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Philip van Doorn

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Oct. 23, 2021, 10:03 a.m. EDT

20 favorite alternative-energy stocks with expected upside of up to 102%

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By Philip van Doorn

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  • Invesco Solar ETF /zigman2/quotes/210041821/composite TAN +0.38%

  • First Trust Nasdaq Clean Edge Green Energy Index Fund /zigman2/quotes/205893823/composite QCLN -0.57%

  • ALPS Clean Energy ETF /zigman2/quotes/204291195/composite ACES +0.40%

  • First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index ETF /zigman2/quotes/201178568/composite GRID -0.75%

Click the tickers for more information about each ETF — they follow varied strategies. Click  here  for Tomi Kilgore’s detailed guide to the wealth of information available for free on MarketWatch’s quote page.

3. A shorter-term view

Another way to consider individual alternative-energy stocks is to think shorter-term and look at investment analysts’ ratings. The ratings are generally based on 12-month price targets. One year is a short period for serious long-term investors, but the 12-month price target is a long tradition for analysts that work for brokerage firms and for the financial media.

First, to see just how volatile the alternative-energy industries can be, take a look at this 2021 total-return chart for the Invesco Solar ETF:

And now the two-year chart:

There’s tremendous support for alternative-energy stocks, but also plenty of volatility.

Going back to the five alternative-energy ETFs, if we look at their portfolios and remove duplicates, we have a list of 203 stocks, with 144 covered by at least five analysts polled by FactSet. Among these, 52 are rated “buy” or the equivalent by at least 75% of analysts.

Here are the 20 screened alternative-energy stocks with the highest 12-month upside potential implied by consensus price targets. Share prices and target prices are in local currencies:

Company Share “buy” ratings Closing price – Oct. 19 Consensus price target Implied 12-month upside potential Country Held by
FTC Solar Inc. /zigman2/quotes/226387844/composite FTCI 88% 6.76 13.63 102% U.S. QCLN
Lion Electric Co. /zigman2/quotes/221559284/composite LEV 75% 11.39 20.19 77% Canada QCLN
Lightning eMotors Inc. /zigman2/quotes/218421281/composite ZEV 86% 8.02 13.57 69% U.S. ACES
Niu Technologies ADR Class A /zigman2/quotes/206773348/composite NIU 100% 25.28 42.65 69% China WCLN
Azure Power Global Ltd. /zigman2/quotes/200585653/composite AZRE 100% 23.35 36.75 57% India ICLN
Centrais Eletricas Brasileiras S.A.-Eletrobras ADR /zigman2/quotes/201045521/composite EBR 86% 7.06 10.97 55% Brazil ICLN
Albioma /zigman2/quotes/203845261/delayed FR:ABIO 100% 33.22 51.48 55% France ICLN
Renewable Energy Group Inc. /zigman2/quotes/207492840/composite REGI 86% 54.78 82.38 50% U.S. ICLN
Grenergy Renovables S.A. /zigman2/quotes/208210688/delayed ES:GRE 86% 31.00 46.40 50% Spain TAN
Nio Inc. ADR Class A /zigman2/quotes/204905836/composite NIO 90% 40.03 59.50 49% China QCLN
Nordex SE /zigman2/quotes/201472194/delayed XE:NDX1 80% 14.97 22.19 48% Germany ICLN
CS Wind Corp. /zigman2/quotes/202122112/delayed KR:112610 100% 71,700.00 104,333.34 46% South Korea ICLN
Sunrun Inc. /zigman2/quotes/205021014/composite RUN 86% 51.62 73.53 42% United States ICLN
MasTec Inc. /zigman2/quotes/207965492/composite MTZ 92% 86.87 123.58 42% U.S. GRID
Daqo New Energy Corp. ADR /zigman2/quotes/206327009/composite DQ 77% 71.90 97.54 36% China ICLN
Meyer Burger Technology AG /zigman2/quotes/209534923/delayed CH:MBTN 86% 0.46 0.62 35% Switzerland ICLN
Engie S.A. /zigman2/quotes/207568496/delayed FR:ENGI 94% 11.82 15.85 34% France GRID
Xinyi Energy Holdings Ltd. /zigman2/quotes/203873508/delayed HK:3868 100% 4.72 6.29 33% China ICLN
Doosan Fuel Cell Co. Ltd. /zigman2/quotes/214640156/delayed KR:336260 100% 51,400.00 68,014.50 32% South Korea ICLN
Sunnova Energy International Inc. /zigman2/quotes/213414922/composite NOVA 89% 40.41 52.72 30% U.S. ICLN
Source: FactSet

