Once a niche segment of the broader energy industry, renewable energy is rapidly growing to become an essential energy source in many regions and countries around the globe. Clean and renewable energy, including solar, wind, hydroelectric, geothermal, and biomass, is generated by companies within the industry. The biggest renewable energy companies have their headquarters in Spain and Denmark, but there are other significant players in China, the United States, and Canada.
These are the ten biggest renewable energy companies with 12-month (TTM) trailing revenues. Many companies outside the U.S. report earnings semi-annually instead of quarterly, so the trailing 12-month data could be older than it is for companies that report quarterly. This list is limited to businesses that are publicly traded in the U.S. or Canada either directly or via ADRs. All estimates are As of Dec. 6, 2020.
10 Biggest Renewable Energy Companies
1. Orsted A/S (DNNGY)
- Revenue (TTM): $34.97 billion
- Net Income (TTM): $15.46 billion
- Market Cap: $71.2 billion
- 1-Year Trailing Total Return: 85.62%
- Exchange: OTC
Orsted (DNNGY) is a multinational power company based in Denmark that focuses on providing renewable energy solutions. The wind power segment of the company develops, installs, and operates wind farms offshore. Combined heat and power plants work in the bio-energy and thermal power division. Orsted also distributes and sells oil and gas in Denmark, Sweden, Germany, and the UK in the wholesale and retail sectors.
2. Iberdrola SA (IBDRY)
- Revenue (TTM): $34.23 billion
- Net Income (TTM): $3.57 billion
- Market Cap: $82.89 billion
- 1-Year Trailing Total Return: 47.12%
- Exchange: OTC
Iberdrola (IBDRY) is a global electrical utility company based in Spain. The company is involved in electricity generation, distribution, and trading. It specializes in wind, mini-hydro, solar thermal, photovoltaic, and biomass renewable energy. In the U.S., U.K., Portugal, Spain, and Latin America, Iberdrola operates.
Check out: 7 Renewable Energy Sources: A Complete Guide
3. JinkoSolar Holding Co. Ltd. (JKS)
- Revenue (TTM): $33.95 billion
- Net Income (TTM): $163.1 million
- Market Cap: $1.33 billion
- 1-Year Trailing Total Return: 223.33%
- Exchange: New York Stock Exchange
JinkoSolar (JKS) is a solar power company based in China. It produces solar energy products, like ingots and wafers for silicon, solar cells, and solar modules. The company also offers solar system integration services. In the United States, Europe, Asia, Africa, and Latin America, Jinko offers its goods to consumers.
4. Vestas Wind Systems A/S (VWDRY)
- Revenue (TTM): $15.2 billion
- Net Income (TTM): $490 million
- Market Cap: $38.86 billion
- 1-Year Trailing Total Return: 104.48%
- Exchange: OTC
Vestas Wind Systems (VWDRY) is a wind energy company headquartered in Denmark. It designs, manufactures, and installs wind turbines. The company also runs a service segment offering spare parts, service contracts, and related operations. In dozens of countries worldwide, the company has built wind turbines.
5. Siemens Gamesa Renewable Energy Company SA (GCTAY)
- Revenue (TTM): $9.48 billion
- Net Income (TTM): -$920 million
- Market Cap: $23.24 billion
- 1-Year Trailing Total Return: 112.63%
- Exchange: OTC
Siemens Gamesa (GCTAY) is a wind engineering company based in Spain. It sells wind turbines, turbine gearboxes, off-grid, and other related technical equipment onshore and offshore. It also offers facilities for repair and refurbishment. The business represents clients across the globe and has goods and technology deployed in over 90 countries.
6. Brookfield Renewable Partners LP (BEP)
- Revenue (TTM): $3.58 billion
- Net Income (TTM): N/A
- Market Cap: $10.83 billion
- 1-Year Trailing Total Return: 59.73%
- Exchange: New York Stock Exchange
Brookfield Renewable (BEP) is a limited partnership company based in Canada which owns and operates renewable power assets. The business holds a worldwide portfolio of renewable energy sources facilities as power generating. It focuses mainly on hydroelectric power operations and owns and operates facilities for wind, solar, distributed generation, and storage.
7. First Solar Inc. (FSLR)
- Revenue (TTM): $3.5 billion
- Net Income (TTM): $220 million
- Market Cap: $9.46 billion
- 1-Year Trailing Total Return: 62.91%
- Exchange: NASDAQ
First Solar (FSLR) is a company based on solar energy. Photovoltaic solar power systems and solar modules are planned and manufactured here. To produce solar modules that turn sunlight into electricity, the company utilizes a thin-film semiconductor technology. First, Solar internationally customer serves.
8. Canadian Solar Inc. (CSIQ)
- Revenue (TTM): $3.36 billion
- Net Income (TTM): $210 million
- Market Cap: $2.39 billion
- 1-Year Trailing Total Return: 132.66%
- Exchange: NASDAQ
Canadian Solar (CSIQ) is a solar energy corporation that is based in Canada. It designs and manufactures photovoltaic solar modules and supplies solutions for electricity. The company also manages ventures for solar power and provides facilities for operation and maintenance. Canadian Solar provides customers in more than 160 countries.
9. Renewable Energy Group Inc. (REGI)
- Revenue (TTM): $2.61 billion
- Net Income (TTM): $610 million
- Market Cap: $2.33 billion
- 1-Year Trailing Total Return: 214.63%
- Exchange: NASDAQ
The Renewable Energy Group (REGI) is a manufacturing company producing biodiesel. Biofuels and renewable chemicals are produced and traded here. The company processes waste and virgin vegetable oils, animal fats and other feedstocks and methanol into diesel based on biomass. It also provides services for the development of diesel production facilities management based on biomass and the ongoing operations of third-party plants.
10. SunPower Corp. (SPWR) – Renewable Energy Company
- Revenue (TTM): $1.39 billion
- Net Income (TTM): $70 million
- Market Cap: $3.56 billion
- 1-Year Trailing Total Return: 218.66%
- Exchange: NASDAQ
SunPower (SPWR) is a company that produces solar energy. It designs solar panels and systems and manufactures them. Solar energy solutions, like turn-key engineering, procurement and construction, are offered by the company. It also provides resellers, commercial, and residential end-customers worldwide with equipment.
