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June 2026
Proprietary AI analyst is now available
Largest Clean Technology Public Companies
Benchmark revenue and EBITDA valuation multiples for public comps like
First Solar, Nextpower, Tongwei, Enphase Energy and Jinko Solar.
 | First Solar designs and manufactures solar photovoltaic panels, modules, and systems for use in utility-scale development projects. The company's solar modules use cadmium telluride to convert sunlight into electricity. This is commonly called thin-film technology. First Solar is the world’s largest thin-film solar module manufacturer. It has production lines in Vietnam, Malaysia, the United States, and India. | $315 | +90% | $34B | $32B | 6.1x | 13.5x | ||
| Nextpower (and its subsidiaries) is a leading provider of intelligent, integrated solar tracker and software solutions used in utility-scale and distributed generation solar projects around the world. Nextpower's products enable solar panels in utility-scale power plants to follow the sun’s movement across the sky and optimize plant performance. Nextpower has operations in the United States, Mexico, Spain and other countries in Europe, India, Australia, the Middle East, Africa, and Brazil. | $152 | +176% | $23B | $22B | 6.3x | 26.2x | ||
 | Tongwei is the world's largest polysilicon producer and a leading solar cell and module supplier. The solar business contributed more than 60% of revenue in 2024. In addition, Tongwei runs a feed and food business, which made up 35% of revenue in 2024. | $2 | -16% | $9B | $19B | 1.5x | 24.1x | ||
| Enphase Energy is a global energy technology company. It delivers smart, easy-to-use solutions that manage solar generation, storage, and communication on one platform. The company's microinverter technology primarily serves the rooftop solar market and produces a fully integrated solar-plus-storage solution. Enphase derives a majority of revenue from the United States. | $68 | +72% | $9B | $9B | 5.9x | 18.1x | ||
| Jinko Solar is the largest Chinese solar module manufacturer by global shipment in 2024. Jinko's products are distributed across nearly 200 countries and regions. The company operates a vertically integrated production process, spanning from solar wafer and cell manufacturing to module production. Jinko's N-type cell capacity is industry-leading in scale. | $1 | +9% | $8B | $10B | 1.0x | 26.1x | ||
| Shanghai Baosight Software Co Ltd is a Chinese software company that develops automation and software tools for various industries. The company operates through three segments: the Software Development and Engineering Services segment, the System Integration segment, and the Service Outsourcing segment. Its operations span across areas such as information technology, industrial automation, robotics, intelligent transportation, and information infrastructure. The company’s offerings are mainly applied in sectors including steel, non-ferrous metals, chemicals, mining, new materials, renewable energy, metalworking, equipment manufacturing, urban transit systems, and infrastructure development. | $2 | -19% | $7B | $6B | 3.9x | 22.4x | ||
| CSI Solar is a leading Chinese solar module producer, ranking seventh by solar module shipments in 2024. The company's products are available in over 160 countries and regions. CSI operates a vertically integrated production process, encompassing solar wafers, cells, and module production. | $2 | +33% | $6B | $7B | 1.2x | 8.9x | ||
 | Premier Energies Ltd is an integrated manufacturer of solar cells and solar modules. The company mainly engages in the manufacturing and trading of solar modules, solar cells, and solar accessories. The majority of the company's revenue comes from the sale of these products and silicon wafers. Additionally, the company earns revenue from the sale of manufactured solar modules and from construction and project-related activities. Geographically, the company generates almost all of its revenue within India. | $11 | -2% | $5B | $5B | 6.3x | 19.3x | ||
| Trina Solar is one of the top four Chinese solar module producers. Trina's products are available in over 170 countries and regions. The company operates a vertically integrated production process, covering everything from solar wafers and cells to complete modules. | $2 | +1% | $5B | $8B | 0.8x | (161.5x) | ||
| SolarEdge Technologies designs, develops, and sells direct current optimized inverter systems for solar photovoltaic installations. The company system consists of power optimizers, inverters, and cloud-based monitoring platform and addresses a broad range of solar market segments, from residential solar installations to commercial and small utility-scale solar installations. The company sells its products directly to solar installers, engineering, procurement, and construction firms and indirectly to solar installers through distributors and electrical equipment wholesalers. | $73 | +259% | $4B | $4B | 3.7x | (34.6x) | ||
| Shanghai Aiko Solar Energy Co Ltd is engaged in research, manufacturing and sales of crystalline silicon solar cells. The company's products include C&I Scenario COMET Series, Residential Scenario NEOSTAR Series, Lightweight module AIR and Utility Scenario STELLAR Series. | $2 | -11% | $4B | $5B | 2.1x | 105.4x | ||
| Sunrun is engaged in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. The company acquires customers directly and through relationships with various solar and strategic partners. The solar systems are constructed by Sunrun or by Sunrun’s partners and are owned by the company. Sunrun’s customers typically enter into 20- to 25-year agreements to utilize its solar energy system. The company also sells solar energy systems and products, such as panels and racking, and solar leads generated to customers. | $15 | +81% | $4B | $18B | 6.0x | 27.2x | ||
