Top Alternative Energy Stocks for Q3 2022

The alternative energy sector is comprised of companies that engage in the generation, distribution, and sale of renewable and clean energy, as well as related products and services. Examples of alternative energy sources include solar, wind, hydroelectric, and geothermal. The growing list of names in the sector includes companies like Israel-based SolarEdge Technologies Inc., Brazil-based Companhia Energetica de Minas Gerais, and First Solar Inc.

Alternative energy stocks, as represented by the iShares Global Clean Energy ETF (ICLN), have underperformed the broader market, posting a total return of -11.4% compared to the Russell 1000’s total return of -8.9% over the past 12 months. These market performance numbers and all statistics in the tables below are as of June 10, 2022.

Here are the top three alternative energy stocks with the best value, the fastest growth, and the most momentum.

These are the alternative energy stocks with the lowest 12-month trailing price-to-earnings (P/E) ratio. Because profits can be returned to shareholders in the form of dividends and buybacks, a low P/E ratio shows you’re paying less for each dollar of profit generated.

Best Value Alternative Energy Stocks
  Price ($) Market Cap ($B) 12-Month Trailing P/E Ratio
Daqo New Energy Corp. (DQ) 62.22 4.6 4.0
Excelerate Energy Inc. (EE) 27.23 0.7 10.5
Iberdrola SA (IBDRY) 43.73 68.4 16.4

Source: YCharts

  • Daqo New Energy Corp.: Daqo New Energy is a China-based solar energy company that manufactures polysilicon for sale to manufacturers of solar cells and modules. The company also manufactures photovoltaic wafers. Daqo reported earnings for Q1 2022 on April 21. Net income attributable to shareholders surged by over sixfold while revenues quintupled year-over-year (YOY). This performance was driven in part by a jump in polysilicon sales volume.
  • Excelerate Energy Inc.: Excelerate Energy is a liquified natural gas (LNG) company. It offers regasified natural gas delivery, storage,…

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