8 solar stocks to watch

Considering investing in solar stocks? While the best solar stocks depend on your portfolio and investment goals, we've identified some solar stocks that are worth keeping an eye on in the energy sector. Keep reading to learn more about solar stocks and how to start investing.

8 popular solar stocks to watch

We round up a selection of stocks in or related to the energy industry, weighting the list more heavily towards popular mid- and large-cap stocks.

Best stock	1-year return	Market cap	Exchange	Volume	Buy on Questrade
Brookfield Renewable Partners L-P (BEP-UN.TO)	26.22% Brookfield Renewable Partners L-P's 1-year return based on the closing price as of September 12, 2025.	$20.5 billion (CAD)	Toronto Stock Exchange	267,060	Buy now
Northland Power (NPI.TO)	-8.45% Northland Power's 1-year return based on the closing price as of September 12, 2025.	$5.6 billion (CAD)	Toronto Stock Exchange	717,739	Buy now
Nextpower (NXT.US)	28.11% Nextpower's 1-year return based on the closing price as of September 12, 2025.	$13.1 billion (USD)	NASDAQ	1,496,146	Buy now
First Solar (FSLR.US)	3.63% First Solar's 1-year return based on the closing price as of September 12, 2025.	$22.9 billion (USD)	NASDAQ	2,068,941	Buy now
Enphase Energy (ENPH.US)	-3.40% Enphase Energy's 1-year return based on the closing price as of September 12, 2025.	$5.1 billion (USD)	NASDAQ	3,106,500	Buy now
SolarEdge Technologies (SEDG.US)	19.71% SolarEdge Technologies's 1-year return based on the closing price as of September 12, 2025.	$2.3 billion (USD)	NASDAQ	4,918,500	Buy now
Canadian Solar (CSIQ.US)	17.17% Canadian Solar's 1-year return based on the closing price as of September 12, 2025.	$884.7 million (USD)	NASDAQ	1,700,900	Buy now
Boralex (BLX.TO)	39.86% Boralex's 1-year return based on the closing price as of September 12, 2025.	$3.8 billion (CAD)	Toronto Stock Exchange	939,151	Buy now

The values in this table are accurate as of the market close on September 10, 2026, or the most recent data available. Volume refers to the number of shares traded during the day.

What to look for when investing in solar stock

The energy industry is affected by a range of complex factors such as trade policies, regulations, and fluctuating supply and demand. So when considering solar stocks to buy, it's important that you have access to vital information about a company's financial health, leadership team, and market positioning.

Also keep in mind that, while volatility can be ideal for day traders, long-term investors will want to look for stocks to offer steadier gains over time.

How to invest in solar stock

1. Research the energy industry. Before investing, learn about the solar stock sector, its trends and the companies within it. Look at each company's financial health, potential for growth and past performance to identify stocks that fit your investment goals.
2. Choose a stock trading platform. Compare trading fees, access to trading tools and user interface options. We've identified reliable trading platforms to help narrow down your options below or check out the best stock trading apps in Canada to find one that suits your needs.
3. Open and fund your account. Sign up with your personal details and link a bank account or funding method to deposit money before you start trading.
4. Select the solar stock(s) to buy. Search by company name or ticker symbol, like NPI or FSLR. Compare key metrics such as market cap, price history and earnings per share to pick the best stock for your strategy.
5. Buy the stock and monitor performance. Place your order to buy the stock and track its performance over time. Consider setting alerts, signing up for industry newsletters or using platform research tools to stay up to date on market changes.

Our top picks for where to buy solar stocks

Are solar stocks a good investment?

While it's possible to turn a profit investing in solar stocks, keep in mind that—like any investment—solar stocks are not immune to risk. These stocks are subject to fluctuating conditions both in the market and in the energy industry, so carefully vet your picks before you invest.

What are the best solar stocks?

A lot of factors go into picking the best solar stocks. Stock performance can be impacted by factors like market conditions, company decisions and global events. Plus, what may be a strong solar stock investment for one person might not be suitable for another.

That said, we rounded up this list of popular solar stocks in or related to the energy industry to help narrow down your options:

• Brookfield Renewable Partners L-P (BEP-UN)
• Northland Power (NPI)
• Nextpower (NXT)
• First Solar (FSLR)
• Enphase Energy (ENPH)
• SolarEdge Technologies (SEDG)
• Canadian Solar (CSIQ)
• Boralex (BLX)

Keep in mind that this is not a "best" list or a recommendation. It highlights some solar stocks for informational purposes only and does not indicate past or future performance or investment advice. We do not guarantee any investment performance.