 | OY Nofar Energy Ltd is engaged in long-term development and investment activity of production systems of clean electricity from solar energy, systems for storing electricity in batteries in Israel, the USA, and Europe, as well as in the construction (EPC), operation, and maintenance (O&M) of photovoltaic systems in Israel and abroad. | $83 | +174% | $3B | $6B | 56.1x | 54.7x | ||
 | TGS ASA provides data, intelligence, ocean bottom node (OBN) acquisition services, processing, analytics, cloud-based data applications, and other specialized services and solutions to energy companies across the energy spectrum, whether it is oil and gas, carbon capture and storage, or wind development. Its reportable segments are divided into six overall business units: Contract, Multi-client, New Energy Solutions (NES), Imaging, Shared Services. It generates the majority of its revenue from Multi-client sales. | $16 | +74% | $3B | $4B | 2.4x | 4.1x | ||
| Xinyi Solar Holdings Ltd is an investment holding company. Along with its subsidiaries, it is engaged in the production and sale of solar glass products and the development and operation of solar farms. The company's operating segments include sales of solar glass and solar farm business, which includes solar farm development and solar power generation. A majority of its revenue is generated from the sales of solar glass. Geographically, it derives maximum revenue from Mainland China, followed by other areas in Asia, North America and Europe, and other regions. | $0 | +5% | $3B | $4B | 1.4x | 6.5x | ||
 | SMA Solar Technology AG produces, develops, and sells systems and solutions for the efficient and sustainable generation, storage and use of solar energy. Its products include PV and battery inverters, monitoring systems for PV systems, charging solutions for electric vehicles as well as energy management systems, and digital services for the future energy supply. The company operates through the following segments; Home Solutions, Commercial & Industrial Solutions, and Large Scale & Project Solutions. The Large Scale & Project Solutions segment, which derives key revenue for the company, offers products, systems and solutions for industrial solar, storage and hydrogen projects as well as for the conversion of utility grids to a higher proportion of renewable energy. | $75 | +204% | $3B | $2B | 1.4x | (32.9x) | ||
| Shoals Technologies Group is a provider of electrical balance of system solutions for solar energy projects, primarily in the United States. EBOS encompasses components that are necessary to carry electric current produced by solar panels to an inverter. The products are sold principally to engineering, procurement, and construction firms that build solar energy projects. | $13 | +201% | $2B | $2B | 5.0x | 23.7x | ||
| Longshine Technology Group Co Ltd is engaged in the provision of software and IT services for the power and electricity industry. Its range of solutions in new energy and smart grid areas are electric vehicle smart charging service network operation management system; enterprise energy efficiency management system; wind power centralized monitoring system; smart electric substation; and mobile internet payments through Alipay. | $2 | -42% | $2B | $2B | 3.0x | 50.1x | ||
 | Ballard Power Systems Inc is engaged in design, development, manufacture, sale and service of proton exchange membrane ("PEM") fuel cell products for a variety of applications, focusing on power products for bus, truck, rail, marine, stationary and emerging market (material handling, off-road and other) applications, as well as the delivery of services, including technology solutions, after sales services and training. A fuel cell is an environmentally clean electrochemical device that combines hydrogen fuel with oxygen (from the air) to produce electricity. Key geographical revenue is derived from Poland followed by United States, United Kingdom, and other countries. | $6 | +282% | $2B | $1B | 13.4x | (15.7x) | ||
| Hydrograph Clean Power Inc is engaged in the acquisition and development of graphene and hydrogen-related products and services. The company's products include Fractal graphene and Reactive Graphene. | $5 | -- | $2B | $2B | - | - | ||
| Ygsoft Inc supplies business management and social service information systems in China. It is focused on providing enterprise management software for the energy industry. The company offers a cloud platform, cloud services, big data service, blockchain services, group resource management, comprehensive risk management, asset lifecycle management and multi-project management. | $1 | -2% | $2B | $1B | 3.9x | 20.9x | ||
| Borregaard ASA makes and sells biochemicals and biomaterials designed to replace oil-based products, It has three operating segments; BioSolutions segment develops, produces and sells biopolymers and bio vanillin from lignin used in Industries such as agrochemicals, batteries, industrial binders and construction. Bio vanillin is supplied to flavour and fragrance companies, as well as to the food and beverage industry, Biomaterials segment develops, produces and sells speciality cellulose mainly for use as a raw material in the production of cellulose ethers, cellulose acetate and other speciality products. It also includes cellulose fibrils for industrial applications, and the Fine Chemicals segment consists of fine chemical intermediates for contrast agents and bioethanol. | $15 | -26% | $2B | $2B | 2.2x | 9.1x | ||
| Array Technologies Inc manufacturer of ground-mounting systems used in solar energy projects. The company's segments include: the Array legacy operating segment (Array Legacy Operations) and the STI Operations operating segment (STI Operations). It derives maximum revenue from the Array legacy operating segment. Its product is an integrated system of steel supports, electric motors, gearboxes, and electronic controllers referred to as a single-axis tracker that moves solar panels throughout the day to maintain an optimal orientation to the sun, which increases their energy production. Geographically, the company's operations are in the United States, Australia, Spain, Brazil, and the rest of the world, with the United States deriving the majority of the revenue. | $9 | +54% | $1B | $2B | 1.9x | 13.0x | ||
