S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Get Rid of Your Siri Remote Once and for All This Year
Millionaire Investor Reveals: “How I Made My Second Fortune… By Avoiding 99% of Stocks” (Ad)pixel
Russia rejects $60-a-barrel cap on its oil, warns of cutoffs
Moldova signs new energy deal that could ease blackout risk
Millionaire Investor Reveals: “How I Made My Second Fortune… By Avoiding 99% of Stocks” (Ad)pixel
OPEC+ oil producers face uncertainty over Russian sanctions
No OPEC+ oil shakeup as Russian price cap stirs uncertainty
Millionaire Investor Reveals: “How I Made My Second Fortune… By Avoiding 99% of Stocks” (Ad)pixel
OPEC keeps oil targets amid uncertainty on Russian sanctions
FDA change ushers in cheaper, easier-to-get hearing aids
S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Get Rid of Your Siri Remote Once and for All This Year
Millionaire Investor Reveals: “How I Made My Second Fortune… By Avoiding 99% of Stocks” (Ad)pixel
Russia rejects $60-a-barrel cap on its oil, warns of cutoffs
Moldova signs new energy deal that could ease blackout risk
Millionaire Investor Reveals: “How I Made My Second Fortune… By Avoiding 99% of Stocks” (Ad)pixel
OPEC+ oil producers face uncertainty over Russian sanctions
No OPEC+ oil shakeup as Russian price cap stirs uncertainty
Millionaire Investor Reveals: “How I Made My Second Fortune… By Avoiding 99% of Stocks” (Ad)pixel
OPEC keeps oil targets amid uncertainty on Russian sanctions
FDA change ushers in cheaper, easier-to-get hearing aids
S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Get Rid of Your Siri Remote Once and for All This Year
Millionaire Investor Reveals: “How I Made My Second Fortune… By Avoiding 99% of Stocks” (Ad)pixel
Russia rejects $60-a-barrel cap on its oil, warns of cutoffs
Moldova signs new energy deal that could ease blackout risk
Millionaire Investor Reveals: “How I Made My Second Fortune… By Avoiding 99% of Stocks” (Ad)pixel
OPEC+ oil producers face uncertainty over Russian sanctions
No OPEC+ oil shakeup as Russian price cap stirs uncertainty
Millionaire Investor Reveals: “How I Made My Second Fortune… By Avoiding 99% of Stocks” (Ad)pixel
OPEC keeps oil targets amid uncertainty on Russian sanctions
FDA change ushers in cheaper, easier-to-get hearing aids
S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Get Rid of Your Siri Remote Once and for All This Year
Millionaire Investor Reveals: “How I Made My Second Fortune… By Avoiding 99% of Stocks” (Ad)pixel
Russia rejects $60-a-barrel cap on its oil, warns of cutoffs
Moldova signs new energy deal that could ease blackout risk
Millionaire Investor Reveals: “How I Made My Second Fortune… By Avoiding 99% of Stocks” (Ad)pixel
OPEC+ oil producers face uncertainty over Russian sanctions
No OPEC+ oil shakeup as Russian price cap stirs uncertainty
Millionaire Investor Reveals: “How I Made My Second Fortune… By Avoiding 99% of Stocks” (Ad)pixel
OPEC keeps oil targets amid uncertainty on Russian sanctions
FDA change ushers in cheaper, easier-to-get hearing aids

3 Solar Stocks That Will Benefit From the Biden Tariff Holiday

3 Solar Stocks That Will Benefit From the Biden Tariff Holiday

Solar stocks have been on fire lately (pun intended). The sector is getting a boost from the Biden administration which has announced a broad goal for 45% of the nation’s energy supply to come from solar by 2050. That’s up from the 4% the sector supplied in 2020.  

And as one of several steps to reach this goal, the sector got an additional catalyst in June when the Biden administration announced it was suspending tariffs on solar panel components from four countries.  

Think of this like a lock and a key. The lock is the 45% target goal. Suspending the tariffs is one of the keys the administration is using to help break up supply chain bottlenecks.  

