Should you buy solar stocks in 2024?

These picks may successfully navigate volatility and liquidity issues happening in the solar sector now. The long-term promise of solar remains significant in the age of climate change – so many investors are eager to get a foothold in the industry. Finding the best solar stocks is no easy task in 2024.

Should you diversify your solar portfolio?

For instance, balancing solar stocks with consumer staples and tech can offset the impact of solar demand. Secondly, diversification spreads one portfolio over several asset classes, reducing exposure to the vulnerabilities of any single asset class.

Which solar stocks are underperforming in the past year?

The past year has been mixed for the solar stocks. SunPower (down 26.5%) and the Invesco Solar ETF (down 9.8%) have underperformed. First Solar was up just 3%, while Enphase (up 37.6%) and JinkoSolar (up 34%) were the best performers. The past month has been volatile, but all stocks are up between 7.2% and 20.3%.

Is First Solar a good stock to invest in?

First Solar's performance has been relatively modest compared to Enphase (up 37.6%) and JinkoSolar (up 34%). However, First Solar's stock is still up between 7.2% and 20.3% in the past month. The charts above show the history of these stocks, which cover a range of investment issues.

Should first solar price its panels better?

First Solar should consider improving the pricing of its solar panels in light of the rising aluminum prices, a key ingredient for making panels. However, the company was unable to pass these increased costs on to its customers who had already signed fixed-price contracts.

Is Brookfield Renewable Partners a good solar investment?

Brookfield Renewable Partners, which is structured more like a utility company than others on this list, is a fast-growing solar investment to consider. BEP specializes in renewable energy produced by solar farms as well as hydroelectric and wind-generation facilities.