| Canadian Solar Inc is a Canadian solar technology and renewable energy company. It is a manufacturer of solar photovoltaic modules, a provider of battery energy storage solutions, and a developer of utility-scale solar power and battery energy storage projects.. It operates through two business segments CSI Solar and Recurrent Energy segment. The CSI Solar segment focused on solar modules and battery energy storage manufacturing and products. Its Recurrent segment focused on utility-scale solar power and battery energy storage project development and operation. Key revenue is generated from CSI Solar segment. | $19 | +76% | $1B | $8B | 1.4x | 12.9x | ||
| JinkoSolar Holding Co Ltd is engaged in the photovoltaic industry. The firm has built a vertically integrated solar power product value chain, manufacturing from silicon wafers to solar modules. It sells solar modules under the JinkoSolar brand. The company's products include Silicon wafers, Solar cells, and Solar modules. Its geographical segments are China (including Hong Kong and Taiwan), North America, Europe, Asia Pacific, and the Rest of the world. | $22 | +4% | $1B | $6B | 0.6x | 184.6x | ||
 | Cw Enerji Muhendislik Ticaret Ve Sanayi Ab is a manufacturer, solution provider, and service company in the photovoltaic power generation sector. CW Enerji’s scope of products comprises solar power plant investment and technical consulting, projecting, system design, solar power plant installations, licensing, and operation, as well as licensed and unlicensed production regulations for solar power plants projects planning, designing, financing, implementation, and general maintenance matters. | $1 | +186% | $937M | $1B | 3.1x | 14.2x | ||
| PSI Software SE is a software producer in process control and information systems. Its core business consists of process control and information systems for managing energy and material flows in industries tailored to the electricity, gas, oil, and district heating sectors, engineering, automobile, and automotive supply and logistics sectors. The company's segments include Energy Management, which offers intelligent solutions for utility companies in the electricity, gas, oil, and water sectors; the Production Management segment provides solutions for planning and controlling production processes in metals production, logistics, mechanical engineering, and automotive manufacturing. It generates maximum revenue from the Energy Management segment. | $52 | +49% | $818M | $886M | 2.9x | 2462.1x | ||
 | RPMGlobal Holdings Ltd is engaged in the development of mining software solutions and professional development for the mining industry. The group has been advancing the mining industry through the provision of software solutions and deep domain expertis. The company brings together its technology, mining advisory, and professional development services to support mining clients in extracting more value at every stage of the mining lifecycle. Its segments include the Software Division and the Advisory Division. The group generates the majority of revenue from the Software Division, which offers software, including support (maintenance), training, and implementation services to mining companies. Geographically, the company operates in Australia, Asia, the Americas, Africa & Europe. | $4 | -- | $780M | $730M | - | - | ||
| Hansen is a technology company providing software and services to the energy and utilities and communications sectors throughout the developed world. Hansen’s products primarily relate to billings and adjacent functions, such as customer quotes, order capture, customer data management, and customer service. Additionally, Hansen has products assisting companies with developing new products, fulfilling orders, and managing various other operational processes. | $3 | -7% | $671M | $720M | 2.6x | 9.2x | ||
 | Toyo Co Ltd along with its subsidiaries, is engaged in research and development, production, and sales of solar cells. Geographically, the company generates revenue from Asia and the USA, out of which the majority of revenue is generated from Asia. | $17 | +249% | $643M | $657M | 1.5x | 5.9x | ||
| Suzhou Thvow Technology Co Ltd is a Chinese company engaged in the design and manufacturing of non-standard pressure vessels. | $1 | -- | $642M | $1B | 2.8x | 31.7x | ||
| Kalyon Gunes Teknolojileri Uretim AS is engaged in the production and sale of solar panels. In addition, it also produces ingots, wafers and cells. | $1 | -6% | $563M | $563M | - | - | ||
| Aduro Clean Technologies Inc is engaged in development and commercialization of its Hydrochemolytic technology (HCT) to create higher-value chemicals and fuels from lower-value feedstocks including waste plastics. It focuses on developing environmentally responsible technology for converting end-of-life plastics and tire rubber to specialty chemicals and fuels that replace petroleum, upgrading of heavy crude oils and the transformation of renewable oils into renewable fuels and specialty chemicals. | $16 | +80% | $541M | $512M | 3050.8x | (61.4x) | ||
| Chrysos Corp Ltd is an Australian-based provider of novel assay services to the international mining industry through its proprietary PhotonAssay technology. The company's flagship product, PhotonAssay, delivers accurate and environmentally friendly analysis of gold, silver, and complementary elements. The Group has three reportable segments, namely, EMEA, APAC, and the Americas, where the majority of revenue is generated from Australia. The Group generates revenue mainly from the deployment of PhotonAssay units with its customers. | $4 | +33% | $517M | $539M | 11.4x | 43.6x | ||
