3 Top Solar Stocks to Consider Buying Right Now

Solar power is set to play an increasingly important role in meeting global energy needs in the coming decades. The U.S. Energy Information Administration projects that the share of renewable sources in the country's power generation sector could double -- from 21% to 42% -- by 2050. Further, it expects solar energy to account for a little less than half of the renewable electricity generation by that year.

Though the expected growth in solar power is clear; what isn't as clear is which stocks should you invest in to benefit from this growth. Here are three top solar stocks to consider adding to your solar portfolio.

Among solar panel manufacturers, Canadian Solar (NASDAQ: CSIQ) looks interesting. In addition to manufacturing solar panels, the company is also involved in the development and sales of solar projects. Canadian Solar derives roughly 47% of its revenue from Asia, 35% from Americas, and 18% from Europe and everywhere else.

Source Fool.com