First Solar (NASDAQ: FSLR), Brookfield Renewable (NYSE: BEP) And SolarEdge Technologies (NASDAQ: SEDG) Picked By Motley Fool As Top Solar Stocks; So-lar Integrated Roofing Corp. (OTC PINK: SIRC) And Other Installers See Promis-ing Future In Solar

Posted March 10, 2022

In NASDAQ: BLNK, NASDAQ: CSIQ, NASDAQ: EVGO, NASDAQ: FSLR, NASDAQ: ROCK, NASDAQ: RUN, NASDAQ: SEDG, NASDAQ: SPWR, NASDAQ: TSLA, NASDAQ:CSIQ, NYSE: BEP, NYSE: CHPT, NYSE: GM, NYSE: SPRQ, OTC PINK: SIRC

Analyst Motley Fool picks what it sees as the three most promising solar sector stocks. As global oil fluctuates widely due to the Russian-Ukraine conflict and geo-political moves, fossil fuel oil closed last evening at a Brent Crude price of $115 per barrel. Solar is taking on a more urgent role in worldwide energy. The stock pics are: First Solar (NASDAQ: FSLR), Brookfield Renewable (NYSE: BEP) And SolarEdge Technologies (NASDAQ: SEDG); Solar Integrated Roofing Corp. (OTC PINK: SIRC) and other installers see promising future in solar.

stockmarketpress.com features specialized coverage of related stocks in the solar, roofing, EV charging stations and battery charging energy industry such as Solar Integrated Roofing Corp. (OTC PINK: SIRC), Sunrun, Inc. (NASDAQ: RUN), Blink Charging Co. (NASDAQ: BLNK), Tesla, Inc. (NASDAQ: TSLA), GM (NYSE: GM), ChargePoint (NYSE: CHPT), EVgo (NASDAQ: EVGO), SolarEdge Technologies, Inc. (NASDAQ: SEDG), First Solar, Inc. (NASDAQ: FSLR), SunPower (NASDAQ: SPWR), Gibraltar Industries, Inc. (NASDAQ: ROCK), Spartan Acquisition Corp. II (NYSE: SPRQ). and Canadian Solar Inc. (NASDAQ: CSIQ).

First Solar (NASDAQ: FSLR), Brookfield Renewable (NYSE: BEP) And SolarEdge Technologies (NASDAQ: SEDG) Picked By Motley Fool As Top Solar Stocks; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Other Installers See Promising Future In Solar

As fossil fuel drillers are making a comeback due to the European conflict and worldwide moves in energy prices, long term solar is seen as an important sector of the alternative energy carbon-capture energy business. First Solar (NASDAQ: FSLR), Brookfield Renewable (NYSE: BEP) And SolarEdge Technologies (NASDAQ: SEDG) Picked By Motley Fool As Top Solar Stocks; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Other Installers See Promising Future In Solar.

Here are Motley Fool’s solar picks:

—First Solar (NASDAQ: FSLR) is a global leader in developing and selling advanced solar modules. What makes this company special in solar is that it has developed and markets a proprietary thin-film module. Even in low light and warm weather, these modules perform better than competitors made of silicon.

Financially, FSLR has a solid balance sheet. It often has more cash than debt. , a rarity in the solar industry. Its larger-inside panels make them ideal for utility jobs.

— Brookfield Renewable (NYSE: BEP) uses power purchase agreements to selll renewable energy. In turn, its steady cash flow enables it to pay shareholders handsome yielding dividends. It is also a global leader in the development and operations of hydroelectric power plants.

In solar, BEP is seen growing its cash flow per share by 1l-16% through 2025. That is seen enabling it to grow its dividend by 5-9% annually. To shareholders, his is an attractive alternative energy stock.

— SolarEdge Technologies (NASDAQ: SEDG) makes power optimizers and inverters to convert the sun’s energy into usable electricity. It enables this Company to efficiently covert DC power from the sun into the AC electricity used by the central electrical grid.

Its low cost power optimizer gives it a competitive edge in the solar market. The catalyst in this stock is its successful and priced right power optimizers, Motley Fool believes.

Solar Integrated Roofing Corp.(OTC PINK: SIRC) and other rooftop solar system installers are reporting large and successful financials as it seek an up list in stock market exchanges. First Solar (NASDAQ: FSLR), Brookfield Renewable (NYSE: BEP) And SolarEdge Technologies (NASDAQ: SEDG) Picked By Motley Fool As Top Solar Stocks; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Other Installers See Promising Future In Solar.

SIRC’s core business is rooftop solar systems and rechargeable solar battery systems. Some utilities have so much solar-generated excess electricity being sold to them, they have to resell it again to other utilities out of state. This is the situation in states such as California — which has 1.3 million solar system households. Central electricity grids cannot handle all the solar powered electricity they receive.

The move within three years to generate 30% of the nation’s electrical capacity —- from just 25% today — needs momentum from new funding and technology. This includes incentive awards for new rooftop and small-scale solar projects.

Also, new technology can bring down installation costs.

Solar and other renewables are generating a greater percentage of the nation’s capacity needs. According to site ‘Bring Me The News,’ electric rates have jumped some 30% over the past 10 years in some states. That makes solar not just a conservation buy, but also an energy efficient purchase.

SIRC is also refocusing its alternative energy business to the jumping sector of EV Charging Stations in the electric car/truck industry. Seeing that opportunity, SIRC management is now growing aggressively in the first. First, it has subsidiary PLEMCo., in the EV Charging Station industry. Second, it is growing by acquisition. It recently announced it signed an LOI to acquire three complementary LA-based EV Charging Station companies to expand its footprint in the industry.

First Solar (NASDAQ: FSLR), Brookfield Renewable (NYSE: BEP) And SolarEdge Technologies (NASDAQ: SEDG) Picked By Motley Fool As Top Solar Stocks; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Other Installers See Promising Future In Solar

Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.

Source: Stock Market Press

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Nitin Harlalka

Nitin Harlalka is a Stock Market Press contributor who has covered financial market for close a decade. With a graduate degree in Economics, Nitin has been a freelance stock market and business journalist for a range of publications. Most recently, he has covered emerging industries such as cannabis and blockchain.