Invest in the best solar penny stocks today with Interactive Brokers.
Looking for the best solar penny stocks? The day is coming when alternative energy sources will just be called energy sources, and solar has consistently led the charge (pun intended) for alt energy. any up-and-coming companies providing services and technologies to steadily move the industry forward.
The market for solar continues to expand as production costs come down and the practice of using solar becomes mainstream. Analysts predict that solar energy will comprise 60% of the renewable energy market around the world by 2025. Finding up-and-coming companies in an expanding market can lead to exponential gains, and many of those companies may be hiding in penny stock territory.
There is at least enough solar power in the U.S. to run more than 12 million homes, accounting for 1.6% of the total electricity generated in the country. The solar industry now employs more people than oil — coal and natural gas combined — with more than 240,000 workers in the industry. Since the late 2010s, solar seems to finally have capitalized on its potential, first seriously explored in the 1950s.
Many experts consider 2008 a turning point in the solar industry. Although the company Solyndra ultimately failed in 2011, it received a $535 million loan guarantee from the U.S. government’s American Recovery and Reinvestment Act of 2009. This investment of public funds was highly criticized but ultimately represented a change in the way that everyone thought about solar. No longer was it a fringe, sci-fi experiment but a viable investment that could justifiably receive huge amounts of public funds.
