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According to the U.S. Solar Market Insight report for the second quarter of 2021, the U.S. solar market exceeded 100 gigawatts of installed electric generating capacity, thereby doubling the industry’s size over the past 3.5 years. Moreover, the Biden administration’s net-zero carbon emission goals should bolster the industry’s growth further. The global solar energy market is projected to reach $223.3 billion by 2026, registering a 20.5% CAGR.
Thus, Wall Street analysts are hopeful about the upside potential of several fundamentally sound solar stocks. The consensus price targets for Sunrun Inc . (RUN) and Beam Global (BEEM) indicate a potential upside of more than 50% in the coming months.
