Top renewable energy stocks to watch in 2026

What are renewable energy stocks?

Renewable energy stocks represent companies that generate power from sustainable sources like solar, wind, hydro and biomass, or those that provide essential equipment, infrastructure and services to this sector.

Unlike traditional energy companies that are reliant on finite resources like coal, oil and natural gas, renewable energy firms focus on using naturally replenishing energy sources.

These companies typically fall into one or more of the following categories:

• Power generators: Companies that produce electricity from renewable sources
• Equipment manufacturers: Firms that create solar panels, wind turbines and other essential components
• Infrastructure developers: Businesses that build and maintain renewable energy facilities
• Technology innovators: Companies developing new solutions to improve efficiency and reduce costs
• Energy storage specialists: Firms creating battery and storage solutions to address intermittency issues

With Singapore's Green Plan 2030 aiming to quadruple solar energy deployment by 2025¹, renewable energy companies will play a crucial role in developing a more sustainable future.

Singapore's renewable energy landscape in 2026

With limited land area, high urban density, and relatively low wind speeds, Singapore has focused primarily on solar power as its most viable renewable energy source².

Singapore's renewable approach

The Singaporean government has implemented several innovative initiatives:

• The SolarNova programme, which aims to deploy solar panels on public housing rooftops³
• Floating solar farms on reservoirs, including the 60 megawatt-peak (MWp) Tengeh Reservoir project⁴
• Cross-border power import projects with Malaysia and Indonesia⁵
• Green financing incentives for sustainable energy projects⁶

For traders and investors in Singapore, this local context provides crucial insight when evaluating renewable energy stocks. Companies that align with Singapore's specific renewable energy needs, particularly in solar, energy storage, and regional grid connectivity, may present particularly relevant opportunities.

Why trade or invest in renewable energy stocks

Renewable energy stocks offer compelling opportunities for both short-term traders and long-term investors. Their unique combination of growth, policy support, and ESG alignment makes them increasingly attractive in today’s market environment.

Growth potential

The renewable energy sector continues to expand rapidly. According to the International Energy Agency (IEA), global renewable capacity is expected to grow by 2,400 gigawatts between 2022 and 2027 — a 30% increase.⁷ For traders, this momentum creates frequent price action and breakout opportunities. For investors, it signals long-term structural growth across solar, wind, and storage technologies.

Government support

Renewables benefit from strong policy tailwinds worldwide. In Singapore, the government aims to quadruple solar deployment by 2025⁸, while globally, clean energy incentives are embedded in legislation like the US Inflation Reduction Act and the EU Green Deal. Traders can capitalise on news-driven volatility, while investors gain confidence from long-term regulatory support.

Technological advances

Innovation continues to drive down costs and improve efficiency. BloombergNEF reports that solar costs have dropped 89% since 2010, making renewables increasingly competitive with fossil fuels.⁹ Traders can benefit from momentum around new product launches, while investors can target companies with defensible technology and scalable platforms.

ESG alignment

For those focused on environmental, social, and governance (ESG) criteria, renewable energy stocks offer a way to align capital with climate goals. Traders may find ESG-themed ETFs and stocks gaining popularity and liquidity, while long-term investors can build portfolios that reflect sustainability values without sacrificing returns.

Diversification benefits

Renewable energy stocks often behave differently from traditional oil and gas companies, offering diversification across sectors and geographies. Traders can hedge energy exposure or rotate between clean tech and conventional energy, while investors benefit from uncorrelated growth drivers tied to global decarbonisation.

Top 5 renewable energy stocks to watch

These five global companies offer exposure to solar, wind, and utility-scale clean energy, with verified earnings and high liquidity. Each is available for CFD trading on IG Singapore, or for investing via the IG Markets Singapore app.

1. NextEra Energy (NYSE: NEE)
 

Sub-sector: Utility-scale wind, solar, and nuclear generation
Market cap: US$193 billion (March 2026)

Latest earnings: NextEra Energy reported Q4 FY2025 net income of US$1.54 billion, up from US$1.20 billion year-on-year (YoY). Earnings per share (EPS) was US$0.73 for Q4 (versus S$0.58 a year prior), while full-year adjusted EPS rose 8.2% YoY to US$3.71. The company added 13.5GW of new renewables and storage to its backlog in 2025, achieving another ‘record year’ of new generation and storage origination. 

