Better Buy: Plug Power vs. Canadian Solar

Better Buy: Plug Power vs. Canadian Solar

Hardly any sectors of the stock market have brought joy to investors in recent weeks, but the renewable energy industry has been particularly grim.. When oil prices drop, renewable fuel stocks also tend to suffer.. Solar Investment Tax Credit -- which did not get renewed in the recent $2 trillion stimulus package, as some advocates were hoping -- and things look bleak in the near term for solar companies like Canadian Solar.. While Canadian Solar has some drawbacks -- solar companies in general have underperformed since 2015 -- it has at least been consistently profitable for the last five years.. While its debt load is a bit higher than I'd like, the company has paid down some of its debt since 2018 without meaningfully diluting its shares.. Despite revenue soaring by 238.2% over the last five years, the company has only had one single profitable quarter in the last 10 years, and that was back in 2015.. Stock Advisor launched in February of 2002.. Cumulative Growth of a $10,000 Investment in Stock Advisor Calculated by Time-Weighted Return.