Top 20 Solar Engineering Companies in the USA 0

Solar energy has been developing quite rapidly in recent years, however, its market share is still insignificant.

So, last year in the US, solar energy accounted for only 3% of total electricity generation, according to the US Energy Information Administration. Thus, solar energy is inferior to other types of renewable energy, such as wind and hydroelectric power.

Overall, the US solar industry is valued at $17 billion, according to the US Solar Energy Industries Association (SEIA).

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

And by 2050, the US Energy Information Administration predicts, solar energy will account for almost half of all renewable energy generation in the US or about 17% of all electricity generation.

Renewable energy is gaining more and more attention around the world – America has one of the highest energy needs in the entire world and therefore is at the forefront of renewable energy research, development, and implementation. Infrastructure engineering companies and engineering marketplaces are in this case becoming more and more popular. The question “how to hire a world-class engineer” isn’t an issue anymore.

Solar or photovoltaic power is one of the fastest-growing sources of energy, which is why there are more and more solar power developers around the world and in the US. Solar energy is an important and highly relevant area, and many US solar energy developers are active around the world and have a lot of experience.

LS Power

LS Power is one of the first developers of solar panels in the US and, therefore, one of the largest players in this field. Founded in 1990, this New York-based company has developed, built, operated, and purchased over 45,000 MW of solar energy across America, primarily in North America. While their portfolio consists of a variety of renewable energy sources such as wind, hydroelectric, and hydropower, as well as energy storage, solar energy is the backbone of LS Power’s operations.


The Dallas-based renewable energy developer was founded in 2002 and has since specialized in the development of renewable energy for utilities and independent power producers. Since then, Texas-based Amshore has developed more than 2.7 GW of projects, primarily in Texas, Oklahoma, and New Mexico.


The name says it all: Sunlight is a New York-based solar energy developer that not only develops but also finances, owns, and operates solar power plants. Geographically, Sunlight is focused on the northeastern United States and has developed more than 130 sites with a total capacity of 50 MW since 2009. One of the company’s most important businesses is the public sector, where the New York-based solar energy developer offers PPAs to various public organizations. Through its “Community solar” project, Sunlight offers affordable local solar energy for long-term energy savings.

Crossover Energy

Crossover Energy is an American solar energy developer based in Scottsdale, Arizona. The company is actively involved in the development of projects, their organization, and structuring, as well as project ownership. Crossover is one of the “industry-leading developers of solar cells and storage” and is therefore very significant in the US solar energy market. Solar energy holds the largest share of their portfolio of projects, with over 10.5 GW undersigning or development.

BrightSource Energy

BrightSource Energy is a solar thermal technology company founded in 2006 and based in Oakland, California. With currently 5 active solar thermal plants, BrightSource Energy has successfully developed projects around the world. As the company strives to be as environmentally conscious as possible, project sites are carefully selected to minimize environmental impact.

Dominion Energy

Dominion Energy is one of the market leaders in the development of solar power plants and operates in 18 states of North America. The Richmond-based company owns the 3rd largest solar park in the US and has an ambitious 15-year plan to grow from its current 369 MW to 16,000 MW by 2035. Dominion already has solar parks in 10 states and plans to expand its portfolio.

SolarWorld Plant

At the end of September 2008, Sanyo Electric Company, Ltd announced its decision to build a solar ingot and woven fabric (the building blocks for silicon solar cells) plant in Salem, Oregon. The plant was scheduled to start operations in October 2009 and reach a full production capacity of 70 megawatts (MW) of solar power per year by April 2010. In April 2013, the plant closed its operating operation. In February 2016, the parent company, Panasonic, announced that it would lay off 37% of its remaining workforce. In early October 2008, First Solar, Inc. broke through to expand its Perri, planned to add enough capacity to produce another 57 MW per year of solar modules at the site, bringing its total capacity to 192 MW per year. In November 2016, the company reduced the workforce at the Perr plant by 20% as part of the global capturing. In mid-October 2008, SolarWorld AG opened a manufacturing plant in Oregon. In 2016, the Rosborough plant was the largest photovoltaic technology plant in the Western Hemisphere. It supports 500 megawatts of cell manufacturing power and 350 MW of module assembly power.

The rapid decline in camera trap prices halted a planned GE factory in Colorado and bankrupted Konarka Technologies, which expected to produce 1,000 MW of solar modules a year by 2011, and Solyndra, which defaulted on its original $535 million loan guarantee, prompting Republican members of the Committee on Energy and Trade to vote for the acceptance of new applications for the production of TExExas. Starting with a solar “ink” developed at the Department of Energy’s National Renewable Energy Laboratory that is deposited with inkjets, HelioVolt uses a proprietary “printing” process to produce solar cells from these gum indium selenide, or CIGS, films. The technology received the R&D 100 Award in 2008 and it earned the Editor’s Choice award. The HelioVolt reactive transfer printing process is 10-100 times faster than other CIGS manufacturing processes and can also be combined with vacuum evaporation or ultrasonic y depot methods. At the new Austin plant, HelioVolt plans to produce both solar modules and next-generation building-integrated solar products using the FEU process.