Dividend history: Five-year average dividend yield of around 2.5%, with a payout ratio of around 68.7%. NextEra paid out a quarterly dividend of US$0.62 per share on 16 March 2026. This brings the total amount of dividends distributed in FY2025 to US$2.22 per share. 

Business outlook: NextEra expects 2026 adjusted EPS of US$3.92–4.02, building on FY2025’s US$3.71. Management projects 8%+ annual EPS growth through 2032, continuing into 2035, alongside dividend growth of ~10% annually through 2026, then 6% annually from 2026–2028.

Trading data (March 2026):

• Share price (50-day moving average): US$88.58
• Share price (200-day moving average): US$79.96
• Three‑month average daily trading volume: ~9.7 million shares

Analyst stock ratings and share price targets: NEE shares have a majority ‘buy’ rating 68% of analysts rated it as such), based on FactSet insights published on the IG Markets mobile app. The stock also has a 12-month average share price target of S$95.60 per share, indicating that it is trading near its fair value. (18 March 2026).

2. First Solar (NASDAQ: FSLR)
 

Sub-sector: Utility-scale thin-film solar modules
Market cap: US$21.5 billion (March 2026)

Latest earnings: First Solar saw Q4 FY2025 net sales rise by 11.1% YoY to US$1.7 billion, with EPS of US$4.84 (up from US$3.65 a year ago). Total FY2025 net income per share was US$14.21, supported by a contracted backlog of 53.7GW valued at US$16.4 billion. Cash reserves stood at US$2.9 billion, with net cash of US$2.4 billion. Guidance for 2026 projects net sales of US$4.9–5.2 billion and adjusted EBITDA of US$2.6–2.8 billion.

Dividend history: First Solar does not pay dividends, instead reinvesting profits into manufacturing expansion and research and development (R&D).

Business outlook: Management guided Q1 2026 net sales to come in between US$800 million and US$900 million, with EPS expected in the range of US$1.80 to US$2.10. For the full-year of FY2026, management projects US$4.9 billion to US$5.2 billion in net sales and US$2.6 billion to US$2.8 billion in adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA), supported by strong demand for thin‑film modules.

Trading data (March 2026):

• 50-day moving average: US$225.85
• 200-day moving average: US$216.57
• Three‑month average daily volume: ~2.4 million shares

Analyst stock ratings and share price targets: FSLR shares received a ‘buy’ rating by 61% of analysts polled by FactSet, with 37% rating it a ‘hold’, and 3% rating it a ‘sell’. The stock also has an average price target of S$252.10, equating to an upside potential of ~25% in the next 12 months. (18 March 2026)

IG client sentiment: 91% of clients have long positions, with 9% on short. (18 March 2026)

3. Brookfield Renewable Partners (NYSE: BEP)

Sub-sector: Global hydro, wind, solar, and storage assets
Market cap: US$9.6 billion (March 2026)

Latest earnings: Brookfield Renewable Partners reported FY2025 funds from operations (FFO) of US$1.33 billion, or US$2.01 per unit, up 10% YoY. Q4 FFO was US$346 million, or US$0.51 per unit, compared to US$304 million in Q4 FY2024. Net income attributable to unitholders was US$410 million in Q4, versus a net loss of US$9 million a year earlier. Strong performance was driven by hydro generation in Canada and Colombia, growth in distributed energy and storage, and accretive acquisitions including Neoen and Geronimo Power.

Dividend history: Brookfield declared a quarterly distribution of US$0.392 per LP unit, payable on 31 March 2026, representing a 5% YoY increase This brings the annual distribution to US$1.568 per unit, consistent with its long-term target of 5–9% annual growth.

Business outlook: Management highlighted robust demand from hyperscalers, including a Hydro Framework Agreement with Google for up to 3,000MW of hydro capacity, and a strategic partnership with the U.S. Government via Westinghouse to deliver new nuclear reactors. Brookfield expects to deliver ~10GW of new capacity annually by 2027, supported by a pipeline of ~84GW of advanced-stage projects. 

Trading data (March 2026):

• 50-day moving average: US$29.91
• 200-day moving average: US$27.61
• Three‑month average daily trading volume: ~0.57 million units

Analyst stock ratings and share price targets: BEP shares have an overall ‘buy’ call (64% of analysts rated the stock as a ‘buy’) as of 18 March 2026, alongside a 12-month average stock price target of US$44.54 (potential upside of 45%). 