| Zhejiang Netsun Co Ltd is a high-tech enterprise specializing in Internet information services, e-commerce, professional search engines and enterprise application software development. | $2 | -31% | $514M | $434M | 5.5x | 519.5x | ||
| Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretim San ve Tic AS, formerly Smart Gunes Teknolojileri is an integrated solar energy company operating in the area of turnkey installation services and PV module production offers a wide range of solar energy solutions to commercial and retail users. The company provides photovoltaic solar panels based on crystal silicon cells for use in the field and rooftop solar plants. | $0 | +30% | $488M | $717M | 3.1x | 10.6x | ||
| Alfa Solar Enerji Sanayi Ve Ticaret AS engages in the manufacturing of photovoltaic (PV) panels in an ultra-modern facility. Its product portfolio comprises Polycrystalline Panels, Monocrystalline Panels, and half-cut panels. | $1 | +36% | $467M | $512M | 2.9x | 38.6x | ||
 | NYAB AB is a construction services provider. It is engaged in green transition in the Nordics by providing engineering, construction, and maintenance services to public and private sector clients related to renewable energy and sustainable infrastructure. In addition to the special construction, its business focuses on carbon-neutral industrial and other industries' wind power projects. Geographically, it generates maximum revenue from Sweden and the rest from Finland. | $1 | +2% | $432M | $407M | 0.6x | 9.2x | ||
 | Envipco Holding NV is a recycling technology company. It is a recognized leader in the development and operation of reverse vending machines (RVMs), automated technological systems for the recovery of used beverage containers. It is known for its latest technology and market leadership, and holds several intellectual property rights for RVM systems, including but not limited to beverage refund deposit markings, material type identification, compaction, and accounting. Geographically, it operates through Europe, which is its key revenue generating market, and North America. | $5 | -46% | $335M | $316M | 2.8x | 187.3x | ||
| Energy One Ltd is a supplier of software products and services. It serves wholesale energy, environmental, and carbon trading markets. The company's only operating segment is the Energy software industry. Its geographical segments include Australasia and Europe. The company derives a majority of its revenue from Europe. Its product portfolio includes the wholesale energy trading suite; energyflow, energyoffer, NemSight, SimEnergy, enTrader, and others. | $9 | -12% | $293M | $300M | 6.9x | 26.1x | ||
| Tigo Energy Inc designs solar power conversion and storage products that provide customers with more choice and flexibility. Its mission is to deliver smart hardware and software solutions that enhance safety, increase energy yield, and lower operating costs of residential, commercial, and utility-scale solar systems. Geographically the company generates revenue from EMEA, Americas, and APAC. | $4 | +184% | $272M | $263M | 2.5x | 23.9x | ||
 | Eviso SpA specializes in the supply of electricity for small and medium-sized enterprises, farms, shops and restaurants in low voltage and medium voltage. The coverage for the supply of electricity is active in all regions of Italy. | $11 | -8% | $264M | $252M | 0.7x | 20.2x | ||
| Graphene Manufacturing Group Ltd is an Australian clean-technology company that produces graphene powder through a proprietary process using natural gas as feedstock. The company focuses on energy-saving solutions and energy storage products enabled by graphene. Its product range includes THERMAL-XR, a graphene-enhanced coating system for improved heat transfer; G Lubricant, a graphene-based lubricant additive; and a graphene aluminum-ion battery under development. The company targets sectors such as HVAC refrigeration, automotive, energy storage, utilities, and infrastructure. The revenue is generated from two sources: Thermal-XR and G-Lubricant product sales and Thermal-XR coating services. | $2 | -- | $230M | $220M | 1296.2x | (46.3x) | ||
| Computer Modelling Group Ltd is a software and consulting technology company engaged in developing and licensing reservoir simulation and seismic interpretation software. The company also provides professional services consisting of highly specialized support, consulting, training, and contract research activities. The firm has operations in the Americas, Europe, Middle East, Africa, and Asia-Pacific regions. | $3 | -47% | $220M | $231M | 2.5x | 8.8x | ||
| Altea Green Power SpA provides systems to produce energy from renewable sources while respecting the environment and improving energy efficiency by reducing energy consumption. It offers assistance in the design, construction, maintenance, and management phases for photovoltaic systems, wind turbines, cogeneration systems, biomass-fueled systems. The Group specializes in the installation of plants and production of energy from renewable sources, the construction of power plants and cogeneration plants, electricity and thermal power distribution networks, and co-development activities of renewable energy production and storage plants. | $8 | -9% | $150M | $144M | 5.5x | 9.6x | ||
| Pyrum Innovations AG is a recycling technology company. The company recycles end-of-life tyres with its patented pyrolysis technology, obtaining new raw materials such as recovered carbon black, pyrolysis oil and gas. The company operates in the recycling market for end-of-life tyres. It generates revenue from customers in Germany and European Union. | $30 | -15% | $127M | $145M | 30.1x | (24.1x) | ||
| NextNRG Inc is engaged in developing an integrated ecosystem that combines solar energy generation, battery storage, smart microgrids, wireless electric vehicle (EV) charging, and on-demand fuel delivery. The company is also focused on combining renewable energy innovation with mobile fueling expertise to build a sustainable energy ecosystem that bridges traditional fuel needs with AI-powered clean energy solutions. | $1 | -75% | $109M | $134M | 1.6x | (7.9x) | ||
