The global solar market is driving solar stocks higher this year as the U.S., Japan, and China kick into high gear. The U.S. is expected to install 4.4 GW of solar this year, Japan may put up 7 GW, and China is expecting annual installations of about 10 GW.
For investors, this creates a great opportunity, particularly for companies with industry-leading positions. SunPower (NASDAQ: SPWR ) makes the most efficient panels in the industry and has exposure to each of these markets, Canadian Solar (NASDAQ: CSIQ ) was one of the first Chinese manufacturers in Japan, and SolarCity (NASDAQ: SCTY ) is dominating U.S. residential solar. Joel South sat down with Travis Hoium to see what the keys are for the industry this year.
Another great stock for 2013
Solar stocks have been great for 2013 and if you're looking for more great picks The Motley Fool's chief investment officer has selected his No. 1 stock for this year. Find out which stock it is in the special free report: "The Motley Fool's Top Stock for 2013." Just click here to access the report and find out the name of this under-the-radar company.