Solar energy: top 7 leading companies in USA

Solar power in recent years developing rapidly, however, its market share is still insignificant.

So, last year in the US solar energy accounted for only 3% of the total electricity generation, according to the energy information Administration of the United States. Thus, solar energy is inferior to other forms of renewable energy such as wind and hydropower.

overall, the solar industry in the United States is estimated at $17 billion, according to the Association of industries of solar energy States (SEIA).

However, experts predict a rise in the number of solar installations. In particular, according to some projections, over the next five years, the total solar capacity will double.

by 2050, experts predict the energy information Administration of the United States, solar energy will account for almost half of total generation from renewable sources in the United States, or about 17% of total energy generation.

Experts told BusinessInsider about 7 companies-leaders in the field of solar generation.

According to experts, these companies in the coming years will be to increase its business.

Vivint Solar

Market cap: $991 million.

What they sell: utilities solar system, batteries, chargers for electric vehicles.

Vivint is the second largest company in the US producing Kommunalnye the solar system.

Sunnova

Market cap: $1.2 billion

What they sell: utilities solar system, Tesla battery Powerwall.

Sunnova went IPO last year. Unlike Vivint, Sunnova will use the local dealers to sell and install their products.

SunPower

Market cap: $1.6 billion

What they are selling: solar systems for utilities and commercial customers, including such companies as Walmart, Toyota, and FedEx.

Since 1985 the company has experienced several major changes. Currently, the company supplies the clients of the solar system. The company’s largest shareholder is French oil company Total.

Sunrun

Market cap: $2.2 billion

What they sell: utilities solar system and batteries.

Sunrun is the largest US company providing utility solar systems to customers, one of the biggest competitors of Tesla.

Enphase Energy

Market cap: $4.5 billion

What they are selling: inverters, which convert electricity generated by solar panels into any form of energy that can be used at home. They also sell software that allows you to track usage and battery life.

the Inverters is an important part of solar systems, and Enhpase is the largest company in America that manufactures them.

First Solar

Market cap: $5.6 billion

What they sell: solar panels. The company also develops and finances the construction of large solar farms.

First Solar was the largest manufacturer of photovoltaic modules in the United States.

Tesla

Market cap: $159.9 billion.

What they sell: utilities solar system, batteries and electric cars.

Tesla has become a leader in the installation of utility solar systems in 2016, when it acquired SolarCity for $2.6 billion But last year, Tesla lost Sunrun and Vivint.