Best Renewable Energy Stocks this July 2026 in Canada

Brookfield Renewable Partners stands out as a global leader in green energy, with significant operations in Canada. Offering a dividend yield of 5.00%, it provides investors with an attractive income stream, ranking in the 45th percentile among U.S. dividend-paying stocks. Despite recent 1-year and 5-year returns of -0.64% and -0.60%, respectively, the company maintains strong analyst support, with ratings of Overweight from Wells Fargo and Outperform from Credit Suisse.

Brookfield Renewable Partners L.P. offers a dividend yield of 4.6%, placing it in the 45th percentile among U.S. dividend-paying stocks, with a compound average dividend growth rate of 5.2% over the past five years.

First Solar (FSLR) stands out as a leading renewable energy stock in Canada, specializing in solar technology. With a strong one-year return of 56.56% and a remarkable five-year return of 213.11%, it appeals to investors seeking growth in the clean energy sector. Moreover, the stock is backed by solid analyst ratings, including an "Outperform" from Mizuho and a "Buy" from UBS, reflecting confidence in its future performance.

First Solar projects net sales of $4.9 billion to $5.2 billion for 2026, with adjusted EBITDA expected between $2.6 billion and $2.8 billion.

First Solar's stock dropped 15% after the company reported fourth-quarter earnings per share that missed expectations and provided a weaker revenue forecast for 2026.

First Solar aims to achieve a global annual manufacturing capacity of approximately 25 GW by 2026, with operations in the US, India, Malaysia, and Vietnam.

TransAlta Renewables Inc stands out as a key player in Canada's wind power sector, consistently operating wind turbines nationwide. With a notable dividend yield of 7.23% and a 5-year return of 10.15%, it presents an attractive opportunity for income-focused investors, even as it has faced a 1-year return decline of 11.49%. Analysts maintain a B+ rating on the stock, reflecting a sector perform outlook, which suggests a cautious but stable perspective on its future growth potential.

ReNew Energy Global PLC's stock is declining due to lower-than-expected demand for its clean energy projects, which is likely to affect its revenue.

ReNew Holdings has a consensus rating of 'Strong Buy' from five analysts.

Boralex Inc stands out as a prominent Canadian renewable energy producer, with projects spread across Canada, the US, and France. The stock offers a modest dividend yield of 1.79% and has demonstrated a solid 1-year return of 16.66%, though it has seen a slight decline of 1.47% over the past five years. Analysts have a positive outlook, with several firms maintaining an "Outperform" rating and a price target suggesting a potential increase from the current level of C$36.57.

Analysts have a consensus rating of 'Hold' for BLX, with a price target range of C$37.25, suggesting a potential increase of 1.86% from the current price of C$36.57.

BLX represents Bladex Inc., a multinational bank that finances foreign trade and economic integration in Latin America and the Caribbean.

As of June 18, 2026, BLX has a P/E ratio of 10.01, indicating an increase from its 12-month average of 7.87, suggesting investor expectations of future earnings growth.

Boralex is experiencing profitable growth with initiatives in place to optimize operations and increase operating income and EBITDA.