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/zigman2/quotes/210041821/composite
US : U.S.: NYSE Arca
$ 63.98
+0.24 +0.38%
Volume: 2.23M
Jan. 24, 2022 3:40p
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/zigman2/quotes/205893823/composite
US : U.S.: Nasdaq
$ 55.87
-0.32 -0.57%
Volume: 813,406
Jan. 24, 2022 3:40p
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/zigman2/quotes/204291195/composite
US : U.S.: NYSE Arca
$ 52.47
+0.21 +0.40%
Volume: 132,408
Jan. 24, 2022 3:39p
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/zigman2/quotes/201178568/composite
US : U.S.: Nasdaq
$ 92.66
-0.70 -0.75%
Volume: 119,650
Jan. 24, 2022 3:38p
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/zigman2/quotes/226387844/composite
US : U.S.: Nasdaq
$ 4.15
+0.03 +0.85%
Volume: 1.05M
Jan. 24, 2022 3:40p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$349.29 million
Rev. per Employee
$1.05M
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/zigman2/quotes/221559284/composite
US : U.S.: NYSE
$ 7.96
-0.06 -0.75%
Volume: 1.26M
Jan. 24, 2022 3:39p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.52 billion
Rev. per Employee
N/A
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/zigman2/quotes/218421281/composite
US : U.S.: NYSE
$ 4.81
+0.16 +3.56%
Volume: 1.06M
Jan. 24, 2022 3:40p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$347.79 million
Rev. per Employee
N/A
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/zigman2/quotes/206773348/composite
US : U.S.: Nasdaq
$ 13.72
-0.57 -3.99%
Volume: 1.35M
Jan. 24, 2022 3:40p
P/E Ratio
29.99
Dividend Yield
N/A
Market Cap
$1.09 billion
Rev. per Employee
$837,503
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/zigman2/quotes/200585653/composite
US : U.S.: NYSE
$ 14.34
+0.15 +1.06%
Volume: 417,274
Jan. 24, 2022 3:40p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$910.45 million
Rev. per Employee
$479,205
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/zigman2/quotes/201045521/composite
US : U.S.: NYSE
$ 6.10
-0.10 -1.53%
Volume: 1.22M
Jan. 24, 2022 3:40p
P/E Ratio
8.03
Dividend Yield
11.44%
Market Cap
$9.81 billion
Rev. per Employee
$444,849
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/zigman2/quotes/203845261/delayed
FR : France: Euronext Paris
33.06
-2.68 -7.50%
Volume: 158,319
Jan. 24, 2022 5:35p
P/E Ratio
19.73
Dividend Yield
2.42%
Market Cap
€1.13 billion
Rev. per Employee
€864,200
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/zigman2/quotes/207492840/composite
US : U.S.: Nasdaq
$ 41.10
+1.47 +3.71%
Volume: 480,318
Jan. 24, 2022 3:40p
P/E Ratio
10.71
Dividend Yield
N/A
Market Cap
$1.99 billion
Rev. per Employee
$3.24M
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/zigman2/quotes/208210688/delayed
ES : Spain: Madrid
25.65
-1.15 -4.29%
Volume: 50,349
Jan. 24, 2022 5:38p
P/E Ratio
36.71
Dividend Yield
N/A
Market Cap
€735.35 million
Rev. per Employee
€389,734
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/zigman2/quotes/204905836/composite
US : U.S.: NYSE
$ 24.66
-2.69 -9.84%
Volume: 85.16M
Jan. 24, 2022 3:40p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$44.81 billion
Rev. per Employee
N/A
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/zigman2/quotes/201472194/delayed
XE : Germany: Xetra
12.55
-0.89 -6.62%
Volume: 2.19M
Jan. 24, 2022 6:30p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
€2.15 billion
Rev. per Employee
€637,923
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/zigman2/quotes/202122112/delayed
KR : S. Korea: KRX
55,200.00
-3,500 -5.96%
Volume: 333,487
Jan. 24, 2022 3:30p
P/E Ratio
46.68
Dividend Yield
1.09%
Market Cap
₩2475.46 billion
Rev. per Employee
₩11.88B
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/zigman2/quotes/205021014/composite
US : U.S.: Nasdaq
$ 26.80
+0.89 +3.43%
Volume: 9.80M
Jan. 24, 2022 3:40p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$5.36 billion
Rev. per Employee
$175,898
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/zigman2/quotes/207965492/composite
US : U.S.: NYSE
$ 88.69
-0.16 -0.18%
Volume: 567,951
Jan. 24, 2022 3:40p
P/E Ratio
17.83
Dividend Yield
N/A
Market Cap
$6.60 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/206327009/composite
US : U.S.: NYSE
$ 38.85
-1.68 -4.15%
Volume: 2.90M
Jan. 24, 2022 3:40p
P/E Ratio
4.36
Dividend Yield
N/A
Market Cap
$2.96 billion
Rev. per Employee
$807,474
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/zigman2/quotes/209534923/delayed
CH : Switzerland: SWX
CHF 0.32
-0.03 -9.25%
Volume: 27.44M
Jan. 24, 2022 5:31p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
CHF922.99 million
Rev. per Employee
CHF94,577
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/zigman2/quotes/207568496/delayed
FR : France: Euronext Paris
13.17
-0.37 -2.76%
Volume: 9.06M
Jan. 24, 2022 5:35p
P/E Ratio
40.65
Dividend Yield
4.02%
Market Cap
€32.74 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/203873508/delayed
HK : Hong Kong
$ 4.11
-0.10 -2.38%
Volume: 2.78M
Jan. 24, 2022 4:08p
P/E Ratio
26.20
Dividend Yield
3.87%
Market Cap
$29.93 billion
Rev. per Employee
$8.85M
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/zigman2/quotes/214640156/delayed
KR : S. Korea: KRX
39,600.00
-1,500 -3.65%
Volume: 370,726
Jan. 24, 2022 3:30p
P/E Ratio
839.82
Dividend Yield
N/A
Market Cap
₩2865.35 billion
Rev. per Employee
₩999.76M
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/zigman2/quotes/213414922/composite
US : U.S.: NYSE
$ 21.22
+0.93 +4.58%
Volume: 3.26M
Jan. 24, 2022 3:40p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.28 billion
Rev. per Employee
$545,069
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