cumulative tracker deliveries by end-2024, and an energy-storage business alongside its core modules. It is a major developer of 210mm large-format wafer platforms used in utility-scale projects. $4.5B
Module Manufacturer
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Primoris Services Corporation |
PRIM | $4.2B | |||
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Primoris Services Corporation
Primoris Services Corporation is a large US utility-scale solar EPC contractor, with solar revenue of approximately $3.0 billion in 2025. Solar EPC and battery-storage construction sit within its Energy segment alongside natural gas generation, pipelines, and heavy civil work; the company also operates a Utilities segment focused on electric and gas distribution. Primoris reported total backlog of $13.9 billion at 30 June 2026, including $8.2 billion of Master Service Agreement backlog. Its Q2 2026 results attributed cost overruns to six renewable energy projects: two were substantially complete in Q2, three were expected to complete in Q3, and one in Q4. The company continued to expect 2026 Renewables revenue of approximately $2.1 billion, compared with approximately $3.0 billion in 2025. $4.2B
EPC / Construction
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Ginlong Technologies (Solis) |
300763.SZ | $3.7B | |||
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Ginlong Technologies (Solis)
Ginlong Technologies (Solis) is a Chinese manufacturer of solar string inverters, hybrid inverters and monitoring systems under the Solis brand, focused on residential and commercial markets internationally. The company reports more than 100 GW of Solis inverters deployed cumulatively and distributes through installer and distributor networks across Europe, Australia, North America and Asia. Its hybrid inverter line supports battery storage, including in European residential-storage markets. $3.7B
Inverters
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Aiko Solar Energy |
600732.SS | $3.7B | |||
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Aiko Solar Energy
Aiko Solar Energy is a Chinese solar company built around its ABC (All Back Contact) cell technology, which places all electrodes on the rear of the cell to remove front-side shading from the metal contacts and support high module conversion efficiency. Listed on the Shanghai Stock Exchange, Aiko originally supplied cells to third-party module makers before expanding into ABC-based branded modules. It has invested in ABC cell and module capacity for utility-scale and distributed-solar applications. $3.7B
Solar Cells Module Manufacturer
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JA Solar Technology |
002459.SZ | $3.6B | |||
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JA Solar Technology
JA Solar Technology is one of China's and the world's largest solar module manufacturers, with gigawatt-scale annual capacity and global shipments across utility, commercial, and residential markets in over 130 countries. The company's DeepBlue 4.0 Pro TOPCon module is among its flagship products, incorporating N-type cell technology for higher efficiency and better low-light performance. Its international manufacturing plans include a $565 million Oman plant with planned 6 GW cell and 3 GW module capacity, plus a module gigafactory in Egypt announced in December 2025. $3.6B
Module Manufacturer
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Grenergy Renovables |
GRE.MC | $3.1B | |||
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Grenergy Renovables
Grenergy Renovables is a Madrid-listed renewable developer and IPP that has shifted from a solar-led model toward large solar-plus-storage Oasis platforms and standalone battery projects. Its 2028 investment plan describes a footprint of roughly 12 GW of solar and 71 GWh of storage across Europe, the United States and Latin America. Its flagship Oasis platforms in Chile's Atacama and Iberia total around 5 GW of solar and 22 GWh of storage. Recent milestones include a 20-year hybrid solar-plus-storage PPA with Georgia Power in May 2026 and the sale of seven distributed-generation solar plants totaling 88 MW in Colombia to Ecopetrol in December 2025. Much of the stated capacity remains in development rather than operation. $3.1B
Renewable IPP
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GCL Technology Holdings |
3800.HK | $2.9B | |||
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GCL Technology Holdings
