The top seven global solar panel manufacturers are mostly (though not exclusively) Chinese. Miles ahead of the pack is Tongwei Solar, exporting 38.1GWp in 2022, closely followed by JA Solar, AIKO, LONGi, JinkoSolar, Canadian Solar, and Trina Solar. Each manufacturer brings unique strengths to the industry table.
Solar companies are in a growth period, thanks to financial incentives in the Inflation Reduction Act of 2022. NextEra Energy, First Solar, and Enphase Energy are the top three solar companies, based on market cap. List leader NextEra Energy had a market cap of $151.19 billion as of June 2024. 1. NextEra Energy (NEE)
10. Sunrun Inc. (RUN) Sunrun Inc., develops, manufactures, sells, installs, and maintains solar energy systems. Its products range from rooftop panels and batteries for homes to large-scale energy projects and are installed in more than 900,000 homes.
SunPower Since its establishment in 1985, SunPower has been at the forefront of the solar energy industry. Operating in all 50 states, the company established Maxeon, its solar panel manufacturing arm, offering four lines of highly efficient monocrystalline solar panels with efficiency ratings surpassing 20%.
Sharp is another Japanese solar panel manufacturer and one of the best solar panels manufacturers and electronics corporations in the world. Also, having started the development of solar cells in 1959, it is one of the oldest companies to invest in solar energy.
Among those listed on the Nasdaq or New York Stock Exchange, the U.S.-based NextEra Energy is currently the largest solar company in the world by market cap. What Is the Fastest-Growing Solar Company?