NextEra Energy Partners

NextEra Energy Partners owns wind farms and solar power facilities in the US, as well as natural gas infrastructure facilities in Texas and Pennsylvania.

NextEra Energy Partners has a fairly stable cash flow to support dividends with an annualized yield of around 3.4%. At the same time, the company expects to increase the already attractive payments by 12-15% per year until at least 2024.

NEP shares have risen nearly 45% over the past 12 months but are down after a sharp rise earlier in the year due to a winter storm in Texas that hit many energy companies.

Today, NextEra Energy shares are trading 15.5% below their January highs and this could be a good time to buy them at a discounted price.

Array Technologies

Array Technologies is one of the world’s largest manufacturers of ground-mounted systems used in solar energy projects.

The company manufactures and sells a system of motors, gearboxes, and support panels for solar panels to change their angle of inclination following the movement of the sun. Unlike a fixed mount, this tracker system creates the perfect angle to the sun throughout the day. While these systems are more expensive, they pay for themselves over time in higher efficiency.

While Array Technologies shares have a place in Goldman Sachs’ portfolio, investors should weigh the current short-term risks and perhaps wait a bit to buy.

Due to a less diversified business, Array Technologies’ shares have suffered the most this year as investors weigh the risks of solar’s seasonality.

After strong growth since the beginning of the year, Array Technologies shares have lost more than 60%.

174 Power Global

174 power global is an Irvine-based solar energy company owned by Hanwha Energy Corporation. Founded in 2017, the company has approximately 2 GW of power purchase agreements and over 8 GW of (solar) projects under development, for a total of 10 GW in their portfolio. For commercial and utility projects, the solar energy developer operates primarily in the US, predominantly in New York State, with one project in Mexico. The company is also currently exploring the field of green hydrogen production.

Pivot Energy

Pivot Energy is a Denver-based solar energy developer and operates in both “communal solar” and “commercial solar” industries. Community solar offers a variety of private sector services with a focus on making environmental benefits accessible to everyone. In the “commercial solar energy” sector, Pivot offers various turnkey services such as project financing or system financing. In the 12 years since its founding, Pivot energy has completed approximately 830 projects across the United States. In addition to developing solar energy, Pivot is also active in the energy storage sector.


Sunrun (RUN) is engaged in the design, development, installation, and maintenance of solar panels. Also among the products, there are racks and batteries. The base has almost 500 thousand clients, the main ones are homeowners.

The company was founded in 2007. Capitalization is $10.6 billion.

In October 2020, the company acquired Vivint Solar, which brings together two of the world’s largest producers of residential solar energy. The result was the largest consumer-oriented solar panel company in the United States.

Shoals Technologies Group


Shoals Technologies Group (SHLS) provides Electric Balance Systems (EBOS) solutions for solar energy projects. EBOS is needed to transfer the electrical current produced by solar panels to the inverter and to the power grid.

The company offers EBOS components: cable assemblies, built-in fuses, recombiners, wireless monitoring systems, junction boxes, adapter cases, and junction boxes.

Among the clients are engineering and construction companies implementing projects in the field of solar energy.

The company was founded in 1996. The capitalization is $5 billion. The IPO on the Nasdaq exchange took place on January 26.

Enphase Energy

Enphase Energy (ENPH) is a manufacturer of inverter systems. Unlike “string converters” that draw power from all the panels in an installation, the company is developing micro-inverters that draw power from individual panels as needed or depending on preset settings – as a result, the efficiency of installations increases.

While microinverters are more expensive, this segment could grow faster due to better site customization. Research and Markets estimate that the microinverter market will grow at a CAGR of 21% through 2025, compared to 15% for string inverters.

The company was founded in 2006. Capitalization is $22 billion.

The company does more than 80% of its business in the US but is looking to expand into international markets. One promising product is the Ensemble-in-a-Box off-grid solar and storage system for countries like India.

Renewable Energy Group

The American company was founded in 2006. The main field of activity is the creation of biodiesel fuel. In addition, it is engaged in the development of renewable chemicals.

Using biodiesel, consumers will be able to significantly reduce the number of harmful emissions into the atmosphere of the planet. At the same time, the organization is engaged in the creation of fuel reserves not only for trucks but also for the generation of electricity and heating. According to its characteristics, the alternative product is not inferior to heating oil.