However, the tariff news is only accelerating a trend that’s been building for years. Several research firms agree that the solar market is going to grow at a compound annual growth rate (CAGR) of more than 20% over the next five years. And Fortune Business Insights estimates that the global market will be worth $1 trillion at the end of 2028.  

Many companies stand to benefit from this trend. This article highlights three stocks that look to benefit from the rush to solar.  

An Industry Leader With More Growth in Store 

Sunrun (NASDAQ:RUN) has one of the largest installed bases in the United States. The company is known for its home solar and battery storage solutions including solar panels, racks, and solar leads. The San Francisco-based company has over 600,000 customers across 22 states.  

Unlike the other two stocks on this list, Sunrun shares are flat in 2022. That puts FUN stock well below the current analysts’ expectations of $48 per share. But you can’t blame that on revenue. Sunrun is posting strong sequential and year-over-year revenue growth. And with the CAGR projections for the industry, that's not likely to slow down.  


The issue may be more of earnings. Sunrun is still not delivering consistently positive earnings. However, in the most recent quarter, it did post a solid beat of 70% on earnings coming in at negative 6 cents a share as opposed to the negative 20 cents a share that was forecast.  

This Leading U.S. Manufacturer Forecasts Strong Revenue Growth 

First Solar (NASDAQ:FSLR) will be one of the solar companies to benefit the most from the Biden administration’s Inflation Reduction Act. Specifically, the bill provides $40 million in aid to solar manufacturers. First Solar is a U.S.-based company that already has manufacturing infrastructure up and running.  

The company produces solar power systems and modules and is known for its proprietary thin-film module. This allows for better performance in low light and hot weather. Plus, the modules are larger than other modules which helps reduce the cost per watt.  

First Solar plans to increase its manufacturing footprint with the help of the money it receives from this legislation. And the company is showing a strong backlog of orders through 2024.  

However, some investors may wonder if it’s too late to get in on the rally. FSLR stock is already up 49% for the year with all the gains coming after the announcement of the tariff suspensions. That has the stock trading above the consensus price targets of analysts tracked by MarketBeat. But with sales expected to grow by an average of 27% over the next two years, it’s likely that the stock has more upside to come particularly with the knowledge that it does not rely on any silicon from China in its manufacturing operations.  

A Compelling Partnership Adds Juice to This Company 

The last stock on this short list of solar stocks is SunPower Corporation (NASDAQ:SPWR). This is another American company that provides solar, storage, and home energy solutions. And while it does have commercial clients, it’s the company’s appeal to residential consumers that got my attention.  

Specifically, SunPower has a collaboration with IKEA with a goal of making solar power more accessible to consumers. The partnership will start in select California markets this fall.  

SPWR stock is up 26% this year and is above the current price target of analysts tracked by MarketBeat. However, analysts have been raising their price targets after the company posted revenue that was 60% higher from the prior year. The company is also citing a strong backlog of orders for its products that adds credence to future revenue and earnings growth.  

Should you invest $1,000 in First Solar right now?

Before you consider First Solar, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and First Solar wasn't on the list.

While First Solar currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Sunrun (RUN)
2.7646 of 5 stars
$32.15+3.2%N/A110.87Moderate Buy$43.63
First Solar (FSLR)
2.0089 of 5 stars
$168.32-0.1%N/A191.27Moderate Buy$163.91
SunPower (SPWR)
2.0383 of 5 stars
$24.49+3.6%N/A74.21Hold$21.79
Compare These Stocks  Add These Stocks to My Watchlist 

Chris Markoch

About Chris Markoch

Contributing Author: Retirement, Individual Investing

Chris Markoch is a freelance financial copywriter with over five years of experience covering various aspects of the financial markets. You may find his writing a little different than other stock articles you’ve read. And that’s OK with him. Chris doesn’t have a traditional finance background. What he does bring to the table is a strong business and marketing background having worked for agencies that serviced Fortune 500 companies. With that in mind, he isn’t overly impressed with what companies say, and more focused on what they do. And because buyer behavior dictates so much of what happens with a stock, Chris always keeps the end consumer close in mind. Chris has been writing for MarketBeat since 2018.

Contact Chris Markoch via email at CTMarkoch@msn.com.