We've outlined detailed company and stock performance details for each solar stock below. Keep reading to decide if any of these companies are the right investment for you.

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Brookfield Renewable Partners L-P (BEP-UN)

Brookfield Renewable Partners L. P.

owns a portfolio of renewable power generating facilities in the North America, Colombia, and Brazil.

Closing stock price	C$42.13
Market Capitalization The total market value of Brookfield Renewable Partners L-P's outstanding shares	C$20.5 billion
Gross profit (TTM)	C$3.3 billion
Profit margin	-1.26%
Revenue (TTM)	C$6.4 billion
Earnings per share (TTM)	-C$0.60
52-week stock price range	C$32.64 – C$52.21

All dollar amounts in this table are in CAD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on September 10, 2026.

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Northland Power (NPI)

Northland Power Inc. operates as a power producer in Canada, the Netherlands, Germany, Colombia, Spain, the United States, and internationally. The company produces electricity from renewable resources, such as offshore and onshore wind; solar; natural gas; and battery energy storage for sale under power purchase agreements and other revenue arrangements.

As of December 31, 2025, it owned or had a net economic interest in 3,014 MW of power-producing facilities with a total gross operating capacity of approximately 3,498 MW and a regulated utility.

Closing stock price	C$20.80
Market Capitalization The total market value of Northland Power's outstanding shares	C$5.6 billion
Gross profit (TTM)	C$1.8 billion
Profit margin	-5.51%
Revenue (TTM)	C$2.6 billion
Earnings per share (TTM)	-C$0.56
52-week stock price range	C$15.46 – C$25.18

All dollar amounts in this table are in CAD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on September 10, 2026.

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Nextpower (NXT)

Nextpower Inc. provides solar and energy technology solutions for utility-scale power plants in the United States and internationally. It offers tracking solutions, including NX Horizon, a solar tracking solution; NX Horizon-XTR, a terrain-following tracker to expand the addressable market for trackers on sites with sloped, uneven, and challenging terrain; NX Horizon Hail Pro adds automatic stowing using weather service information; and NX Horizon Low Carbon, a solar tracker solution with a reduced carbon footprint.

The company also provides TrueCapture, an energy yield management system that addresses power production shortfalls; NX Anchor and NX Earth Truss, a solar foundation technology to facilitate solar project development in challenging soil conditions; Truss Driver, an advanced installation equipment; and NX Navigator, which assists solar power plant owners and operators in monitoring, controlling, and protecting their solar projects.

Closing stock price	$85.45
Market Capitalization The total market value of Nextpower's outstanding shares	$13.1 billion
Gross profit (TTM)	$834.3 million
Profit margin	16.36%
Revenue (TTM)	$3.6 billion
Earnings per share (TTM)	$3.87
52-week stock price range	$65.75 – $163.13

All dollar amounts in this table are in USD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on September 7, 2026.

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First Solar (FSLR)

First Solar, Inc., a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally. The company manufactures and sells PV solar modules with thin film semiconductor technology that provides conventional crystalline silicon PV solar modules.

It also designs, manufactures, and sells cadmium telluride solar modules that convert sunlight into electricity.

Closing stock price	$209.03
Market Capitalization The total market value of First Solar's outstanding shares	$22.9 billion
Gross profit (TTM)	$2.4 billion
Profit margin	32.47%
Revenue (TTM)	$5.4 billion
Earnings per share (TTM)	$16.21
52-week stock price range	$182.99 – $320.95

All dollar amounts in this table are in USD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on September 10, 2026.

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Enphase Energy (ENPH)

Enphase Energy, Inc., together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter that converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control.

It also provides microinverter units and related accessories; IQ Battery and related accessories; IQ PowerPack 1500 and related accessories; IQ Combiner, IQ Gateway, and IQ Energy Router; cloud-based monitoring service; and electric vehicle charging solutions, as well as design, proposal, permitting, installation and solar appointment generation services, and Enphase Care services.

Closing stock price	$36.35
Market Capitalization The total market value of Enphase Energy's outstanding shares	$5.1 billion
Gross profit (TTM)	$399 million
Profit margin	10.09%
Revenue (TTM)	$1.3 billion
Earnings per share (TTM)	$1.01
52-week stock price range	$25.78 – $73.74

All dollar amounts in this table are in USD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on September 10, 2026.