| FTC Solar Inc is a provider of solar tracker systems, supported by proprietary software and value-added engineering services. The company's Solar tracker systems move solar panels throughout the day to maintain an optimal orientation relative to the sun, thereby increasing the amount of solar energy produced at a solar installation. It focuses on providing differentiated products, software, and services that maximize energy generation. The company has launched a new mounting solution to support the installation and use of U.S. manufactured thin-film modules by project owners. The only segment the company is engaged in is the Manufacturing and Servicing of Solar tracker systems. | $5 | +20% | $87M | $105M | 1.0x | (4.3x) | ||
 | Umbrella Global Energy SA, formerly Umbrella Solar Investment SA is a company with a focus on photovoltaics. The business activity encompasses the entire value chain of the photovoltaic sector, from the initial stage of project design, financing, comprehensive construction, operation and maintenance through to the active management of the energy generated in photovoltaic plants. | -- | -- | $85M | $118M | 4.2x | (17.9x) | ||
| Stem Inc is a provider of energy storage systems. The company bundles third-party hardware with its proprietary Athena software to provide customers a turnkey solution. Stem sells its solutions to commercial and industrial customers as well as independent power producers and renewable developers. Its solutions help customers maximize renewable energy generation and help build a cleaner and more resilient grid. The Company operates as one operating segment that is focused exclusively on technology services that transform the way energy is distributed and consumed. | $9 | +47% | $82M | $375M | 2.4x | 1.8x | ||
| Otovo ASA is an energy company. It is engaged in the development, commercialization and installation of renewable power, as well as taking ownership or providing business advice related to it. The Group’s operating segments are The Marketplace, and Subscription SPV. The Marketplace segment consists of transactions relating to sale of solar panels and related products, while the Subscription segment consists of transactions related to customers subscribing to use solar panels and related products. | $1 | -44% | $77M | $62M | 1.0x | (2.3x) | ||
| Razor Labs Ltd is engaged in the business of developing artificial intelligence based products and solutions for businesses. | $2 | +18% | $73M | $63M | 5.2x | (14.8x) | ||
| Infragreen Group Ltd owns, operates and grows sustainable infrastructure businesses across Australia and New Zealand. Its subsidiaries operates across two key industries: recycling and waste recovery, and clean energy and energy transition. | $0 | -- | $71M | $65M | - | - | ||
| Hazer Group Ltd is a commercialized technology company. It is engaged in the research and development of novel graphite-and-hydrogen-production technology, and business development activities to commercialise. | $0 | -- | $70M | $59M | 10.7x | (11.6x) | ||
| Midsummer AB is a supplier of equipment for cost-effective manufacturing of CIGS thin film solar cells. The company manufactures solar panels which can be attached on any type of surfaces, such as, membrane roofs, portable power plants, marine installations, vehicle usage, landfill covers or other infrastructure projects. | $0 | +12% | $66M | $63M | 3.6x | (172.1x) | ||
 | Columbus Energy SA is a Poland based company involved in providing energy efficiency services. Its products include photovoltaic systems, that convert solar radiation into electricity. | $1 | -55% | $64M | $88M | 0.9x | 10.9x | ||
| Spruce Power Holding Corp is an owner and operator of distributed solar energy assets across the United States (the U.S.), offering subscription-based services to home solar assets and customer contracts, making renewable energy more accessible to everyone. The Company’s customers are homeowners and the Company’s core solar service offerings generate revenues through, the sale of electricity generated by its home solar energy systems to homeowners, third-party contracts to sell solar renewable energy credits (SRECs) generated by the solar energy systems for fixed prices and the servicing of those agreements for other institutional owners of home solar energy systems. | $3 | +41% | $52M | $675M | 6.0x | 12.2x | ||
| NH3 Clean Energy Ltd is an Australian company engaged in reducing carbon emissions by providing clean energy solutions. The company focused on Future Energy project development and Future Energy materials exploration and project development. It is developing a business to deliver decarbonized hydrogen (low-emissions ammonia) into export and domestic markets at scale, via its WAH2 Project. The Company plans to use renewable energy to the extent practicable. The group owns the McIntosh Nickel-Copper-PGE project and the Halls Creek Gold and Base Metals project in Western Australia. It has two joint ventures on its Graphite properties. | $0 | -- | $46M | $47M | - | - | ||
| Skycorp Solar Group Ltd is a solar PV product provider principally engaged in the manufacture and sale of solar cables and solar connectors. It also has partnerships with multiple IC chip manufacturers and offers customers new and used GPU and HPC servers. Its business is carried out through its operating subsidiaries. The company operates in two operating segments: the business to manufacture and sell solar PV products and solar power system solutions service, the business to sell High Performance Computing products, and others. Key revenue is generated from Solar PV products. Geographically, key revenue is generated from Mainland China, followed by Asia other than mainland China, and Others. | $3 | +13% | $44M | $40M | 0.6x | (33.6x) | ||
