Renewable energy used to be a small part of the energy business as a whole, but it is quickly becoming an important source of power in many places around the world. Companies in this industry offer a range of clean energy sources, such as biomass, hydroelectricity, solar power, and geothermal energy.
A lot of big green energy companies are based in China, the United States, and Canada, as well as Spain Denmark, and other places.
Here are the 10 largest green energy companies based on their 12-month trailing (TTM) revenue. Some businesses outside of the U.S. report their profits every six months, so the 12-month trailing data may be less up-to-date than for companies that report every three months.
Only companies that are listed on the stock market in the US or Canada, either directly or through ADRs, are on this list. The dates given are as of December 15, 2022.
In the U.S., you can only buy some of these stocks over-the-counter (OTC), not on an exchange. Trading OTC stocks usually cost more than trading stocks that are traded on exchanges. This could lower or even cancel out the possible gains.
1. The General Electric Company
- $75.07 billion in sales (TTM)
- Net Income (YTD): -$5.84 billion
- Value of the market: $89.02 billion
- Total Return for the Past Year: -11.09%
- New York Stock Exchange
General Electric is one of the biggest American global companies. The company is also in the Fortune 500. GE works in a lot of different fields, such as health care and flight. But it’s best known for coming up with new ways to use power and clean energy. It is one of the most important parts of green energy options. It has made important progress in making wind machines and software that use less energy.
2. The company Iberdrola SA
- $53 billion in sales (TTM)
- Net Income (YTD): $4.99 billion
- Value of the market: $71.81 billion
- Total Return for the Past Year: 12.07%
- Exchange: Over-the-counter
Iberdrola is a global electric utility company based in Spain. Electricity is made, sent to homes and businesses, and traded by the company. It focuses on clean energy sources like wind power (onshore and offshore), pumped hydropower, solar photovoltaics, and battery storage. In addition to the U.S., U.K., Spain, Mexico, and Brazil, Iberdrola also does business in Portugal, Greece, Japan, and Australia, to name a few.
3. Constellation Energy Corp.
- $22.64 billion in sales (TTM)
- Net Income (YTD): -$151 million
- Value of the market: $29.71 billion
- Total Return for the Past Year: 113.65%
- Nasdaq Stock Exchange
Constellation Energy’s main office is in Baltimore, but the company has offices all over the US. It offers a range of energy sources, such as natural gas, nuclear power, and electricity. The company has users in the business, residential, and public sectors. According to its website, Constellation makes more carbon-free energy than any other company in the US.
4. NextEra Energy
- $19.84 billion in sales (TTM)
- $3.83 billion in net income (As of now)
- Value of the Market: $172.98 billion
- Total Return for the Past Year: -1.28%
- New York Stock Exchange
NextEra is a broad business that runs power plants and generates electricity for other companies. Retail and municipal energy providers, industrial corporations, and power cooperatives are some of the companies that buy from them.
The company puts a lot of money into clean energy sources and is one of the biggest producers of wind and solar energy in the world. It also has other energy sources, like natural gas and nuclear power, that work with this.
5. Voestalpine Wind Systems A/S
- $15.46 billion in sales (TTM)
- Net Income (YTD): -1.09 billion dollars
- Value of the Market: $29.58 billion
- Total Return for the Past Year: 0%
- Exchange: Over-the-counter
Vestas Wind Systems is a wind energy company based in Denmark. It designs, builds, and sets up wind machines. There is also a service portion of the business that offers service contracts, spare parts, and other related services. The business has put up wind turbines in many places around the world.
6. Jinko Solar Holding Co. Ltd.
- $10.58 billion in sales (TTM)
- $27.95 million in net income (TTM)
- Cost of goods sold: $2.50 billion
- Total Return for the Past Year: 10.31%
- New York Stock Exchange
Jinko Solar is a solar power company based in China. It makes silicon slabs and wafers, solar cells, and solar modules, all of which are used for solar energy. The business also offers services for integrating solar systems. People in the U.S., Europe, Asia, Africa, and Latin America buy Jinko’s goods.
7. Canadian Solar Inc.
- $7.03 billion in sales (TTM)
- Net Income (YTD): $188.1 million
- Size of the market: $2.26 billion
- Total Return for the Past Year: 13.62 percent
- Nasdaq Stock Exchange
Canadian Solar is a solar energy company based in Canada. It comes up with ideas for and makes solar photovoltaic modules and offers energy options. The business also runs solar power projects and provides services for both running and maintaining them. More than 160 countries have bought from Canadian Solar.
8. Brookfield Renewable Corp.
- $4.76 billion in sales (TTM)
- Net Income (YTD): $887.55 million
- Worth $7.50 billion on the market
- Total Return for the Past Year: 3.92%
- New York Stock Exchange
Brookfield Renewable is a limited company in Canada that owns and runs assets that use renewable energy. The company owns several sites around the world that use renewable energy to make electricity. Its main business is running hydroelectric power plants, but it also owns and runs wind, solar, distributed production, and storage facilities.
9. Daqo New Energy Corp.
- $4.14 billion in sales (TTM)
- This year’s net income was $1.63 billion.
- Worth $3.46 billion on the market
- Total Return for the Past Year: 10.16 percent
- New York Stock Exchange
It calls itself one of the world’s low-cost producers and sells high-purity polysilicon to the solar PV business. The factory is in Xinjiang, China, and can make up to 70,000 metric tons of goods per year. Because Daqo makes its polysilicon, it can be used to make solar power options like cells and wafers. Daqo New Energy was started in 2008 and has its main office in Shanghai.
10. Algonquin Power & Utilities Corp.
- $3.35 billion in sales (TTM)
- $39.31 million in net income (TTM)
- Size of the market: $6.59 billion
- Total Return for the Past Year: -42.19%
- Exchange: The Stock Exchange of Toronto
Algonquin Power & Utilities is a Canadian company based in Oakville that serves more than a million customers across North America with controlled utility services and renewable energy. Natural gas, water, and power are some of the services.
This is done by Liberty, which is Algonquin’s main business. It also puts money into clean and green energy sources like thermal, wind, solar, and hydro. The company has assets worth more than $16 million around the world.