A solar power company is a company that uses solar energy to generate power. Companies that are considered to be solar power companies include Canadian Solar, EcoPlexus, and Hannon Armstrong.
First Solar (NASDAQ: FSLR) is a company in the business of solar panels. The company's stock price has jumped by nearly two times over the last year. It has also seen its P/S multiple change in a positive direction.
In terms of technology, the company is one of the leaders in the industry, and its patented thin film semiconductor technology makes it a contender for solar's future.
The company's solar module uses cadmium telluride, or CdTe, to convert sunlight into electricity. Compared to crystalline silicon PV solar modules, this type has a lesser environmental impact.
Although it is not the biggest name in the solar power game, First Solar is still the largest thin film solar module manufacturer in the world. With production lines in the U.S., Malaysia, Vietnam, and India, the company's reach is growing.
Solar power companies have been one of the best performing sectors of the stock market in recent years. The renewable energy sector experienced a surge in interest before the financial crisis of 2008. During this period, investors saw solar stocks surge to record highs as the industry gained traction. However, a number of these names are no longer in operation.
One of the largest players in the renewable energy space in Canada is Algonquin Power & Utilities. Its assets include 41 energy facilities, including renewable energy plants. Currently, the company is acquiring power generation facilities.
Another utility-type renewable energy company is Innergex Renewable Energy. Its headquarters are in Longueuil, Quebec. As of October 2018, Innergex has installed over four gigawatts of renewable energy. They own interests in 13 projects currently under development.
A look at the stock market is not the only place to find the latest and greatest companies. EcoPlexus is a global renewable energy developer and owner. They have offices in seven countries spanning seven continents, and are headquartered in San Francisco, California.
While not the first name on your list, Ecoplexus is one of the world's largest and most successful solar power companies. They have completed over 60 projects, and have closed more than $1 billion in financing transactions. In addition to their headquarters in San Francisco, they have offices in Japan, Taiwan, Korea, and Vietnam, among others.
In addition to its numerous products, Ecoplexus also provides a full suite of professional services. This includes engineering, procurement, and construction (EPC) solutions.
Daqo New Energy Corp.
Daqo New Energy Corporation is a polysilicon manufacturer based out of the People's Republic of China. They have been around since 2007, and they are one of the largest polysilicon producers in the world. In fact, they have one of the largest nameplate capacity for the stuff, which equates to 105,000 metric tons. So, the company is on the right track and has a toe in the solar industry. The company has a vested interest in the space but isn't in the business of building the next generation solar cells.
Their top of the line, multimillion dollar, silicon wafer plant in Xinjiang Province is not the only high profile facility that they operate. Other facilities include a large scale mono-Si fabrication plant in Shihezi, a state of the art polysilicon testing and characterization facility in Jiangxi, and a state of the art polysilicon manufacturing facility in Inner Mongolia. These facilities are the envy of their peers.
Hannon Armstrong Sustainable Infrastructure Capital (HASI) is a company dedicated to climate solutions. It provides loans and equity to third-party green energy projects. The company's investments are in three asset classes: wind, solar, and heat and power systems.
This investment company offers investors an opportunity to earn dividends with stable revenue streams. The company has assets worth $9 billion in managed investments. Those investments are in 48 states.
The company's portfolio includes solar and wind projects located in six US states and Arizona. There are three solar-storage hybrid projects in its portfolio.
Hannon Armstrong also makes high-yield loans to businesses and governments, as well as debt and equity investments for sustainable infrastructure projects. The company has investments in more than 350 companies.