Best Renewable Energy Stocks this May 2026

First Solar stands out as a leading solar panel manufacturer, strategically positioned to capitalize on rising demand and decreasing costs in the U.S. market. With a remarkable 1-year return of 39.65% and a 5-year return of 119.12%, the stock shows strong potential, supported by analysts who have set a median 12-month price target of $263.00, indicating about 24.72% upside from current levels.

First Solar (FSLR) has a consensus rating of Moderate Buy, with an average price target of $241.13, indicating a potential upside of 24.72% based on 14 buy ratings, 9 hold ratings, and 1 sell rating.

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

Solar Industries (SIL) is expected to perform well due to strong demand from the coal and infrastructure sectors, with a target valuation of ₹4775 based on a P/E ratio of 38x for FY25 earnings.

NextEra Energy stands out as the largest renewable energy producer in the U.S., boasting a diversified portfolio of solar and wind assets that positions it for long-term growth. With a solid 1-year return of 44.51% and a reliable dividend yield of 2.48%, it's an attractive option for investors focused on sustainability and stability. Analysts maintain an optimistic outlook with a median 12-month price target of $92.50, reflecting confidence in the company's strong financial performance and ongoing growth trajectory.

NextEra Energy's revenue increased by 20.7% year-over-year, with earnings per share of $0.53 last year. Analysts project an earnings per share of $4.01 for the current fiscal year.

NextEra Energy expects adjusted earnings per share for 2026 to be between $3.92 and $4.02, aiming for the higher end of that range.

The Zacks Consensus Estimate predicts earnings per share growth of 7.82% for 2026 and 8.98% for 2027 for NextEra Energy.

Clearway Energy stands out as a solid renewable utilities operator, boasting a dividend yield of 4.72% and impressive returns of 37.49% over the past year. Analysts recognize its undervalued potential in clean energy, with a median 12-month price target of $41.50, reflecting a positive outlook on its financial stability and consistent dividend growth over the past seven years.

33% of analysts recommend a Strong Buy, 50% recommend Buy, and 17% suggest Holding, indicating a generally positive outlook.

The average stock price forecast for Clearway Energy in 2026 is $40.57, with a high of $45.00 and a low of $34.00, according to 9 analysts.

Clearway Energy has increased its dividends for 7 consecutive years, indicating strong financial stability and a commitment to consistent dividend payments.

Clearway Energy's main competitors include Brookfield Renewable (BEPC), NextEra Energy (NEE), Venture Global (VG), and Cheniere Energy Partners (CQP).

Brookfield Renewable stands out as a diversified renewable power producer, appealing to investors looking for sustainable energy assets. With a solid dividend yield of 3.54% and a one-year return of 43.90%, it offers reliable income alongside growth potential. Analysts have set a median price target of $36.00, reflecting cautious optimism, with half recommending a buy while others suggest holding or selling.

Currently, 0% of analysts recommend a Strong Buy for BEPC, 50% recommend Buy, 25% suggest Holding, and 25% advise Selling.

The average twelve-month price target for BEPC is $39.75, with a forecasted downside of -0.55% from the current price of $39.97.

Brookfield Renewable Corporation is considered a good investment, as it was held by 25 hedge funds at the end of Q4 2025, ranking it among the top wind and solar stocks.

Brookfield Renewable Corp has achieved a compound annual growth rate (CAGR) of 8% over the last 7 years, with a projected CAGR of 24% for the next 3 years.