Got $3000? Here Are 2 Solar Stocks to Buy and Hold for the Long Term

A global push toward cleaner sources of energy combined with falling costs is leading to continued growth for renewable energy. The U.S. Energy Information Administration projects that, by 2050, renewables will be the world's most-used energy source and will generate nearly half of the world's electricity. Moreover, among renewable energy sources, solar energy's share is expected to grow the fastest. If you want to invest in the future of energy production, here are two top stocks to buy to ride on the solar wave.

Canadian Solar (NASDAQ: CSIQ) is a geographically diversified manufacturer of photovoltaic modules (or solar panels) with operations in 23 countries. Over the last 10 years, the company has grown its revenues by an impressive average annual rate of more than 20%. Similarly, its margins historically have been stronger than its peers.