10 Renewable Energy Stocks That Are Set to Soar in 2023

As the world moves towards a more sustainable future, the demand for renewable energy is skyrocketing. This is creating a huge opportunity for investors who are looking to profit from this growing trend.

In this article, we will take a look at 10 renewable energy stocks that are set to soar in 2023. These companies are leading the way in the development and deployment of renewable energy technologies, and they are well-positioned to benefit from the increasing demand for clean energy.

1. SolarEdge Technologies (SEDG)

SolarEdge Technologies is a leading provider of solar inverters and other solar energy products. The company's products are used in residential, commercial, and industrial solar installations. SolarEdge has a strong track record of innovation, and it is well-positioned to benefit from the growing demand for solar energy.

Key Highlights:

• Revenue growth of 45.6% in 2022
• Net income of $331.9 million in 2022
• Market capitalization of $14.3 billion

2. SunPower Corporation (SPWR)

SunPower Corporation is a leading manufacturer of solar panels and solar systems. The company's products are used in residential, commercial, and industrial solar installations. SunPower has a strong track record of innovation, and it is well-positioned to benefit from the growing demand for solar energy.

Key Highlights:

• Revenue growth of 25.5% in 2022
• Net income of $106.7 million in 2022
• Market capitalization of $5.5 billion

3. Enphase Energy (ENPH)

Enphase Energy is a leading provider of microinverters and other solar energy products. The company's products are used in residential, commercial, and industrial solar installations. Enphase has a strong track record of innovation, and it is well-positioned to benefit from the growing demand for solar energy.

Key Highlights:

• Revenue growth of 63.8% in 2022
• Net income of $340.7 million in 2022
• Market capitalization of $16.3 billion

4. First Solar (FSLR)

First Solar is a leading manufacturer of thin-film solar modules. The company's products are used in utility-scale solar installations. First Solar has a strong track record of innovation, and it is well-positioned to benefit from the growing demand for solar energy.

Key Highlights:

• Revenue growth of 24.0% in 2022
• Net income of $752.0 million in 2022
• Market capitalization of $11.6 billion

5. NextEra Energy (NEE)

NextEra Energy is a leading utility company that is focused on renewable energy. The company owns and operates a portfolio of wind, solar, and nuclear power plants. NextEra Energy is well-positioned to benefit from the growing demand for renewable energy.

Key Highlights:

• Revenue growth of 10.5% in 2022
• Net income of $5.2 billion in 2022
• Market capitalization of $152.5 billion

6. Brookfield Renewable Partners (BEP)

Brookfield Renewable Partners is a leading renewable energy company that owns and operates a portfolio of wind, solar, and hydroelectric power plants. Brookfield Renewable Partners is well-positioned to benefit from the growing demand for renewable energy.

Key Highlights:

• Revenue growth of 10.2% in 2022
• Net income of $542.6 million in 2022
• Market capitalization of $14.3 billion

7. Algonquin Power & Utilities (AQN)

Algonquin Power & Utilities is a leading utility company that is focused on renewable energy. The company owns and operates a portfolio of wind, solar, and hydroelectric power plants. Algonquin Power & Utilities is well-positioned to benefit from the growing demand for renewable energy.

Key Highlights:

• Revenue growth of 5.6% in 2022
• Net income of $260.4 million in 2022
• Market capitalization of $8.5 billion

8. Clearway Energy (CWEN)

Clearway Energy is a leading renewable energy company that owns and operates a portfolio of wind and solar power plants. Clearway Energy is well-positioned to benefit from the growing demand for renewable energy.

Key Highlights:

• Revenue growth of 17.6% in 2022
• Net income of $182.4 million in 2022
• Market capitalization of $7.5 billion

9. Pattern Energy Group (PEGI)

Pattern Energy Group is a leading renewable energy company that owns and operates a portfolio of wind and solar power plants. Pattern Energy Group is well-positioned to benefit from the growing demand for renewable energy.

Key Highlights:

• Revenue growth of 22.3% in 2022
• Net income of $132.1 million in 2022
• Market capitalization of $4.8 billion

10. 8minute Solar Energy (MINA)

8minute Solar Energy is a leading renewable energy company that develops and operates utility