| Maps SpA is a software solution provider. It designs and develops software solutions that improve service quality, increase operational efficiency, and help customers improve their decision-making. The company predominantly caters to its customers in the Healthcare, Energy, and ESG sectors. Its Healthcare Business Unit develops solutions related to patient experience and telemedicine, data-driven governance platforms, applications for the digitization of diagnostic service workflows, radiology, laboratory tests, and others. The Energy business unit supports the changes taking place for the energy transition, and its ESG Business Unit commercializes solutions that measure the achievement of corporate and employee goals, manage risks, and report on non-financial performance. | $3 | -28% | $38M | $40M | 1.1x | 6.1x | ||
 | E4U akciova spolocnost operates photovoltaic power plants. | $16 | -9% | $38M | $37M | 8.5x | 9.0x | ||
| SolTech Energy Sweden AB operates in the energy sector. It is a comprehensive supplier that develops, sells and installs solar energy solutions for both companies and private individuals. Soltech consolidates the market through the acquisition of companies in the solar, roof, facade and electricity industries and more. Geographically, it operates in Sweden, Spain and the Netherlands. | $0 | -71% | $37M | $66M | 0.4x | (3.8x) | ||
 | AmonRa Energy AD Sofia is engaged in engineering, construction, and operation of renewable energy systems, including photovoltaic plants and wind turbines. The company's main revenue comes from export, wholesale, and retail trade in photovoltaic systems and components. | $6 | -21% | $36M | $36M | 0.5x | 13.3x | ||
| Saule Technologies SA is a high-tech company that develops innovative solar cells based on perovskite materials. | $0 | +1% | $35M | $59M | 165.7x | (5.1x) | ||
| Holaluz-Clidom SA is a renewable energy company providing green energy. The company's main activity is the commercialization of energy in general. Its Holaluz Cloud is a system that allows surplus energy, i.e. energy produced by customers' solar panels that cannot be consumed at the moment, to be deducted from the electricity bill. Its business segments are; Commercialization (Electricity & Gas), Representation (Electricity), and Solar. | $1 | -34% | $32M | $74M | 0.4x | (7.8x) | ||
| Beam Global produces sustainable technology for electric vehicle (EV) charging, outdoor media, and energy security, without the construction, disruption, and costs of grid-tied solutions. Its products are founded upon its patented EV ARC and Solar Treelines and include BeamTrak patented solar tracking, and ARC Technology energy storage, along with EV charging, outdoor media, and disaster preparedness packages. From start to finish, the company develops, patents, designs, engineers, and manufactures renewably energized products that help the environment, empower communities, and keep people moving. | $1 | -2% | $32M | $31M | 1.1x | (2.7x) | ||
| ML System SA is engaged in the design, engineering and production of building-integrated photovoltaic (BIPV) cell systems which generate electrical power from sunlight. It offers Energy Photovoltaics including BIPV modules, BIPV cells, Photovoltaic IGUS, Photovoltaic architecture systems, standard photovoltaic modules and fastening systems. Its other offerings includes Building Management System which includes enegry management systems and security systems. | $4 | -9% | $31M | $75M | 1.7x | (68.4x) | ||
| Zeo Energy Corp is a vertically integrated provider of residential solar energy systems, other energy-efficient equipment, and related services currently serving customers in Florida, Texas, Arkansas, and Missouri. Its primary business activity is selling and installing residential solar energy systems that homeowners use to supplement the amount of usable electricity required to power their homes. | $1 | -70% | $31M | $30M | 0.4x | (2.8x) | ||
| SolarMax Technology Inc is an integrated solar and renewable energy company. It operates in two segments namely the United States and China. The United States business includes the sale and installation of photovoltaic and battery backup systems. China operations consist of operating and maintaining solar farm projects and identifying and procuring solar farm projects for resale to third parties. Some of its products are LG Solar Panels, QCELL Solar Panels, Panasonic Solar Panels, and others. The company generates a majority of its revenue from the Solar energy systems. | $1 | -51% | $30M | $62M | 0.7x | (13.9x) | ||
| CHAR Technologies Ltd. is a Canada-based cleantech development and environmental services company. The Company is specialized in high temperature pyrolysis (HTP), converting woody biomass and organic materials into renewable energy (renewable natural gas (RNG) or green hydrogen) and valuable biocarbon (biocoal CleanFyre, biochar, or activated biochar SulfaCHAR). Its additional services include environmental compliance, environmental management, engineering and resource efficiency. The Company's subsidiaries include Char Biocarbon Inc., Altech Environmental Consulting Ltd., Char Technologies Thorold Inc., and Char Technologies USA. | $0 | -- | $26M | $26M | 16.4x | 78.7x | ||
| Informetis Co Ltd is engaged in the energy-Informatics business which includes sales, engineering and developing proprietary energy sensor, data-mining, in-house designed IoT data platforms to handle energy data, development of end-user apps, creation of new services that benefit the created values out of energy data. | IoT+3 | $4 | -27% | $24M | $26M | 7.6x | (7.4x) | |
| Dotz Nano Ltd is involved in developing, manufacturing and commercializing innovate solutions addressing world-wide environmental and industrial challenges, utilizing its carbon-based nano technologies. The Group two areas of focus are: In-product tagging solutions for anticounterfeiting and monitoring for the oil & gas and chemicals sectors; and Carbon-based sorbent technology for industrial decarbonization and sustainability. | $0 | -- | $22M | $25M | 87.7x | (3.8x) | ||
