Best Solar Penny Stocks

Invest in the best solar penny stocks today with Interactive Brokers.

Looking for the best solar penny stocks? The day is coming when alternative energy sources will just be called energy sources, and solar has consistently led the charge (pun intended) for alt energy. any up-and-coming companies providing services and technologies to steadily move the industry forward.

The market for solar continues to expand as production costs come down and the practice of using solar becomes mainstream. Analysts predict that solar energy will comprise 60% of the renewable energy market around the world by 2025. Finding up-and-coming companies in an expanding market can lead to exponential gains, and many of those companies may be hiding in penny stock territory.

Best Solar Penny Stocks Right Now

Overview: Solar Penny Stocks

There is at least enough solar power in the U.S. to run more than 12 million homes, accounting for 1.6% of the total electricity generated in the country. The solar industry now employs more people than oil — coal and natural gas combined — with more than 240,000 workers in the industry. Since the late 2010s, solar seems to finally have capitalized on its potential, first seriously explored in the 1950s.

Many experts consider 2008 a turning point in the solar industry. Although the company Solyndra ultimately failed in 2011, it received a $535 million loan guarantee from the U.S. government’s American Recovery and Reinvestment Act of 2009. This investment of public funds was highly criticized but ultimately represented a change in the way that everyone thought about solar. No longer was it a fringe, sci-fi experiment but a viable investment that could justifiably receive huge amounts of public funds.

The industry expanded in the years following with many private and public energy companies redirecting efforts partially into solar. The competition generated a period of accelerated innovation and drove costs down. The average person began to seriously consider solar as an energy source for residential and commercial property, a trend that continues to expand to this day. Government initiatives like the solar Investment Tax Credit encouraged more people to use solar to save energy while new standards like the Paris Agreement incentivized government officials to seek new ways of producing energy.

Solar is also benefitting from a move away from traditional energy sources. The worse opinion that people have of petroleum the more solar investors benefit. There is a marked political divide about energy in the U.S., with many jurisdictions making it a point to move into alternative energy to avoid the controversy. The 6 major oil companies seem to see the writing on the wall — they have all begun to invest in alternative energy sources, including solar.

Many of the best penny stocks in solar now specialize in furnaces, cooking, distillation, water heating, agricultural drying, electric power generation and solar pumping. The industry as a whole has experienced an average annual growth rate of nearing 50% since 2000.

Best Online Brokers for Solar Penny Stocks

The broker that you choose will make a significant difference in your portfolio performance. If you’re dealing with penny stocks, you need a broker with lightning-fast execution. You also need brokers who specialize in this subsection of the market — not all brokers will connect you with over-the-counter (OTC) stocks.

Compare the brokers below to find the best solution for you. Take advantage of virtual accounts to learn how to trade penny stocks before risking actual money. 

Walking on the Sun

For all of the advancements in the industry, solar power is still very much speculative. Don’t come here looking for a smooth ride — come for the big possibilities and to watch a developing industry come into its own. Though larger companies like sunrun (NASDAQ: RUN) are attempting to dominate the space, there is simply too much market for one company to cover. 

Not all solar stocks are what they seem, but there is plenty of opportunity in the industry. Having a good look around the solar penny stock market is a smart way to introduce yourself to these opportunities.

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