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SolarEdge Technologies (SEDG)

SolarEdge Technologies, Inc., together with its subsidiaries, operates as an energy technology company in the United States, Europe, and internationally. The company offers power optimizers and DC-to-AC inverters; Storage Solutions, such as home battery 400V and CSS-OD solution; EV chargers for residential and commercial applications; SolarEdge ONE, an energy optimization system; and cloud-based monitoring platform.

It also provides mySolarEdge app, which enables system owners to track their real-time system production and household energy consumption; SolarEdge Go app, a mobile application for SolarEdge installers, integrating installation, management, and service capabilities; designer platform, a web-based tool; and mapper application for registering the physical layout of new PV sites.

Closing stock price	$34.68
Market Capitalization The total market value of SolarEdge Technologies's outstanding shares	$2.3 billion
Gross profit (TTM)	$283.1 million
Profit margin	-20.29%
Revenue (TTM)	$1.3 billion
Earnings per share (TTM)	-$4.68
52-week stock price range	$28.21 – $81.25

All dollar amounts in this table are in USD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on September 10, 2026.

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Canadian Solar (CSIQ)

Canadian Solar Inc., together with its subsidiaries, provides solar energy and battery energy storage products and solutions in Asia, the United States, Europe, and internationally. It operates through two segments, Manufacturing and Recurrent Energy.

The Manufacturing Segment focuses on manufacturing and selling solar, battery energy storage and other power technology products, and CSI Solar.

Closing stock price	$12.76
Market Capitalization The total market value of Canadian Solar's outstanding shares	$884.7 million
Gross profit (TTM)	$880.2 million
Profit margin	-3.73%
Revenue (TTM)	$5 billion
Earnings per share (TTM)	-$3.72
52-week stock price range	$11.06 – $34.59

All dollar amounts in this table are in USD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on September 10, 2026.

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Boralex (BLX)

Boralex Inc., together with its subsidiaries, engages in the developing, building, and operating power generating and storage facilities in Canada, France, the United States, and the United Kingdom. The company generates electricity from wind, solar, and hydroelectric resources.

As of December 31, 2025, the company operates 107 wind farms; 13 solar power stations; 15 hydroelectric power stations; and 4 battery energy storage systems with an installed capacity of 2,299 megawatts (MW) in North America and 1,484 MW in Europe.

Closing stock price	C$37.24
Market Capitalization The total market value of Boralex's outstanding shares	C$3.8 billion
Gross profit (TTM)	C$679 million
Profit margin	-3.56%
Revenue (TTM)	C$898 million
Earnings per share (TTM)	-C$0.31
52-week stock price range	C$23.23 – C$37.25

All dollar amounts in this table are in CAD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on August 16, 2026.

Compare trading platforms to buy solar stock

Compare special offers, low fees and a wide range of investment options among popular trading platforms in Canada. Note that the dollar amounts in the table below are in CAD.

Related: Compare the best stock trading platforms in Canada

Bottom line

If you're considering adding solar stocks to your portfolio, make sure you thoroughly look into any companies before investing to help mitigate risk. We've compiled a list of solar stocks to help narrow down your options. Then choose a legitimate stock trading platform to start investing. After that it comes down to monitoring the energy industry to know when to buy, sell or hold. How to buy stocks in Canada

Frequently asked questions about solar stocks

• What are solar stocks?

  Solar stocks are shares of companies that either directly work in the solar sector or operate within related industries. Investors interested in buying solar stocks may be looking to take advantage of market trends or lock in investments for the long haul.

• What is the top solar stock to buy in 2026?

  Unfortunately, it's almost impossible to choose a single "top" solar stock to invest in due to factors like market fluctuations, company management and shifting economic trends. These can all change—sometimes overnight—how a stock performs. It's best to do your own research to decide which companies fit within your risk tolerance. Reviewing a company's financial reports and past stock performance can help you decide if it's worth investing in.

• Where can I find information and regular updates about the energy industry?

  You can keep track of the latest energy news and updates by signing up for financial newsletters, visiting financial news sites, reading company investor relations pages and using market research platforms. Many online brokerages also offer sector reports, stock screeners and alerts to help you track movements in your stock performance or updates in or related to the energy industry.

Check these other commodities and investment sectors

If you're thinking about diversifying your portfolio and investing in sectors beyond solar stocks, here are some others you can consider:

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