| Turbo Energy SA is a company that specializes in designing, developing, and distributing equipment for the generation, management, and storage of photovoltaic energy. The company's primary activities include acquiring, distributing, and selling electrical and electronic materials for renewable energy projects, such as solar panels, inverters, chargers, regulators, batteries, and structures. The storage products are managed through a software system optimized by artificial intelligence, which is controlled from the cloud and through the installation inverter. Turbo Energy sells inverters, batteries, and photovoltaic modules to installers and other distributors for residential consumers in Spain. Geographically it operates in Spain, Europe, and Rest of the world. | $2 | -24% | $21M | $29M | 1.2x | (43.7x) | ||
| Lemon Sistemi SpA is an Italian company that specializes in solar energy systems. It focuses on designing, installing, and maintaining photovoltaic systems for homes and businesses. Its product portfolio includes Sunpower photovoltaic, Solar Thermal, Renewable heating systems, Storage systems, and Electric car charging stations. | $2 | -12% | $17M | $21M | 2.1x | 3.8x | ||
 | Energisme SA provides an intelligent platform to help organizations to automate the real-time control of their energy performance. The company is capable of capturing, securing and automating data flows, it facilitates and accelerates customer decision-making relating to energy management, equipment provisioning and long-term consumption control objectives. It has developed a SaaS 2 platform, called N'Gage, allowing actors industrial, tertiary and public sectors to control and manage their energy consumption. | $0 | +21% | $17M | $22M | 3.5x | 1.1x | ||
 | Astrasun Solar PCL plays key role in the Hungarian renewable energy market. Astrasun is a solar power plant project developer Company, and invests in green energy. | $1 | +14% | $17M | $22M | 4.3x | 4.9x | ||
| Sunex SA is a manufacturer of solutions based on renewable energy sources. The company offers Heat pumps, Solar panels, Thermo-siphons, Assembly systems, Connection systems, Water heater tanks, Pump stations, Heat exchange-stations, Heat carriers, Custom products and Solar controllers. | $1 | -60% | $17M | $51M | 0.9x | (46.3x) | ||
| Gigasun AB is an solar energy company. It offers solar energy solutions to medium and large Chinese companies and organizations. It finances, owns and operates roof-mounted solar energy installations in China. | $0 | -1% | $14M | $152M | 7.0x | 9.2x | ||
| EPX Ltd is an efficiency platform provider. It is a data as a service platform that delivers sector cost and energy efficiency in buildings. EPX is a leader in reducing energy costs and delivering energy efficiency in the built environment. Its EDGE platform collects BMS, metering and operational data from 700+ buildings, 7.5+ million sqm portfolio, in over 25 countries. | $0 | -- | $12M | $11M | 1.0x | (7.4x) | ||
| Rubicon Water Ltd is engaged in the water technology solutions business that designs, manufactures, installs, and maintains irrigation automation software and hardware. It generates revenue through sales of hardware, software, and services, as well as from ongoing maintenance of the installed end-to-end solution base. | $0 | -- | $12M | $29M | 0.6x | (23.2x) | ||
| NoviqTech Ltd is a company which operates through its subsidiary TYMLEZ Group Ltd delivers novel and new technologies to organisations across the globe in sectors from maritime to regenerative agriculture, empowering them to make more informed decisions, track their carbon emissions with precision, and validate the authenticity of their products' origins all in real-time. NoviqAI's solutions deliver's supply chain traceability following the ethos of sustainability and carbon emissions reporting. Through the For personal use only use of DLT and Artificial Intelligence, NoviqAI will offer traceability solutions to various sectors including food, pharmaceuticals, fashion, and electronics while also prioritizing sustainability. | $0 | -- | $12M | $12M | 1811.0x | (5.9x) | ||
| Profithol SA focuses on construction, installation, promotion, operation and maintenanceof all types of solar and photovoltaic energy installations. | $1 | +21% | $11M | $17M | 1.0x | 0.5x | ||
| Remor Solar Polska SA is a solar mounting system manufacturer. It is engaged in offering mounting solutions for all types of solar projects, and also offers technical planning, as well as installation services for all REMOR Solar mounting systems. The products of the company include Roof Hooks, Mounting Rails, Rails connectors, Clamps and Brackets, Screws and Nuts, Flat Roof Components, and others. | $1 | -15% | $11M | $11M | 0.5x | 13.0x | ||
| Absolicon Solar Collector AB is a supplier of solar concentrators. The company is engaged in developing, manufacturing and selling solar energy systems. Its solar heat is used in Apartments, Solar district heating, Food industry, Hospitals, Hotels, Power Plant and Sports centers. It operates in approximately 3 continents. | $1 | +95% | $9M | $9M | 68.1x | (8.7x) | ||
| Optec International Inc is a provider of green technologies for continued reduction of fossil fuel usage, pollution and greenhouse gas emissions. It is engaged in the distribution of Green technologies, the OPTEC Fuel Maximizer and the OPTEC Led Solar lighting systems. The company is also involved in the distribution of Optec UV-C technology Solutions, PPE and related healthcare products. Its OPTEC Fuel Maximizer products is a patented plug-in-play aftermarket automotive device. | -- | -- | $8M | $8M | - | - | ||
