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Renewable & Geothermal Energy

12 US public companies that generate renewable or geothermal power, or make the equipment for it — solar, wind, grid, fuel cells and geothermal — read from their latest annual filing. A fund fact sheet would show price/earnings, price/book and beta; none of those can be proved from a filing, so none are here. What is here is what the filings carry — including research spending, which no fact sheet publishes at all.

Companies
12
Combined revenue
$96.2B
latest annual reports
Revenue growth
11.6%
weighted by revenue
Research spending
$2.2B
3.9% of revenue, 9 of 12 report it
Operating margin
10.7%
median
Return on equity
12.5%
median
Equity of assets
22.6%
median
CompanyRevenueGrowthOperating marginResearchEquity of assetsReturn on equityNext year, 80% range
GEVGE Vernova$38.1BFY 20259.0%3.6%$1.2B3.1% of revenue17.7%43.7%$32.7B–$47.0Bfilings
NEENextera Energy$25.8BFY 20259.8%32.1%not filed separately25.7%12.5%$21.8B–$31.3Bfilings
AESThe Aes$12.2BFY 2025−0.4%not filed separately7.8%22.4%$9.6B–$13.8Bfilings
FSLRFirst Solar$5.2BFY 202524.1%30.6%$233M4.5% of revenue71.6%16.0%$5.2B–$7.7Bfilings
NXTNextpower$3.6BFY 202620.3%19.6%$121M3.4% of revenue57.3%25.1%$3.4B–$5.1Bfilings
RUNSunrun$3.0BFY 202545.1%−4.3%$36M1.2% of revenue13.9%−32.2%$3.0B–$4.4Bfilings
BEBloom Energy$2.0BFY 202537.3%3.6%$186M9.2% of revenue17.5%−11.3%$2.1B–$3.1Bfilings
ENPHEnphase Energy$1.5BFY 202510.7%10.7%$189M12.8% of revenue31.0%15.8%$1.2B–$1.7Bfilings
CWENClearway Energy$1.4BFY 20254.2%11.2%not filed separately34.9%−4.0%$1.2B–$1.8Bfilings
ARRYArray Technologies$1.3BFY 202540.2%−2.3%$10M0.8% of revenue−14.2%$1.2B–$1.8Bfilings
SEDGSolaredge Technologies$1.2BFY 202531.4%−25.5%$221M18.7% of revenue19.6%−94.8%$960M–$1.4Bfilings
ORAOrmat Technologies$990MFY 202512.5%17.1%$6M0.6% of revenue40.7%5.0%$870M–$1.4Bfilings

Every figure is the company’s own, from its latest annual report on SEC EDGAR. The list is chosen by the house, not scored or ranked. The 80% range is Edgarette’s, method v3: on a year the method never saw, 83% of outcomes landed inside. Ask her about any company at Ask Edgar & Edgarette. Ormat is the geothermal operator on the list. Brookfield Renewable carries none of these figures on the tags this page reads and is left out rather than half-read. Utilities rarely file research as its own line; where a company does not, the page says so. Built 2026-09-22 · free to reuse with credit, CC BY 4.0.

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