Solar industry stocks

The Solar industry has 26 US-listed companies on stockrow and is part of the Technology sector, with a combined market value of $42.9B. First Solar, Inc. (FSLR) is the largest at $18.7B, followed by Nextpower Inc. and Enphase Energy, Inc.. The median Solar stock trades at 10.9× trailing earnings, below the market median of 17.9×, with a median net margin of −8.48% (market: 0.55%). Median revenue growth over the last twelve months is 17.0%. 2 of the 26 pay a dividend; the median yield among payers is 1.05%.

Solar medians

Metric Industry Market
P/E 10.9× 17.9×
P/S 0.5× 2.0×
P/B 1.4× 1.8×
Price to free cash flow 9.9× 14.0×
EV/EBITDA 9.9× 11.0×
EV/Sales 0.7× 2.2×
Earnings yield 0.00% 1.18%
Free cash flow yield 0.00% 0.48%
Gross margin 31.9% 46.3%
Operating margin −9.70% 0.00%
Net margin −8.48% 0.55%
Free cash flow margin −2.95% 0.00%
Return on equity 5.34% 1.76%
Return on assets −5.36% 0.00%
Return on invested capital −5.27% 0.00%
Revenue growth (TTM) 17.0% 7.41%
Revenue growth, 5-year CAGR 14.0% 8.85%
Net income growth, 5-year CAGR 0.00% 0.00%
Debt to equity 0.1× 0.2×
Current ratio 1.3× 1.6×
Net debt to EBITDA 0.0× 0.6×
Payout ratio 0.0× 0.0×
Market cap $43.5M $612.7M

All 26 companies

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Ticker Company Market cap Price 1D P/E Net margin Revenue growth Dividend yield
SING Singlepoint Inc. 30.00k 0.00 0.00% 0.00 (142.65%) (22.94%) —
SUNWQ Sunworks, Inc. 3.41m 0.00 0.00% 0.00 (40.36%) 10.63% —
VSTTF Vast Renewables Limited 4.20m 0.00 0.00% 0.00 0.00% — —
ISUNQ iSun, Inc. 5.21m 0.00 0.00% 0.00 (20.29%) 25.15% —
SMXT Solarmax Technology, Inc. 10.67m 2.32 5.45% 0.00 (5.40%) 309.46% —
MAXNQ Maxeon Solar Technologies, Ltd. 12.86m 0.00 0.00% 0.00 (120.68%) (54.68%) —
SUNE SUNation Energy Inc. 16.61m 2.40 (2.04%) 0.00 (8.48%) 10.34% —
ZEO Zeo Energy Corp. 23.63m 0.38 (2.56%) 0.00 (15.43%) 10.17% —
SPIEQ SPI Energy Co., Ltd. 24.21m 0.00 0.00% 0.00 (11.75%) 21.20% —
ASTI Ascent Solar Technologies Inc. 28.17m 2.92 1.74% 0.00 (4,236.98%) 364.08% —
BEEM Beam Global 28.30m 1.19 (1.65%) 0.00 (64.60%) (20.49%) —
SPRU Spruce Power Holding Corporation 38.12m 1.94 (3.00%) 0.00 (6.76%) 10.22% —
PN PN Smart Energy Limited 41.31m 2.83 1.07% — — — —
FTCI FTC Solar, Inc. 45.60m 2.66 (0.75%) 0.00 (53.61%) 59.53% —
TYGO Tigo Energy, Inc. 73.02m 0.86 (2.27%) 5.73 8.97% 49.51% —
SPWR CSLM Acquisition Corp. 99.26m 0.31 0.00% 0.00 (3.77%) 18.59% —
TOYO TOYO Co., Ltd. 187.97m 4.47 2.76% 3.85 0.00% — —
JKS JinkoSolar Holding Company Limited 486.01m 9.67 0.00% 0.00 (5.87%) (19.06%) 0.95%
ARRY Array Technologies, Inc. 612.95m 4.03 2.54% 0.00 (12.48%) 1.18% —
DQ DAQO New Energy Corp. 774.82m 11.47 0.17% 0.00 (34.50%) (6.28%) 1.15%
SHLS Shoals Technologies Group, Inc. 1.25b 7.47 0.27% 39.69 5.41% 46.88% —
RUN Sunrun Inc. 1.90b 8.11 4.24% 4.74 11.59% 63.23% —
SEDG SolarEdge Technologies, Inc. 1.98b 32.68 2.41% 0.00 (20.29%) 41.65% —
ENPH Enphase Energy, Inc. 4.39b 32.40 (1.28%) 31.76 10.09% (10.41%) —
NXT Nextpower Inc. 12.19b 80.85 1.10% 20.31 16.36% 16.97% —
FSLR First Solar, Inc. 18.69b 177.71 3.22% 10.93 32.47% 23.82% —

Updated 26 September 2026