The best publicly traded solar panel companies are listed in this article.
Over the next ten years, there will likely be a shift toward using more sustainable, renewable energy, resulting in growth for some of the largest US solar panel suppliers and businesses.
The production of solar panels in the US has advanced significantly over the past ten years, with some businesses failing to succeed while others keep expanding and finding success.
Historically, those who cared about the environment had a tangential interest in solar energy.
It is now a practical option for renovations and new construction.
Solar energy is also gaining popularity to power self-contained systems as more companies and governmental organizations look for renewable energy sources on-site.
The best publicly traded solar panel companies operating today are listed below.
Table of contents
What are Solar Companies?
A solar company is a business that provides engineering, buying, and building of whole solar systems. An EPC business offers a full-service solar installation experience and assistance with continuing system maintenance.
Contrary to popular belief, installing solar panels is a simple operation. Nearly all of the work is handled by your solar provider.
The organization discusses your energy needs before determining your house’s best solar power system. The solar firm coordinates all permits and sets up a convenient installation day. After that, the company conducts final checks.
How can you compare the best solar energy companies in the world?
Being ranked first in the list of solar panel manufacturers does not necessarily mean they offer the highest-quality panels because the rankings are based on the total volume of solar panels the businesses ship.
While some of the smaller manufacturers concentrate on high-end goods, most have achieved success by producing a panel for the high-volume market or concentrating on massive projects.
Despite this, a company’s demonstrated capacity for mass production and sales speaks volumes about the legitimacy of its brand and fosters confidence in both installers and customers.
The capacity to distinguish between them to select the panel that best meets your needs and budget is something you should keep in mind as a solar shopper.
In order to help our customers confidently select a panel and manufacturer, we created our ranking system for solar panel quality.
You can read this: 15 Best Solar Companies In Orange County | 2023 Careers, Location
Where are the best solar panels being made?
East Asia is the straightforward answer to this frequently asked topic, and you’ll see that most of the top ten manufacturers are Chinese because most of the world’s solar panels are made there.
East Asia has emerged as the global centre for solar production, and the most recent development is that businesses outside of China are beginning to succeed, notably Canadian Solar.
However, as we have already stated, the nation of manufacture is not typically the most crucial factor when choosing solar panels.
Instead, most individuals will strike a compromise between price and quality, with the nation of origin of a panel being a less important factor that could be a deal-breaker.
Energy independence is a crucial consideration for some homeowners when deciding which brand of panels they would like to use.
Even though we support American businesses and the continued strength of the US, we do advise consulting your installer and considering their recommendations.
After all, they will have the most current knowledge of the long-term effectiveness, upkeep, and durability of various solar panel brands and the most in-demand models on the market.
What is the best solar company to buy stocks?
- Tata Power Company
- Suzlon Energy
- WAA Solar
- Websol Energy System
What is the biggest solar companies that are public?
In 2022, these are the biggest solar companies that are public:
- #1 JinkoSolar Holding Co. Ltd. ( JKS)
- #2 Canadian Solar Inc. (CSIQ)
- #3 SolarEdge Technologies Inc. ( SEDG)
- #4 First Solar Inc. ( FSLR)
- #5 Sunrun Inc. ( RUN)
- #6 Enphase Energy Inc. ( ENPH)
- #7 SunPower Corp (SPWR)
- #8 Array Technologies Inc. ( ARRY)
What are the 15 Best Publicly Traded Solar Companies in 2023?
Here are the top best publicly traded solar companies.
- First Solar
- NextEra Energy
- Suniva Inc.
- Trina Solar
- Hanwha Q CELLS
- Global Solar
- GreenBrilliance
- SunSpark
- SunPower
- SunPower
- Tesla/Panasonic
- LONGi Solar
- JA Solar
- Tongwei Solar
- Canadian Solar
- JinkoSolar
#1. First Solar
The largest solar manufacturer in the US by capacity is First Solar, established in 1999 and has its headquarters in Arizona.
Its US businesses now have a total capacity of 1.9 GW thanks to the opening of a plant in Ohio. It is not only the only maker of thin-film modules in the US but also the biggest.
It produces cadmium telluride modules, mostly utilized for big utility-scale projects, and is the industry leader in this area.
#2. NextEra Energy
Based in Juno Beach, Florida, NextEra Energy was established in 1925. In addition to selling solar panels, NextEra Energy owns Gulf Power Company and Florida Power & Light Company, two electric utilities in Florida.
Check this: 15 Best Massachusetts Solar Companies | 2023 Careers, Location
#3. Suniva Inc.
The corporate headquarters of Suniva Inc. is located in Norcross, Georgia. Suniva, one of the top American producers of PV solar cells and modules, is renowned for its high efficiency and reasonably priced products.
The business is famous for its top-notch solar products, affordable manufacturing processes, and dependability.
#4. Trina Solar
Trina Solar has its US headquarters in San Jose, California. The company, founded in 1997, manufactures solar modules, wafers, ingots, and cells.
Also, Trina Solar offers a wide range of solar panels and solutions for the various needs of its residential, commercial, and large utility customers.
#5. Hanwha Q CELLS
Hanwha Q CELLS’ facility is near Dalton, Georgia, and costs almost $200 million to build. Many Americans work at the US Q CELLS plant owned by the Hanwha Group, which makes 12,000 solar panels daily.
Additionally, the business assembles Q.PEAK modules in this location using Q.Antum crystalline-silicon solar cells. It is in a close race with First Solar for the top spot, with its factory producing 1,700 MW of solar energy.
#6. Global Solar
The corporate office of Global Solar Energy, Inc. is located in Tucson, Arizona. They started the business in 1996.
