투자하기 좋은 상위 10개 재생 에너지 주식 (9월 2026)

연소 에너지에서 활용 에너지로

One of the most important changes in history was the transition from human, animal, and wood energy to fossil fuels. It allowed for industrialization, an explosion in population, and society’s capabilities as a whole.  It also causes unsustainable pollution due to the non-renewable nature of fossil fuels. And they are getting increasingly harder to obtain, with fossil fuels now having to be extracted from shale deposits or ultra-deep underseas oil & gas wells.  This is why an equally important transition is happening into renewable energies, especially solar, wind, geothermal, and hydropower.

예측에 따르면 재생 에너지는 2050년까지 급격히 증가하여 주로 석탄을 대체할 것입니다. 기후 변화에 대한 보다 공격적인 목표가 채택된다면 가스와 석유를 대체하기 위해 재생 에너지의 채택이 더욱 빨라져야 합니다.

출처: EIA

재생 에너지 성장 뒤에는 비용이 급격히 감소하고 있어 화석 연료 및 원자력과 경쟁할 수 있게 되었습니다. 이러한 비용 감소는 대부분의 재생 전력 원천에 영향을 미쳤지만, 태양광 발전만큼 강력하게 영향을 미친 경우는 없습니다.

출처: Research Gate

상위 10개 재생 에너지 주식

이 목록은 섹터의 다양성을 반영하기 위해 작성되었으며, 본 기사 작성 시점의 시가총액 기준으로 정렬되었습니다.

1. China Yangtze Power

China Yangtze Power는 중국 내 110개의 수력 발전 자산을 전부 소유하고 있으며, 여기에는 삼협댐과 세계에서 가장 큰 수력 댐 12개 중 5개가 포함됩니다.

출처: China Yangtze Power

수력은 현재 전 세계에서 가장 큰 친환경 에너지 원천입니다. China Yangtze Power는 중국 최대 전력 회사이자 세계 최대 수력 회사로, 총 71.7GW의 설비 용량을 보유하고 있습니다.

이 회사는 브라질, 수단, 파키스탄, 말레이시아에서도 수력 사업을 운영하고 있으며 독일에서는 풍력 발전을 하고 있습니다.

수력에 의존함으로써 China Yangtze Power는 전력망 및 시장 수요에 높은 반응성을 가진 친환경 에너지를 생산할 수 있으며, 강우량의 계절적 변동만이 수요에 맞춘 전력 생산을 제한합니다. 이는 태양광 및 풍력처럼 간헐적인 생산을 보완하기 위해 대규모 에너지 저장이나 전력 전송 설비에 투자할 필요가 적은 매우 신뢰할 수 있는 생산업체임을 의미합니다.

따라서 가장 높은 안전성과 낮은 성장률을 원하는 투자자들은 China Yangtze Power에 가장 관심을 가질 수 있습니다. 다만 기상 패턴이 연도별 생산량에 큰 영향을 미칠 수 있다는 점을 유념해야 합니다.

The quality of the company’s assets is somewhat tempered by the geopolitical tensions between the West and China, which could affect the stock price without changing the business case.

2. Iberdrola, S.A.

Iberdrola는 전 세계적인 친환경 에너지 생산 선두 기업 중 하나로, 총 60.7GW 용량 중 40GW의 재생 가능 용량을 보유하고 있으며 2025년까지 52GW의 재생 가능 용량을 목표로 하고 있습니다.

The 2025 Strategic plan includes €17B in renewable power production and €27B in electric networks.  Iberdrola also plans €3.4B in green energy projects like hydrogen and green methanol production, industrial heat, micro-hydroelectric, electric vehicle charging stations, etc…

Iberdrola operates mostly in Spain, with operations in the rest of Europe, North America, and Brazil.

출처: Iberdrola

Iberdrola’s dividend policy states, “Shareholder remuneration shall be between 65 % and 75 % of the net profit attributed to the Company”.

Between its planned growth and dividends above 4% yield, Iberdrola is a good utility stock for investors looking for exposure to green energy while also wanting some stability and safety from scale.

3. Ørsted A/S

The Danish energy producer has undergone a massive transformation, from 2006, when it produced 83% of its power from fossil fuels, to 2022, with only 8% left over, and on track to reach 99% renewable production by 2025.

출처: Orsted

It was the first company to create an offshore wind farm in 1991 and is currently operating the world’s largest wind farm.

Orsted has an installed renewable capacity of 15.4 GW, with 4.9 GW more under construction and a grand total of 30.6 GW installed and in projects.

Half of this power generation is from offshore wind farms, with the rest roughly equally split between solar and onshore wind farms. Most of the planned growth is in offshore wind generation. Orsted has wind farms in Denmark, the UK, Germany, the US, Taiwan, and Vietnam.

Orsted is a pioneer in wind power generation and is still leading the charge in growing this sector. So, it can be an interesting stock for investors looking for utilities benefiting from declining wind power costs.

