NEW YORK ( TheStreet) -- ReneSola ( SOL), Trina Solar ( TSL), JA Solar Holdings ( JASO), China Sunergy ( CSUN), GT Solar International ( SOLR), Yingli Green Energy Holding ( YGE), LDK Solar ( LDK), Jinko Solar ( JKS), Canadian Solar ( CSIQ) and SunPower ( SPWRA) are solar stocks offering upsides of up to 108%, according to analysts' 12-month price targets.

In comparison, integrated oil and gas majors ExxonMobil ( XOM), Total ( TOT), BP ( BP), ConocoPhillips ( COP) and Chevron ( CVX) have upsides of -4% to 15%, according to consensus estimates of 12-month target prices.

The solar sector's long-term prospects are intact, as per industry experts. Currently, solar energy accounted for less than 0.1% in the overall energy mix in the U.S. The contribution could grow to around 10% of the country's power needs by 2025, according to Clean Edge, a research and advisory firm dedicated to the clean energy sector.

The following 10 solar stocks have buy ratings in the range of 38%-86% and are expected to gain up to 108% over the next 12 months with a mean upside value of around 43%, according to analysts polled by Bloomberg.

10. Canadian Solar ( CSIQ) is a vertically integrated provider of ingot, wafer, solar cell, solar module and other solar applications.

Net revenue for the third quarter of 2010 was $377.2 million, compared to $213.1 million for the same quarter in 2009. Net income for the reporting quarter was $20.3 million, compared to $25.3 million in the corresponding quarter of the prior year. Shipments expanded to 200.4 MW from 102.6 MW made during 2009 third quarter.

As part of its market diversification strategy, the company has increased sales to the Asia-Pacific region and North America. Nonetheless, Europe remains the company's highest revenue contributor. The company recently signed a sales contract with Germany-based S.A.G. Solarstrom AG to supply 60 MW of PV modules in 2011 for deployment in Germany and Italy.

9. SunPower ( SPWRA) is a solar products and services company that designs, manufactures and sells solar electric power technologies.

For 2010 fourth quarter, the company's revenue increased to $937 million from $547.9 million in the same quarter of 2009. Gross margin improved to 25.4% from 20.3% in the same quarter last year. Net income spurted to $152 million, up from $8.5 million in the same quarter in 2009.

Commenting on the company's outstanding performance, Tom Werner, SunPower CEO, said in a press statement, "Operationally, we successfully integrated our acquisition of SunRay Renewable Ventures which significantly contributed to recognizing revenue on more than 100 megawatts of power plants in Europe in 2010. We also increased our global dealer network to 1,500 partners and are on our way to 2,000 partners this year. Due to the success of our accelerated cost reduction roadmap, we are on plan to achieve our efficiency-adjusted panel cost goal of $1.08 per watt in the fourth quarter of 2011. Given our strong 2010 performance, robust downstream demand and strong visibility, we are confident in our ability to deliver on our improved 2011 plan."

8. GT Solar International ( SOLR) is a global provider of polysilicon production technology, and sapphire and silicon crystalline growth systems and materials for the solar, LED and other specialty markets.

For 2011 third quarter, revenue was $263 million, corresponding to a 51% increase, or $173.6 million, in the third quarter of 2010. Gross profit for 2011 third quarter stood at $122.1 million, up from $76.7 million reported for the third quarter of 2010. Operating margin was 36.1%, compared to 33.2% in 2010 third quarter. Net income rose 73% to $63.6 million in the third quarter of 2011 from $36.8 million during the same quarter last year.

Based on the company's guidance for fiscal 2011, revenue is expected in the range of $835 million-$860 million, up from the earlier guided $775 million to $850 million.

7. China Sunergy ( CSUN) is a China-based manufacturer of solar cell and module products. The company sells solar products to Chinese and overseas module manufacturers and system integrators.

In February 2011, the company entered into a long-term wafer supply agreement with GCL-Poly Energy Holdings, one of the world's leading wafer suppliers. Under the agreement, GCL-Poly will supply approximately 4,400 MW of wafers over the next six years. Delivery commenced in February 2011 and completion is expected in December 2016. The company recently signed supply contracts in Switzerland and Italy.

Around 43% of analysts covered by Bloomberg rated a buy and the stock is expected to deliver 35% in the next one-year.

6. LDK Solar ( LDK) is a leading vertically integrated manufacturer of PV products and the world's largest producer of multi-crystalline solar wafers.

The management guided improved business performance for 2010 fourth quarter and full-year 2011. The company expects revenue in the range of $870 to $910 million, wafer shipments of 615 to 620 megawatts (MW), module shipments of 160 MW to 165 MW and gross margin between 25% and 27% for 2010 fourth quarter.

