Renewables to Contribute More to Electricity: MAXN, NXT, FSLR to Gain?

Industry Overview - The urgent need to combat greenhouse gas emissions is accelerating the shift from fossil fuels to renewable energy, creating significant investment opportunities [1] - The U.S. solar industry is expected to experience substantial growth due to declining costs and supportive policies, particularly in solar panel manufacturing and rooftop installations [1] Market Projections - According to the U.S. Energy Information Administration (EIA), renewables are projected to account for 25% of U.S. electricity generation in 2025, up from an estimated 23% in 2024 [3] - Coal's share of electricity generation is expected to remain unchanged, while coal-fired power plant retirements are projected to rise to 11 GW in 2025 [4] Company Highlights Maxeon Solar Technologies Ltd. (MAXN) - Maxeon Solar focuses on advanced solar panels and energy solutions, aiming to combat global warming and enhance solar energy accessibility [5] - The company anticipates an 87% growth in its bottom line by 2025, supported by local manufacturing to strengthen market presence and supply chain reliability [5] Nextracker (NXT) - Nextracker specializes in solar trackers that optimize electricity generation by allowing solar panels to follow the sun [6] - The company is involved in major projects and has secured partnerships with key players, positioning it for growth in 2025 [6] First Solar (FSLR) - First Solar provides eco-efficient solar modules and has a strong market position with a contracted backlog of 73.3 GW and an opportunity pipeline of 81.4 GW [7] - The company is expected to see earnings growth of over 50% in 2025, driven by robust demand for its advanced thin-film photovoltaic technology [7]