4. Sembcorp Industries (SGX: U96)
 

Sub-sector: Integrated energy and urban solutions
Market cap: S$10.4 billion (March 2026)

Latest earnings: Sembcorp Industries delivered FY2025 underlying group net profit of S$1 billion, on par with FY2024. Reported net profit from continuing operations was S$984 million, down 4% YoY, as gains from the divestment of SembEnviro were offset by foreign exchange losses. Renewables net profit before exceptional items rose 5% YoY to S$192 million, driven by stronger performance from the India portfolio. 

Dividend history: The board proposed a final dividend of S$0.16 per share, bringing total FY2025 dividends to S$0.25 per share, up 9% from FY2024’s S$0.23 per share. Five-year average dividend yield stands at ~2.5%, with a payout ratio of ~41%.

Business outlook: Management highlighted that ~80% of its contracted portfolio in Singapore is locked in for five years or more, providing earnings visibility. With the acquisition of Alinta Energy and a balanced energy portfolio of 28.5GW (including 20.4GW of renewables), Sembcorp is positioned to capture growth opportunities in the energy transition. 

Trading data (March 2026):

• Share price (50-day moving average): S$6.03
• Share price (200-day moving average): S$6.40
• Three‑month average daily trading volume: ~5.1 million shares

Analyst stock ratings and share price targets: Sembcorp Industries stock ratings are split between ‘buy’ (58% of analysts) and ‘hold’ (42% of analysts), based on FactSet data published on the IG Markets mobile app. The stock has an average price target of S$6.77, indicating a potential upside of 11% over the next 12 months. (18 March 2026)

IG client sentiment: 96% of client accounts are long as of 18 March 2026.

5. SolarEdge Technologies (NASDAQ: SEDG)
 

Sub-sector: Smart inverters, energy management, and EV charging
Market cap: US$2.6 billion (March 2026)

Latest earnings: SolarEdge Technologies saw Q4 FY2025 revenue increase by 70% YoY to US$333.8 million. However, GAAP (unadjusted) net loss across the whole of FY2025 fell by 77.6% YoY to US$405.4 million from US $1.81 billion in FY2024. Free cash flow generated at the end of Q4 FY2025 was $43.3 million, an increase from US$22.8 million in the prior quarter.

Dividend history: SolarEdge does not pay dividends, instead reinvesting profits into R&D, product diversification, and global expansion.

Business outlook: Management guided Q1 FY2026 revenue to be in the range of US$290 to US$320 million, with non-GAAP (adjusted) gross margin expected to fall between 20% and 24%. Non-GAAP operating expenses are projected to be between US$88 million and US$93 million.

Trading data (March 2026):

• Share price (50-day moving average): US$35.49
• Share price (200-day moving average): US$31.74
• Three‑month average daily trading volume: ~1.9 million shares

Analyst stock ratings and share price targets: SEDG shares have a majority ‘hold’ rating, with 79% of analysts polled by FactSet rating it so. A further 18% rated it a ‘sell’, with only 4% rating it a ‘buy’. Analysts also foresee a potential stock price decline of 19% over the 12 months. (18 March 2026) 

IG client sentiment: 89% of IG clients are long, while 11% are short on SolarEdge shares. (18 March 2026)

How to trade and invest in renewable energy stocks with IG Singapore

CFD share trading
 

1. Create a live or demo account
2. Find an opportunity among one of our 10,000+ stocks with our  stock screener
3. Click ‘buy’ to go long or ‘sell’ to short
4. Set your position size
5. Take steps to manage your risk
6. Open and monitor your position

Investing
 

1. Open an account via IG Markets Singapore app
2. Search for renewable energy stocks on the app
3. Choose the shares you want to buy
4. Determine how many shares you want to purchase
5. Place your order
6. Monitor your investment and collect any dividends

FAQs about renewable energy stocks

Footnotes

 ¹ SG Green Plan, 2025.
² Energy Market Authority, "Singapore Energy Statistics 2024," Singapore Government, 2024.
³ HDB SolarNova, 2024.
⁴ SIWW Spotlight 2025, "Sembcorp Tengeh Floating Solar Farm,” 2025.
⁵ Energy Market Authority, "Electricity Imports," Singapore Government, 2024.
⁶ Monetary Authority of Singapore, "Green Finance Action Plan," 2024
⁷ IEA, 2022.
⁸ SG Green Plan, 2025.
⁹ Bloomberg NEF, "Energy Transition Investment Trends 2023," January 2023.