Also, they create a thin-film CIGS (Copper Indium Gallium DiSelenide) solar module. Numerous off-grid, residential, and commercial uses are made of panels.
Read this: 15 Best Solar Companies in Houston| 2023 Careers, Location
#7. GreenBrilliance
Sterling, Virginia, is the home of GreenBrilliance. They have been installing solar power electrical systems and supplying solar panel systems to residential and commercial buildings since 2007.
#8. SunSpark
SunSpark Solar Services provide solutions for residential and commercial solar installation.
In addition to only working with LG, SunSpark chooses reliable solar suppliers who create long-lasting products.
To achieve financial and renewable energy goals, the company designs solar systems with the best products for businesses, landlords, and tenants.
#9. SunPower
SunPower Corp., headquartered in San Jose, California, was established in 1985. Residential and business solar panels are among their offerings.
They manufacture some of the industry’s most effective rooftop solar panels. The sunlight conversion rate to electricity for the A-Series and X-Series panels is higher than 22%.
SunPower acquired a division of the insolvent business in 2018 and quickly converted it to produce SunPower solar panels.
Once the plant starts full-scale production in early 2019, its solar panels are anticipated to generate about 220 megawatts annually.
#10. Tesla/Panasonic
Panasonic and Tesla share this because the two businesses collaborate to produce solar energy.
The Buffalo, New York facility manufactures 1,000 MW of solar panels annually.
Tesla bought the Buffalo facility of SolarCity in 2016. Shortly after, Panasonic started producing modules alongside Tesla.
Additionally, it has been stated that the business will eventually produce Solar Glass tiles at this facility; however, development happens in the West.
#11. LONGi Solar
With total assets of over $5.23 billion, LONGi Solar has been concentrating on MONO for 18 years and is the world’s largest provider of monocrystalline silicon wafers (2017). By 2020, it also intends to have a 45 GW monocrystalline wafer production capability.
With cutting-edge technology and years of experience in the monocrystalline silicon industry, LONGi Solar shipped about 6.5GW of products in 2017, with a growth rate of over 100% for three years running.
LONGi Solar is dedicated to offering better LCOE solutions and promoting the widespread use of monocrystalline technology. This is done by emphasizing monocrystalline silicon products’ R&D, production, sales, and marketing.
Also, check this: 15 Best Solar Companies in Tallahassee | 2023 Careers, Location
#12. JA Solar
In 2005, JA Solar was established. The company’s goods are marketed to 135 nations and territories, and its business ranges from silicon wafers, cells, and modules to complete solar power systems.
Based on its consistent technological innovation, good financial standing, and well-established global sales and customer service network, JA Solar has received high recognition as a leading global manufacturer of high-performance PV products from reputable associations in the sector.
They create affordable half-cell solar panels with efficiency levels in the middle, though they outperform most of their mid-range rivals. JA Solar shipped 10.8 GW in 2020.
#13. Tongwei Solar
One of the biggest producers of crystalline silicon solar cells worldwide is Tongwei Solar, which was established in 2009.
The large agricultural product company Tongwei Group’s subsidiary, Tongwei Solar, operates out of four locations in China.
They will ship 12.1 GW of solar panels and cells, both polycrystalline and monocrystalline, in 2020.
#14. Canadian Solar
Canadian Solar (NASDAQ: CSIQ), an international energy supplier with successful commercial operations in 20 nations and regions on six continents, was founded in Ontario, Canada, in 2001.
With more than 14,000 people worldwide, Canadian Solar is a major producer of solar PV modules and a supplier of solar energy solutions.
In the past 20 years, Canadian Solar has delivered more than 55GW of high-quality solar modules to customers in more than 150 countries thanks to its state-of-the-art manufacturing facilities in Canada, China, Brazil, and Southeast Asian nations.
Canadian Solar has commercially operating solar power plants and projects with a resale value of US$1.2 billion.
#15. JinkoSolar
One of the biggest and most creative producers of solar modules worldwide is JinkoSolar (NYSE: JKS).
To a diverse international utility, commercial, and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, and other nations and regions, JinkoSolar distributes its solar products and sells its solutions and services.
As of March 31, 2020, JinkoSolar had established a vertically integrated value chain for solar products, with an integrated yearly capacity of 17.5 GW for mono wafers, 10.6 GW for solar cells, and 16 GW for solar modules.
Frequently Asked Questions
LONGi Solar, Tongwei, JA Solar, Aiko Solar, Trina Solar, JinkoSolar, Canadian Solar, Zhongli, Suntech, and First Solar are the world’s top 10 solar panel manufacturers by shipment capacity.
As was already mentioned, China is the world’s biggest producer of solar panels. Market share for the country peaked in 2017 at 51%, but it has since dropped to just 27% in 2019; this suggests that new nations are producing and installing solar panels faster in a short time. According to the most recent data, Shanghai, China-based JinkoSolar had the highest production rate.
You want to ensure that the installer you choose is a reputable business with a proven track record, all the necessary state-issued licenses and certifications, and the know-how to design a solar panel system that meets your needs.
The majority of solar panel manufacturers don’t also install the panels. The two largest solar installation businesses in the United States are Tesla and Sunrun, and Tesla also produces solar panels here.
Read this: Top 10 Solar System Companies in the World in 2023
Conclusion
Being rated first only sometimes implies that a company is offering the highest-quality solar panels, as solar panel manufacturer rankings are frequently dependent on the overall number of solar panels sold by a company.
Most larger firms have expanded by either producing panels for the large-volume market or focusing on large-scale projects. However, several small producers are noted for their high-quality products.
A company establishes credibility by being able to manufacture and sell a significant number of its products, winning over both installers and customers.
To choose the ideal solar panel for you, within your means and tailored to your particular requirements, you must be able to distinguish between them.
References
Recommendation