GCL Technology Holdings is the Hong Kong-listed, Cayman-incorporated solar-materials company of China's GCL group. It produces granular polysilicon using fluidized-bed-reactor (FBR) technology and also manufactures wafers. The company reported effective FBR granular-silicon capacity of 480,000 MT at the end of 2024. Its main R&D and manufacturing bases are in Xuzhou, Leshan, Hohhot and Baotou, and it exited its Xinjiang rod-polysilicon investment in April 2025. The business remains highly exposed to the polysilicon price cycle. $2.9B
Polysilicon Wafer
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Xinyi Solar Holdings |
0968.HK | $2.8B | |||
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Xinyi Solar Holdings
Xinyi Solar Holdings is a large solar photovoltaic-glass manufacturer, with average operating melting capacity of 21,400 tonnes per day in the second half of 2025, down from 23,200 t/day earlier in the year after two China lines totaling 1,800 t/day were suspended in July 2025. Solar glass accounted for 85.5% of FY2025 revenue, with the company supplying ultra-clear low-iron tempered glass to module manufacturers. Manufacturing is anchored in China, with overseas production in Malaysia and a new Indonesian base where the first 1,200 t/day line commenced operation in January 2026. Margins have been compressed by the PV-glass price downturn. The group also holds approximately 6.2 GW of grid-connected solar farms in China, primarily through listed subsidiary Xinyi Energy. $2.8B
Solar Glass
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Solaria Energía y Medio Ambiente |
SLR.MC | $2.7B | |||
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Solaria Energía y Medio Ambiente
Solaria Energía y Medio Ambiente is a Spanish independent renewable-energy company operating utility-scale solar power plants concentrated in Spain and Iberia. The company combines PPA-contracted generation with merchant market exposure and has a land-rights and development pipeline supporting future projects. Solaria has been selectively expanding into other European markets. Most assets and development rights remain concentrated in Iberia, so geographic concentration is an important part of the business profile. $2.7B
Renewable IPP
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ReNew Energy Global |
RNW | $2.5B | |||
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ReNew Energy Global
ReNew Energy Global is India's largest independent renewable-energy company, with approximately 11.4 GW of commissioned capacity at end-2025, including roughly 5.8 GW of solar and 5.5 GW of wind, plus hydro and battery storage. Incorporated in England and Wales with operations run from Gurugram, India, ReNew has been Nasdaq-listed since its 2021 SPAC merger. On 27 July 2026 a consortium led by CPP Investments and CEO Sumant Sinha submitted a best-and-final, but still non-binding, proposal of $7.02 per share to take ReNew private; a 6 August confirmatory filing said the proposal remained under evaluation by the independent special committee. ReNew is also expanding into green hydrogen and hybrid solar-wind-storage projects. $2.5B
Renewable IPP
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GoodWe Technologies |
688390.SS | $2.4B | |||
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GoodWe Technologies
GoodWe Technologies is a China-based manufacturer of solar inverters for residential, commercial, and industrial applications, with a particular focus on hybrid inverters that integrate battery-storage management. Listed on Shanghai's STAR Market, GoodWe has built an international distribution network across European, Australian, and emerging-market residential-solar customers with its string and hybrid inverter range. Its product line has extended into home batteries, energy-management systems, and EV charging, broadening its platform beyond standalone inverters. $2.4B
Inverters
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SMA Solar Technology |
S92.DE | $2.3B | |||
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SMA Solar Technology
SMA Solar Technology is a German manufacturer of solar inverters with more than 40 years of power-electronics experience. It produces string, central and hybrid inverters for residential, commercial and utility-scale solar, plus EV-charging and battery-storage management products. SMA sold 19.9 GW of inverter output in FY2025 but reported a loss, with EBITDA of -EUR 65.4 million and EBIT of -EUR 188.2 million, and is executing a restructuring and transformation program. It has added final-assembly capacity in Krakow while maintaining a service network for European installer and utility customers. $2.3B
Inverters
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GCL System Integration Technology |
002506.SZ | $2.3B | |||
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GCL System Integration Technology
