
The International Renewable Energy Agency reported that renewable energy capacity increased by about 10% globally in 2022. According to the IRENA organization, which also reported a 9.6% growth in renewable energy capacity globally, 83% of new power generation capacity last year came from renewable sources.
Given this backdrop, let us explore some renewable energy stocks, Enphase Energy, Inc. (ENPH) and Canadian Solar Inc. (CSIQ), which show strong growth potential.