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Solar Stocks Offer a Huge Upside Potential for 2019

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Dec. 28 2018, Updated 7:31 a.m. ET

Analysts’ target prices

First Solar (FSLR) stock offers a potential upside of 58% going forward—compared to its current market price of $40.5. Wall Street analysts have given First Solar a median target price of $64.1. Analysts trimmed First Solar’s target price last week. Morgan Stanley cut First Solar’s target price from $61.0 to $56.0 on December 12. UBS cut First Solar’s target price from $85.0 to $73.0.

The above chart shows how analysts view solar companies. Analysts appear to be cautious on most of the solar stocks.

SunRun (RUN) has a median target price of $16.8—compared to its current market price of $10.9, which indicates a potential upside of 54% for the next 12 months. Wall Street analysts appear to be positive on SunRun. Among the analysts tracking SunRun stock, 66% of the analysts recommended a “buy.”

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SunPower

Analysts expect 67% upside potential in SunPower (SPWR) stock compared to its current market price of $8.5. SunPower has a median target price of $5.07 for the next year.

Canadian Solar (CSIQ) stock has an estimated upside of 20% considering analysts’ median target price of $17.1. Currently, Canadian Solar is trading at $14.3.

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