GCL System Integration Technology (GCL-SI, 002506.SZ) is a Shenzhen-listed solar cell and module manufacturer and member of China's GCL Group, distinct from GCL Technology Holdings (3800.HK). Its FY2025 annual report describes over 30 GW of large-format module capacity and 16 GW of n-type TOPCon cell capacity, plus storage and energy solutions; significant silicon-wafer production sits with affiliated group companies rather than GCL-SI itself. Module-sector price deflation has kept it loss-making: FY2025 revenue of CNY 15.3 billion came with a CNY 1.17 billion net loss, and the company guided to a further CNY 320-450 million loss for H1 2026. It has begun shipping premium-priced back-contact (GPC) modules produced on retrofitted TOPCon lines. $2.3B
Solar Cells Module Manufacturer
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Sunrun |
RUN | $2.2B | |||
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Sunrun
Sunrun is a large US residential solar and battery-storage provider, with just over one million subscribers and 1.21 million total customers as of 30 June 2026. Customer agreements typically run 20 or 25 years and are financed through tax equity, asset-backed securities and the long-term cash flows of the contracted base, alongside prepaid and cash options. Storage attach rates reached a company record 74% in Q2 2026, supporting a networked battery fleet of approximately 4.6 GWh that Sunrun dispatches as a virtual power plant. The Section 25D residential credit ended for expenditures after 2025; the treatment of third-party-ownership structures depends on Section 48E eligibility and related foreign-entity rules. $2.2B
Residential Solar
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Sineng Electric |
300827.SZ | $2.1B | |||
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Sineng Electric
Sineng Electric is a Chinese power-electronics manufacturer specializing in solar PV inverters and energy-storage power-conversion systems. S&P Global ranked it fourth globally by PV-inverter shipments in 2024, and BloombergNEF has included it in its Tier 1 power-inverter manufacturer lists. Its portfolio spans residential, commercial and utility-scale inverters, grid-scale battery-storage PCS, power-quality controllers and active power filters. Sineng operates manufacturing bases in Wuxi and Wuzhong in China and Bangalore in India, with the India facility supporting regional manufacturing and service. It sells across Asia-Pacific, the Middle East, Africa, Europe and the Americas. $2.1B
Inverters
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Flat Glass Group |
6865.HK | $2.1B | |||
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Flat Glass Group
Flat Glass Group is a Chinese manufacturer of solar photovoltaic glass and architectural flat glass. Its solar glass products include AR-coated low-iron tempered glass used in crystalline-silicon and thin-film module encapsulation; PV glass represented 89.9% of FY2025 revenue. The company is dual-listed, with Hong Kong H shares (6865.HK) and Shanghai A shares (601865.SS). Sustained PV-glass price declines have pushed it to cold-repair kilns, with broker estimates putting in-production melting capacity around 16,400 tonnes/day by mid-2025, down from roughly 20,000 tonnes/day operated in early 2025; in July 2026 it warned of an H1 2026 net loss of CNY 300-400 million after impairments on idled furnaces and PV-glass inventories. $2.1B
Solar Glass
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SolarEdge Technologies |
SEDG | $1.9B | |||
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SolarEdge Technologies
SolarEdge Technologies designs DC-optimized inverter systems for residential and commercial-and-industrial solar, comprising module-level Power Optimisers, string inverters, and DC-coupled batteries. The Israel-headquartered but Delaware-incorporated, Nasdaq-listed company had shipped roughly 56 GW of systems to over 145 countries by end-2024, after which it discontinued its cumulative-shipment metric. Following severe inventory and demand challenges in 2023-2024, SolarEdge reported a Q2 2026 non-GAAP gross margin of 28.6% (GAAP 27.5%), a sixth consecutive quarter of year-on-year margin expansion, and returned to non-GAAP operating profitability for the first time since Q2 2023. It began shipping its next-generation Nexis platform in 2026, with three-phase Nexis shipments into Europe exceeding $60M in Q2 2026. It is developing, with Infineon, a Solid State Transformer for AI data-center 800V DC architectures, targeting a working lab prototype by end-2026, data-center pilots in 2027 and volume shipments in 2028. $1.9B
Inverters
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Scatec |
SCATC.OL | $1.7B | |||
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Scatec