For full-year 2011, LDK Solar expects revenue in the range of $3.5 to $3.7 billion, wafer shipments of 2.7 to 2.9 gigawatts (GW), module shipments of 800 MW to 900 MW and gross margin between 23.0% and 28.0%.

Analysts polled by Bloomberg are positive on the stock and it is expected to deliver around 37% return in a year's time.

5. Yingli Green Energy Holding ( YGE) is the largest vertically integrated photovoltaic manufacturers worldwide. The U.S. accounts for 10% of the company's global sales, while China has a 70% share.

During the fourth quarter of 2010, net revenue was $616.1 million and PV module shipments were up 21.6% sequentially, reaching historical highs. Gross profit stood at $202.7 million, representing a gross margin of 32.9% for the fourth quarter. While operating income was $142.9 million, indicating an operating margin of 23.2%. Net income for the same quarter was $84 million.

The company expects PV module shipments for 2011 between 1,700 MW and 1,750 MW, up 60.1%-64.8% compared to fiscal year 2010.

4. JA Solar Holdings ( JASO) is a China-based manufacturer of high-performance solar power products.

Revenue for 2010 fourth quarter came in at $584.3 million, increasing 137% from $246.5 million registered in the fourth quarter of the prior year. Gross margin dropped to 19.2% from 20.6% in the fourth quarter of 2009. Gross profit increased to $112.2 million from $50.8 million in same quarter of 2009.

Total shipments for 2010 fourth quarter were 463 megawatt (MW), growing 100% from 231MW in the same period last year. Based on demand, JA Solar expects total cell and module shipments to exceed 2.2GW in 2011, or a 50% increase from 2010.

3. Trina Solar ( TSL) is a China-based solar-power products manufacturer with a distribution network panning Europe, North America and Asia.

Net revenue for 2010 fourth quarter was $641.8 million, a 104.9% year-over-year increase. Jifan Gao, CEO Trina Solar, said in a press statement, "Our growth in 2010 demonstrates the successful execution of our strategy to expand sales across distribution segments and geographic end markets in North America and other exciting photo voltaic markets such as India, Australia and China."

Gross margin was 31.4%, lower than 32.6% in the fourth quarter of 2009. Operating margin reported was 22.6%, compared to 20.6% in the prior year's fourth quarter. Net income was $145.3 million, including net foreign currency exchange gain, compared to net income of $48.8 million during the fourth quarter of 2009.

Solar module shipments for the latest fourth quarter were approximately 351 MW, up 114.3% year-over-year.

2. Jinko Solar ( JKS) is a China-based vertically integrated solar power product manufacturer with low-cost operations.

For 2010 fourth quarter, the company's solar product shipments were higher than initially guided at 162.6 megawatts, representing a 20.6% sequential growth and 65.9% year-over-year growth.

Total revenue stood at $267.7 million, up 156.9% year-over-year, exceeding the company's guidance of $210 million to $220 million. Gross margin was 28.5%, compared to 16.2% for the fourth quarter of 2009. Net income was $55.8 million, an increase of 41.9% sequentially and 340% year-over-year.

Reviewing the business performance, Kangping Chen, JinkoSolar's CEO, said in a press statement, "Throughout 2010 we expanded our business both in scale and in reach. Our successful IPO and follow-on offering significantly increased our brand awareness and helped us increase our market share, while strengthening our balance sheet and improving our bankability. Our dedicated sales and marketing teams, with new sales offices in Munich and San Francisco, established a number of long-term partnerships with leading global solar companies in Europe and North America while also capturing opportunities in fast-growing markets."

1. ReneSola ( SOL) is a China-based manufacturer of solar wafers and solar module products.

Net revenue during the fourth quarter of 2010 was up 7.7% from the third quarter of 2010. Net income came in at $61 million as against a loss of $28.1 million in the same quarter last year.

Julia Xu, ReneSola's CFO, commented, "Our strategic execution in 2010 generated strong operating cash flows and prudent capital expenditures that have significantly improved our balance sheet. Our net debt-to-equity ratio has been reduced to 33.8% in 2010 from 104.9% in 2009, positioning us well as we look to capture market share through capacity expansions. In addition to record revenues of US$1.2 billion and record shipments of 1.2 GW, we achieved impressive gross and operating margins of 28.9% and 20.4%, respectively, for the full year 2010."

The company managed to secure 20 long-term contracts in 2010, representing about 1.3 gigawatt of expected wafer sales in 2011. Total solar wafer and module shipments for full-year 2010 were at a record 1.18 gigawatt.

>>To see these stocks in action, visit the 10 Solar Stocks With Upside portfolio on Stockpickr.