4. Vestas Wind Systems A/S

Vestas는 풍력 터빈의 설계, 제조 및 설치를 담당하는 기업입니다. 누적 설치 용량 166GW를 보유하고 있으며, 이는 다른 어떤 회사보다도 많은 풍력 터빈을 제작·설치한 것입니다. 현재 146GW의 풍력 발전 용량을 서비스하고 있습니다.

The company has a project pipeline of 32 GW. It controls 35% of the wind manufacturing market, excluding China, up from only 20% in 2010.

It also has more revenue and order margins than any of its competitors. Thanks to its economies of scale, it is also the only one with a (strongly) positive EBIT (Earnings Before Interests and Taxes).

출처: Vestas

This leadership also translates into unique innovations. Most importantly, Vestas has recently unveiled a new epoxy chemistry allowing for fully recycling wind turbine blades. This should allow the wind industry to become a fully circular value chain.

Due to its scale, technological edge, and higher margin, Vestas is a relatively safe investment in the wind power supply chain, with its turbines the best-in-class in the industry.

5. First Solar, Inc.

FSLR 가격 차트

First Solar는 미국 및 서반구 전체에서 가장 큰 태양광 패널 제조업체이며, 미국, 말레이시아, 베트남에 제조 시설을 보유하고 있습니다.

The company is not using the classic crystalline silicon technology and instead uses its proprietary thin-film photovoltaics. Based on cadmium-telluride, they are more efficient, are produced at a lower cost, and can be easily mass-manufactured. Thin-film solar panels are also more durable, retaining 89% of the original performance after 30 years.

출처: First Solar

Cadmium and telluride are byproducts of the mining for other metals, which means that First Solar products have a minimal environmental impact, using resources that were of little use before. Thin-film panels can also have a high recycling rate.

First Solar’s technological edge, combined with its geographical location, makes it the likely beneficiary of the growing push for Western countries to source their panels from out of China. The company is ramping up its production capacity quickly, aiming to reach a capacity of 16 GW from the current 8 GW.

This makes it a good stock for investors betting on continuous innovation in the solar sector, with thin-film the potential new generation of panels replacing silicon-based technology.

6. Brookfield Renewable Partners L.P.

BEP 가격 차트

Brookfield Renewable (BEPC ) Partners (BEP ), 즉 BEP는 $6250억 규모의 자산을 관리하는 대형 자산 운용사 Brookfield의 일부이며, BEP의 48%를 소유하고 있습니다.

The company manages 25 GW of power generation and has a staggering 110 GW in its construction pipeline. Most of this growth will be in North America, with 71.2GW planned, mostly in the USA.

The current assets are a mix of hydropower, wind, and solar, with the bulk of the future production growth planned to be in solar, followed by energy storage and wind. For the next 5 years, BEP plans to deploy $6-7B in new energy infrastructures.

출처: BEP

Another important development for BEP in 2023 is the closing of the acquisition of Westinghouse, the leading nuclear plant builder in North America. Westinghouse is an OEM (Original Equipment Manufacturer) for half of the world’s nuclear reactor fleet and the immense majority of non-Russian /non-Chinese nuclear power plants.

Done together with the world’s second-largest uranium miner, Cameco, this 7.9B acquisition will increase the role of nuclear in BEP’s revenue stream, even if more in the form of construction contracts than power plants and electricity sold.

While nuclear is not technically renewable, this shows the growing role of low-carbon nuclear in the energy transition and reflects positively on BEP’s management’s ability to follow business trends instead of strict adherence to dogmas on energy policies.

BEP has grown its distribution to shareholders by 6% per year since 1999. Together with the rising stock price, BEP  has generated annualized returns of 16% for its shareholders since 1999.

With its balanced mix of hydropower, wind, solar, and now even nuclear, BEP is a solid stock to bet on the de-carbonization of the energy grid through various methods. It also has an excellent track record and distributes a rather generous dividend.

7. Ormat Technologies, Inc.

ORA 가격 차트

Hydro is the legacy renewable energy on which solar and wind are quickly catching up. But there is 4th way to generate green power, which is geothermal. It relies on the differential between the Earth’s surface and internal temperatures.

Progress in drilling technology, ironically partially linked to the oil & gas drilling technology, is now making geothermal an increasingly good source of economically viable energy.

Ormat is the 2nd largest geothermal owner and operator and the largest publicly traded. The company has assets in the US, Kenya, Indonesia, and Central America+Caribean, with a capacity of 1.07 GW.

출처: Ormat

Ormat is also entering the energy storage market, with 104 MW to come online in 2023 and another 204 MW in construction. The company aims to reach a capacity of 1.8 GW by 2025 (including storage and solar).

Revenues grew by 10.7% in 2022, maintaining a strong growth trajectory since 2017.

The Inflation Reduction Act supports Ormat’s aggressive growth targets, which should provide up to $150M reduction to the company’s capital need for its geothermal and energy storage projects.