Scatec is a Norwegian independent renewable-energy developer and power producer operating utility-scale solar, wind, hydro and battery-storage projects across Africa, the Middle East, Asia and Europe. Its March 2026 materials describe roughly 6.3 GW in operation and under construction, and about 7.3 GW including acquired capacity, under a model spanning development, construction and long-term ownership. Its portfolio is concentrated in emerging markets, making project execution, financing and country risk important to the business model. $1.7B
Renewable IPP
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Risen Energy |
300118.SZ | $1.7B | |||
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Risen Energy
Risen Energy is a Chinese manufacturer of monocrystalline solar modules for residential, commercial and utility-scale applications, with manufacturing in Ningbo and overseas plants serving international markets. Its current high-efficiency platform is Hyper-ion / Hyper-ion Pro heterojunction technology; issuer materials reported average mass-production output around 740 Wp and record cell efficiency of 26.61% in mid-2025. The earlier Titan series is its legacy PERC module family. Risen supplies modules across Europe, Australia, Latin America and the Middle East. $1.7B
Module Manufacturer
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Solax Power |
688717.SS | $1.4B | |||
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Solax Power
SolaX Power Network Technology is a Chinese manufacturer of hybrid solar inverters and battery-storage systems, with a customer base weighted toward European residential solar-plus-storage. Listed on Shanghai's STAR Market, SolaX sells its X1 and X3 inverter series through installers in Germany, the UK, the Netherlands and other markets. Its inverters support lithium-battery systems for residential self-consumption and backup power. $1.4B
Inverters
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Hoymiles Power Electronics |
688032.SS | $1.4B | |||
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Hoymiles Power Electronics
Hoymiles Power Electronics is a Chinese manufacturer of microinverters and power optimisers for residential and commercial rooftop solar, competing with Enphase in the module-level power-electronics segment. Listed on Shanghai's STAR Market, Hoymiles reported about 17% of global microinverter shipments in 2025, citing S&P Global Energy data, and ranked first outside the United States on that measure. Its DTU communication units and monitoring platforms provide panel-level visibility and remote management. The business mix is shifting: FY2025 microinverter revenue fell sharply while energy-storage revenue grew about 61%, and the company swung to a CNY 161 million net loss as it invested through the transition. $1.4B
Inverters
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T1 Energy |
TE | $1.3B | |||
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T1 Energy
T1 Energy (NYSE: TE), formerly FREYR Battery, began trading under its current name on 3 March 2025 following the December 2024 close of the Trina Business Combination, which brought Trina Solar's US solar-manufacturing assets under the company. T1 operates G1_Dallas, a 5 GW-nameplate photovoltaic module manufacturing facility in Wilmer, Texas, using PERC and TOPCon cell technology. It is also building G2_Austin, a planned US solar-cell manufacturing facility in Milam County, Texas; construction of the first 2.1 GW phase began in December 2025, with the company targeting initial cell production there in Q4 2026. T1 holds long-term supply agreements with Hemlock Semiconductor for polysilicon and Corning Inc. for wafers. In Q1 2026, T1 reported net income from continuing operations of $3.9 million and Adjusted EBITDA of $9.1 million, both company-described quarterly records. $1.3B
Module Manufacturer
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Shoals Technologies Group |
SHLS | $1.2B | |||
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Shoals Technologies Group
Shoals Technologies Group designs and manufactures electrical balance-of-system (eBOS) solutions for utility-scale solar, battery storage and data-center power infrastructure. Its Big Lead Assembly trunk-bus system uses above-ground aluminum feeder cables and prefabricated harnesses instead of traditional combiner boxes and wire-and-conduit; the company says the design can reduce wire runs by up to 95%. Shoals reported more than 93 GW of deployed solar projects and total backlog and awarded orders of $747.6 million at end-2025. It has announced Master Service Agreements with data-center integrators. The wire-insulation shrinkback matter remains subject to litigation against the supplier, with related expenses disclosed in 2026 filings. $1.2B