In general, over the past 5 years, investors have seen a steady increase in share prices. A slight decrease in profits occurred in 2021, which, according to experts, is directly related to the fall in the cost of traditional fuel. From a financial point of view, Renewable Energy Group has every chance to cross the price threshold of $80 per share in the near future. This is due to excellent margins, lack of inadequate debt, good revenue levels, and overall growth potential going forward.

SolarEdge Technologies

The American corporation was founded in 2006. Today, the main facilities are located in the USA. The company is engaged in the development and creation of elements involved in the process of generating energy resources:

●  Power optimizers;

●  Solar inverters;

●  Intelligent modules;

●  Monitoring systems for the photovoltaic generation, etc.

The green company is also developing solutions that allow consumers to gradually move from traditional centralized electrical networks to distributed ones. By the way, if you need to find an engineering solution, there are several tips to help you there.

As a result, cloud-based control can be implemented in real-time. To date, the American manufacturing organization supplies its products to markets in more than 100 countries around the world and does not stop there. In the future, it is also planned to expand activities through the creation of batteries and components for electric vehicles.

In the American market, the company is one of the leaders in the region, in contrast to Europe. But, despite the high competition with European and Chinese manufacturers, it does not lose its position in the securities market. Over the past 5 years, revenue and net profit indicators have continued to grow. Even the last economic crisis associated with the pandemic had almost no effect on the dynamics.

The organization continues to spend huge amounts of money on research and development in the field of renewable energy, which does not affect the debt load in any way. The price of securities continues to grow, which makes the issuer one of the most attractive options for financial investments.


The American corporation SunPower began its work in the 80s of the last century, has a long and rich history in the field of solar energy, and holds the record for solar panel efficiency. Today the company has manufacturing facilities in the US, Mexico, Europe, and Asia. SunPower is known for its extensive use of advanced technology and is considered by many to be a leader in solar energy. This is a very big claim, but it’s hard to disagree, as the brand currently produces the most efficient residential solar panels with the lowest wear rate and guarantees the best performance on the market – 92% of the retained capacity of the panels after 25 years of operation plus a 25-year warranty on manufacturer’s products. Although, like most things, high performance comes at a hefty price – that’s why SunPower solar panels are so expensive.

The brand is especially popular in North America and is considered one of the most reliable, but expensive manufacturers. With a rated power of 340 W – 400 W, such panels have an efficiency of 19 – 22.8%. They are in the middle to very high price range.

Sunnova Energy International

This American company manages solar and storage systems. Sunnova is one of the main competitors of Elon Musk’s SolarCity. The company operates in 12 US states and is one of the largest manufacturers of rooftop solar panels. Sunnova leases its equipment under long-term contracts.

Fundamentally, Sunnova has “the most significant advantage” across the cleantech sector, according to Bank of America experts. This is supported by the DCF (discounted cash flow) model. Since the beginning of the year, Sunnova shares have soared 168% but still have upside potential. Bank of America is expecting a rise in the price of securities during the year by 35% to $36. This is higher than the Refinitiv consensus estimate, which estimated the upside potential of securities at 30% – up to $34.91.

Clearway Energy

Clearway Energy is a holding that owns a portfolio of renewable and conventional assets in generation and thermal infrastructure.

Since the beginning of the year, Clearway Energy shares have risen in price by 47.5%. Although the stock has weakened markedly in the past two weeks, it still remains in a solid uptrend with a positive balance and upside potential. The analyst expects a breakout of securities to a new record level of $33.65. Now the shares are trading near the $30 mark. Bank of America’s recommendation for Clearway Energy is Buy.

NextEra Energy

NextEra Energy is a holding company. It owns and manages electricity generation, transmission, and distribution facilities to retail and wholesale consumers, as well as gas infrastructure assets. Through its subsidiary NextEra Energy Resources, the company is a generator of renewable wind and solar energy.

NextEra Energy beat Wall Street’s third-quarter results and raised its 2021 earnings guidance. Its net income increased by 40% compared to the third quarter of 2019, to $1.23 billion. In terms of per share, net income was $2.5.

Bank of America said the share price does not reflect positive developments in estimates of the company’s future net income and the future value of its energy storage business. “We expect stocks to continue to rise given the tailwind from the federal election,” the bank said.

The experts gave the highest rating to the shares of NextEra Energy on Wall Street. They predict the rise in the price of securities to $350-360 per share. Wells Fargo analysts have set their annual target for securities at $340, BMO at $317, Credit Suisse expects securities to rise to $305 in a year, and Morgan Stanley to $263. The Refinitiv consensus implies the annual growth of securities to $303.

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