Comfortable leader
16 companies value 43 bn revenue 34 bn margin 4.9% free cash flow 0.4 bn avg. score 2.3
FSLR holds 43.4% of the group's value, 1.5x the runner-up
| Rank | Ticker | Company | Share | Value | Revenue | Margin | FCF | 5 years | FCF/px | Yield | What it does · why it is here |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | FSLR | First Solar United States · score 6.9 | 43% | 19 bn | 5.4 bn | 32.5% | 1.5 bn | 8.1% | — | World's largest maker of thin-film solar modules · The only large US solar panel maker; proprietary thin-film technology | |
| 2 | NXT | Nextracker United States · score 6.0 | 28% | 12 bn | 3.6 bn | 16.4% | 0.6 bn | 4.5% | — | Solar trackers for utility-scale plants · Global leader in solar trackers (structures that follow the sun) | |
| 3 | ENPH | Enphase Energy United States · score 5.6 | 10% | 4.0 bn | 1.3 bn | 10.1% | 0.1 bn | 3.8% | — | Microinverters and batteries for home solar · Leader in microinverters for residential solar | |
| 4 | SEDG | SOLAREDGE TECHNOLOGIES, INC. Israel · score 2.9 | 5% | 1.9 bn | 1.3 bn | -20.3% | 0.1 bn | 4.7% | — | Inverters and optimizers for photovoltaic systems · Israel — revenue of $1.3bn | |
| 5 | RUN | Sunrun United States · score 0.0 | 4% | 1.7 bn | 3.5 bn | 11.6% | -0.2 bn | -12.1% | — | Residential solar power by subscription · Largest US residential solar installer | |
| 6 | SHLS | Shoals Technologies Group, Inc. United States · score 2.2 | 3% | 1.2 bn | 0.6 bn | 5.4% | -0.1 bn | -4.2% | — | Electrical infrastructure for solar, batteries and data centers · Tennessee — revenue of $588m | |
| 7 | TE | T1 Energy Inc. United States · score 0.0 | 2% | 0.7 bn | 1.0 bn | 0.0% | -0.2 bn | -24.7% | — | US solar module supply chain · Texas — revenue of $997m | |
| 8 | DQ | DAQO NEW ENERGY CORP. China · score 1.1 | 2% | 0.7 bn | 0.7 bn | -25.6% | -0.1 bn | -18.0% | 5.2% | Polysilicon for solar panels, from China · China — revenue of $665m | |
| 9 | CSIQ | Canadian Solar Canada · score 0.0 | 2% | 0.6 bn | 5.6 bn | -1.9% | -1.2 bn | -187.2% | 4.2% | Solar panels and energy projects, from Canada · Solar panels and development of its own solar farms | |
| 10 | ARRY | Array Technologies, Inc. United States · score 3.6 | 1% | 0.5 bn | 1.2 bn | -7.2% | 0.1 bn | 26.8% | — | Solar trackers and fixed-tilt structures for solar plants · New Mexico — revenue of $1.2bn | |
| 11 | JKS | JinkoSolar China · score 0.0 | 1% | 0.4 bn | 9.4 bn | -6.8% | -0.3 bn | -71.6% | — | Solar modules and cells, from China · One of the world's largest solar panel makers | |
| 12 | TYGO | TIGO ENERGY, INC. United States · score 1.9 | 0% | 0.1 bn | 0.1 bn | 9.0% | -0.0 bn | -12.8% | — | Optimizers and monitoring for solar systems · California — revenue of $111m | |
| 13 | FTCI | FTC Solar, Inc. United States · score 0.0 | 0% | 0.0 bn | 0.1 bn | -53.6% | -0.0 bn | -110.8% | — | Solar trackers with software and engineering · Texas — revenue of $102m | |
| 14 | ASTI | Ascent Solar Technologies, Inc. United States · score 0.0 | 0% | 0.0 bn | 0.0 bn | -42x | -0.0 bn | -41.0% | — | Flexible, lightweight solar modules · Colorado | |
| 15 | SSM | Sono Group N.V. Germany · score 0.8 | 0% | 0.0 bn | — | — | 0.0 bn | — | -237.4% | — | Solar technology for vehicles and power electronics · Germany |
| 16 | TOYO | TOYO Co., Ltd Japan · score 6.5 | — | — | 0.6 bn | 14.9% | 0.1 bn | — | — | Solar cells and modules, from Vietnam · Japan — revenue of $549m |
Other industries in the same sector
- Sector overview
- Regulated electric utilities 27 companies
- Multi-utilities 13 companies
- Nuclear and data-center power 7 companies
- Gas and multi-utilities 11 companies
- Water utilities 14 companies
- Hydrogen and fuel cells 4 companies
- Canadian utilities 4 companies
- Latin American electric utilities 6 companies
- Renewables (contracted generation) 16 companies
- Small modular reactors (SMR) 9 companies
What this is. A catalogue, not a guide. Every industry with stocks listed on the NYSE or NASDAQ, the companies contending for its leadership, what each one does according to its own annual report, and the balance sheet it filed with the SEC.
The score runs from 0 to 10 and compares each company with every other one in the almanac on cash generation, profitability, debt, dividends and consistency over the last five years. The higher it is, the better the company fares in that comparison. Curious how much each part weighs? Ask at the bottom of the page.
The score runs from 0 to 10 and compares each company with every other one in the almanac on cash generation, profitability, debt, dividends and consistency over the last five years. The higher it is, the better the company fares in that comparison. Curious how much each part weighs? Ask at the bottom of the page.