Sun and wind might, at some point, hit a threshold where their intermittency forces operators to add storage, potentially halting the cost reduction of these renewable energies. In comparison, geothermal can provide stable baseload power and benefit from quickly improving technology, being just at the beginning of its development at the utility-scale.

This makes Ormat a good pick for investors looking for low-carbon energy producers but who might be wary of the long-term risks of wind and sun intermittency. With nuclear slow to develop and fossil fuel being phased out quickly, the stable and predictable production of geothermal plants will likely command a premium in the electricity markets.

8. Shoals Technologies Group, Inc.

SHLS 가격 차트

Shoals는 EBOS(전기 시스템 밸런스) 즉, 태양광 패널을 작동시키기 위해 필요한 패널 주변의 모든 시스템을 전문으로 합니다. 여기에는 인버터는 포함되지 않으며, 케이블, 스위치, 퓨즈, 전기 박스 등이 포함됩니다.

This segment benefits from solar installation growth while not under the same pressure for cost reduction as the panels themselves. This is because they represent less than 6% of the total system cost, with no component above 1% of the total cost. The sector also benefits from retrofitting older solar installations and extra connection to new systems like batteries and EV chargers.

출처: Shaols

동시에 공급업체들은 평판이 낮은 공급자를 신뢰하지 않으며, 저가 부품이라도 화재, 부상, 사망과 같은 치명적인 고장을 일으킬 수 있습니다. 따라서 이 분야는 기존 공급업체가 대체 비용이라는 견고한 경제적 해자를 가지고 있습니다.

마지막으로 Shoals의 독특한 제안은 사전 조립된 “Plug’n’Play” 시스템으로, 비용이 많이 들고 숙련된 전기공을 고용하기 어려운 상황 없이 태양광 설치를 조립할 수 있게 합니다. 이 혁신은 66개의 특허로 보호되며, “Shoals가 제공하는 이점을 복제할 수 있는 제품을 개발하려는 경쟁사의 능력을 제한합니다.” 동일한 개념이 현재 전기차 충전소에도 적용되고 있습니다.

2020년부터 2022년까지 Shoals는 매출을 연평균 36% 성장시켰으며, 총이익도 연평균 40% 성장했습니다.

출처: Shaols

인버터나 태양광 패널보다 혁신과 경쟁이 적은 틈새 시장에 집중함으로써 Shoals는 현재 잘 자리 잡은 수익성 높은 사업 라인을 구축했습니다.

This might be appreciated by investors looking for a “pick and shovel” stock in the solar industry and unwilling to bet on a specific technology regarding the more contested battlefield for innovation on solar panels, inverters, or batteries.

9. Daqo New Energy Corp.

DQ 가격 차트

This Chinese company is one of the world’s leaders in polysilicon production, the central component for solar panel manufacturing. This also makes Daqo one of the founding pillars of China’s domination over solar panel manufacturing.

Daqo는 태양광 패널 공급망의 중심에 있어 섹터 성장으로 큰 혜택을 받았으며, 매출은 2020년 6억 8천만 달러에서 2022년 46억 달러로 성장했습니다. 2022년 급증 이후 폴리실리콘 가격은 현재 진정되었습니다.

The company’s communication and website are a little lackluster, but not out of character for an industrial B2B company, more focused on its image inside the industry than with the larger public or foreign investors.

In 2023, the stock trades very cheaply compared to P/E or cash flow. This is partially due to controversies, with the company linked to the use of forced labor in Xinjiang and talks in Washington DC of additional sanctions against companies operating in the region.

Investors should be aware that Daqo stock carries a very real geopolitical risk and a large upside due to low valuation multiples.

10. JinkoSolar Holding Co., Ltd.

JKS 가격 차트

Jinko는 세계 최대 규모의 태양광 패널 제조업체 중 하나이며, 주로 중국에 기반을 두고 있습니다. 회사는 베트남에서 실리콘 웨이퍼를, 말레이시아와 미국에서 태양전지를 제조함으로써 생산 기반을 다각화하고 있습니다.

Jinko는 회사 역사상 130GW의 태양전지를 공급했으며, 2023년 한 해에만 최소 60~70GW를 공급할 목표를 가지고 있습니다. 중국으로의 모듈 출하량은 전년 대비 두 배가 되었으며, 유럽으로는 50% 증가했습니다.

Jinko의 가장 진보된 태양전지인 N형은 놀라운 25.8%의 에너지 효율을 달성합니다. 2023년에는 N형이 Jinko 매출의 대부분을 차지해 전체의 60%를 차지할 것으로 예상됩니다.

The company has seen a decline in total shipments in Q1 2023, but with Q2 2023, shipments are expected to climb back to the all-time highs of Q4 2022. Gross margins have stayed stable at around 14%-17%.

출처: Jinko

따라서 이 주식은 태양광 수요 증가에 투자하고, 중국이 이 산업 공급망의 중심에 머물며, 폴리실리콘 패널이 주요 기술로 유지되기를 원하는 투자자에게 적합합니다.