Electrical BOS
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Voltalia |
VLTSA.PA | $1.0B | |||
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Voltalia
Voltalia is a French independent renewable-energy developer, IPP and service provider with solar, wind, hydro, biomass and battery-storage projects across Europe, Latin America and Africa. Its dual model combines ownership of generating assets with EPC, O&M and development services for third parties. At end-2025 Voltalia had 2.9 GW in operation and 3.6 GW including projects under construction. Under its SPRING plan the company cut its development pipeline by around 30% to roughly 12 GW and withdrew from five countries to concentrate on priority markets; FY2025 included a net loss of EUR 128.1 million amid Brazilian curtailment pressure. $1.0B
Renewable IPP
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Canadian Solar |
CSIQ | $988M | |||
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Canadian Solar
Canadian Solar is a Canada-headquartered vertically integrated solar company with a broad value-chain footprint. Its manufacturing arm targeted approximately 51 GW of module capacity by December 2025 and shipped 24.3 GW of modules in FY2025, while its Recurrent Energy division develops, owns and operates utility-scale solar and battery-storage projects globally. Following a December 2025 reorganization, manufacturing is split between US-focused CS PowerTech, a majority-owned subsidiary, and CSI Solar's other-market operations; the Mesquite, Texas plant reached an annual run-rate above 5 GW and is expanding toward 10 GW by H2 2026. CSI Solar is separately listed on the Shanghai STAR Market (688472.SS), with the parent retaining majority ownership. This combination gives the parent exposure to manufacturing, project development and energy services. $988M
Module Manufacturer Renewable IPP
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Daqo New Energy |
DQ | $919M | |||
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Daqo New Energy
Daqo New Energy is a Chinese producer of solar-grade polysilicon, with reported 305,000 MT of nameplate capacity split between Xinjiang and Inner Mongolia and manufacturing based on the modified Siemens process. Its NYSE-listed Cayman holding company owns roughly 72.8% of Xinjiang Daqo, the operating subsidiary separately listed on Shanghai's STAR Market. Industry oversupply pushed polysilicon prices below the production costs of many producers; Daqo reported a net loss of $88.4 million in Q1 2026 and operated at approximately 57% of nameplate capacity. How far China's anti-involution supply-discipline campaign lifts polysilicon prices remains the swing factor for its earnings. $919M
Polysilicon
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Xinyi Energy Holdings |
3868.HK | $891M | |||
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Xinyi Energy Holdings
Xinyi Energy Holdings is a Hong Kong-listed, Cayman-incorporated, solar-focused renewable-energy operator in mainland China. As of 30 June 2026, it owned utility-scale renewable-energy generation projects with aggregate approved capacity of 4,630.5 MW, including subsidized and grid-parity projects; the wider portfolio also includes a small wind farm. The company sells electricity to provincial subsidiaries of China's state grid enterprises under a mix of tariff and market-based arrangements. It is a controlled subsidiary of Xinyi Solar Holdings (0968.HK), spun out as a yieldco in 2019 to give investors separately listed exposure to operating renewable assets, with the parent retaining majority ownership. The company also completed the acquisition of a New Zealand company in the first half of 2026 and expects a 100 MW Malaysian renewable project to connect by the end of 2026. $891M
Renewable IPP
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JinkoSolar |
JKS | $834M | |||
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JinkoSolar
JinkoSolar is one of the world's largest solar module manufacturers, having crossed 400 GW of cumulative module shipments delivered to nearly 200 countries during Q1 2026, with full-year 2026 shipment guidance of 75-85 GW. Its Tiger Neo TOPCon N-type product line accounted for over 99% of 2025 module shipments, and the third-generation Tiger Neo 3.0 reached average mass-production output of 655-660W by the end of Q1 2026. Operations are vertically integrated across silicon ingots, wafers, cells, and modules, with manufacturing in China, Vietnam, the United States, and a planned Saudi Arabian joint venture with PIF. The group is structured as a Cayman NYSE-listed parent (JKS) whose principal operating subsidiary, Jinko Solar Co., is separately listed on the Shanghai STAR Market. $834M