| Acceleware Ltd is a developer of electromagnetic heating technologies delivering next-generation radio frequency (RF) power-to-heat solutions for large-scale industrial applications. Its technologies are designed to reduce energy use and heating costs, while enabling meaningful decarbonization. The company’s patented, Clean Tech Inverter is being applied to improve efficiency and lower costs in amine regeneration. It is also in development with potash producers to economically decarbonize ore drying and other critical mineral processes. RF XL, the company’s low-cost, low-carbon RF thermal recovery technology that promises to increase and accelerate heavy oil production for operators. | $0 | -38% | $8M | $10M | 19.1x | (13.1x) | ||
| Energeia AS develops, manages and owns renewable energy projects based on PV solar power plants. | $1 | -69% | $8M | $13M | 2.2x | (6.2x) | ||
| ReTo Eco-Solutions Inc is a manufacturer and distributor of eco-friendly construction materials and fly ash, as well as equipment used to produce these eco-friendly construction materials. The company engaged in providing consultation, design, project implementation, and construction of urban ecological environments for capturing, controlling, and reusing rainwater. It operates through two segments, namely Machinery and Equipment sales, and Technology Consulting and other services. The company earns its revenue from the Machinery and Equipment sales segment. Geographically, it derives a majority of its revenue from China. | $2 | -- | $8M | $10M | 2.9x | (0.9x) | ||
| Starhedge SA is a Poland-based company active in the renewable energy sector. The company has made investments in the renewable energy sector by acquiring shares in companies that own photovoltaic panels and specialize in services related to the sale and distribution of energy. | $0 | -30% | $6M | $7M | 0.9x | (3.7x) | ||
 | PT Sky Energy Indonesia Tbk is an Indonesia-based company that engages in the manufacture and sale of solar modules. The company's portfolio includes generation of electricity, production of renewable energy from the solar farm, distribution of energy for public consumers, manufacturing of alternative energy sources like solar farms, and providing solar energy for the home system. Its product and services include Solar system, Solar Panels, Solar Mounting System, Battery, System Solution, Energy Storage Solution, JskyeLED, and others. | $0 | -- | $6M | $15M | 3.2x | (2.6x) | ||
| Gosol Energy Group AB is a comprehensive supplier of energy solutions with a focus on solar cells, charging infrastructure and battery solutions for private individuals and companies. | $0 | -25% | $5M | $2M | 0.1x | 5.5x | ||
| Erato Energy SA is engaged in tailored photovoltaic installations. It deals with photovoltaics which includes the assembly of sets of devices that produce electricity from solar energy. The elements of the photovoltaic set include Photovoltaic panels, Inverter, Wiring & security. | $0 | -- | $5M | $6M | 1.0x | 26.7x | ||
| Maxeon Solar Technologies Ltd is engaged in the manufacturing and marketing of premium solar technology. It owns and operates solar cell and panel manufacturing facilities located in Malaysia, Mexico, and the Philippines. The company's primary products are the Maxeon line of interdigitated back contact (IBC) solar cells and panels, and the Performance line (formerly, P-Series) of shingled solar cells and panels. the Maxeon line of solar panels are the highest-efficiency solar panels on the market with an aesthetically pleasing design, and the Performance line of solar panels offers a high-value and cost-effective solution. It is targeted at residential and small-scale commercial customers across the globe. The company derives its revenue from the United States, Italy, and Rest of world. | $0 | -92% | $4M | $307M | - | - | ||
| Voolt SA is engaged in the construction of medium and large photovoltaic installations. The company offers design and implementation of ecological solutions in households, the commercial sector and in local government units. Its solutions are based on photovoltaics, storage, and renewable energy management, support the development of businesses and urban areas. | $0 | -55% | $4M | $4M | 185.3x | (35.1x) | ||
| Acadia Energy Corp develops microgrid solutions called Sustainability Hubs for local communities. Acadia Energy has developed a software platform called InSite which manages the power generated and stored on the microgrid as well as the renewable attributes associated with renewable energy. A new software overlay is being engineered to accommodate the new NYC Law 97, which will have AI recognition capabilities. | $0 | -24% | $3M | $3M | - | - | ||
| Niutech Group sells and installs innovative solutions within green digital infrastructure that accelerate the transition to efficient and fossil-free energy solutions. It offer includes solutions within digital infrastructure, solar energy and electrical installation. | $0 | -76% | $3M | $5M | 0.3x | (0.6x) | ||
| Foto Volt Eko Energia SA offers consulting and installation of photovoltaic installations for companies, housing cooperatives, housing associations and production plants. The company installs photovoltaic power plants for companies on flat roofs of halls, based on ballast systems; on sloping roofs; and on the ground. | $0 | -47% | $2M | $3M | 4.2x | (15.7x) | ||
| T&T Proenergy SA Formerly 01Cyberaton SA is engaged in the realization of all kinds of photovoltaic projects ranging from large systems development and ending with the domestic micro-solar installations. The company focuses on two areas namely Photovoltaics and Energy. It produces and distributes electric power in Poland. | $0 | -45% | $2M | $5M | 293.8x | (2.3x) | ||
| Windon Energy Group AB operates in the energy sector. The company is a supplier of solar cell systems and offers complete system installation consisting of solar panels. Its product offering comprises solar panels, inverters, and montagesystem. | $0 | -72% | $1M | $1M | 0.7x | (1.6x) | ||
-- | - | $0 | -- | $948K | ($200M) | (1.2x) | 0.9x | ||
| Median | $2 | -4% | $79M | $139M | 2.7x | 4.5x |
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