Module Manufacturer
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Arctech Solar |
688408.SS | $832M | |||
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Arctech Solar
Arctech Solar is a Chinese manufacturer of single-axis solar trackers and fixed-tilt racking systems for utility-scale solar farms, with experience in high-wind and difficult-terrain environments. Listed on Shanghai's STAR Market, Arctech has deployed its SkyLine and SkySmart tracker products across projects in China, the Middle East, Latin America and other international markets, and offers tracking control software for its systems. Its project base spans both Chinese and non-Chinese utility-solar markets. $832M
Tracker
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Array Technologies |
ARRY | $721M | |||
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Array Technologies
Array Technologies is one of the largest global suppliers of single-axis solar trackers for utility-scale projects, with its DuraTrack platform and patented autonomous wind-stow technology installed across thousands of projects worldwide. The 2022 acquisition of STI Norland expanded its presence in Europe and Latin America, and the acquisition of foundation-solutions provider APA Solar, agreed in June 2025 and completed in August 2025, added an adjacent product line often deployed alongside trackers. The order book stood at a record $2.5 billion at 30 June 2026, its third consecutive quarterly record, and cumulative tracker shipments passed 100 gigawatts during the second quarter of 2026. Array manufactures with a high US domestic-content mix: its trackers can help project owners qualify for the domestic-content bonus, while Array itself claims Section 45X advanced-manufacturing credits on eligible components, two distinct tax mechanisms. Its primary US-listed tracker competitor is Nextpower. $721M
Tracker
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7C Solarparken |
HRPK.DE | $150M | |||
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7C Solarparken
7C Solarparken is a German operator and developer of distributed solar parks generating revenue from German feed-in tariffs, direct-marketing agreements and PPAs. Listed on the Frankfurt Stock Exchange, it owned and operated roughly 504 MWp in 2025, predominantly in Germany with a smaller Belgian presence. It acquires existing parks and develops ground-mount and rooftop projects. $150M
Renewable IPP
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Tigo Energy |
TYGO | $84M | |||
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Tigo Energy
Tigo Energy is a US-based provider of module-level power electronics (MLPE), competing primarily with Enphase and SolarEdge. Its TS4 platform delivers per-panel optimization, real-time monitoring, and code-required rapid shutdown for residential, commercial, and utility-scale solar systems. The company also offers GO Energy Storage Systems for residential solar-plus-storage and the Predict+ machine-learning analytics platform used by utilities for renewable forecasting. Tigo reported 2025 revenue of $103.5 million, up 91.7% year on year; EMEA revenue reached $69.5 million, driven by MLPE and GO ESS demand in Germany, the Czech Republic, the United Kingdom, Italy, and Poland. $84M
MLPE Inverters
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List Updates
Additions, removals and corrections are logged here as they happen. Market-cap data last refreshed August 21, 2026. Full changelog across all lists →
Solar Stocks — Investor FAQ
Battery attach rates and energy-storage shipments are operating indicators for several residential and manufacturing companies. Sunrun reported a record 74% storage attach rate in Q2 2026 (up from 70% a year earlier), while JinkoSolar has built energy storage into a second business line and Enphase and Tigo sell storage alongside their inverter platforms.
A separate Section 232 national-security investigation into polysilicon and its derivatives, opened July 2025, was still awaiting a final tariff determination as of mid-2026. In residential, the Section 25D homeowner credit ended for expenditures after 2025; the treatment of third-party-ownership platforms such as Sunrun depends on Section 48E eligibility and other foreign-entity rules. Developers and manufacturers can also monetize credits through direct transfers to unrelated buyers as an alternative to conventional tax equity; pricing varies by credit and deal, with First Solar's disclosed 2025 45X credit sales at roughly 95 cents on the dollar.
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