NEW YORK ( TheStreet) -- Trina Solar ( TSL), ReneSola ( SOL) and GT Solar ( SOLR) are among the 10 energy stocks with the best returns on equity. These 10 stocks' returns on equity over the past 12 months ranged from about 34% to more than 300%.

In comparison, energy giants Exxon Mobil ( XOM), Chevron ( CVX), ConocoPhillips ( COP), BP ( BP) and Total ( TOT) had returns on equity ranging between -3.8% and 23.7% over the same period.

Analysts expect most of these 10 energy stocks to outperform their peers and the broader markets, based on analysts' 12-month price targets. These targets also indicate that these stocks could rise up to 69% over the next year.

These 10 stocks are listed based on return on equity, and are ranked lowest to highest.

Please note that we calculate return on equity by subtracting cash preferred dividends from net income for the past 12 months and then dividing the result by average common shareholder equity.

10. Trina Solar ( TSL) manufactures solar-power products such as photovoltaic wafers, ingots, cells and modules.

For the fourth quarter, the company's earnings per share were $1.87, compared with 74 cents a year ago and $1.08 in the third quarter. For all of 2010, EPS was $4.18, a significant increase from $1.68 in 2009.

The stock's return-on-equity was 33.7% during the past 12 months, whereas China Sunergy's ( CSUN) was -5.8%, Solarfun Power Holdings' ( SOLF) was -5.9% and First Solar's ( FSLR) was 30.7%.

On average, analysts polled by Bloomberg have a consensus 12-month price target of $36.00, 38% higher than the stock's recent price.

The stock's current forward price-to-earnings ratio is 6.1. Of the 32 analysts covering the stock, 25 rate it a buy, three rate it a hold and four rate it a sell.

9. ReneSola ( SOL) is a global manufacturer of solar wafers and solar power products.

The company reported earnings of 70 cents per share for the fourth quarter, vs. a loss of 12 cents per share a year earlier. For all of 2010, earnings per share were $1.96, a significant turnaround from the loss of 43 cents a share in 2009. In 2008, the company lost 42 cents a share.

Of the 15 analysts covering the stock, 12 rate it a buy, while three rate it a hold. During the past year, the stock gained a stellar 79%. Analysts think it could rise much more. The average 12-month price target from analysts surveyed by Bloomberg is $15.30, 69% higher than the stock's recent price.

The stock is trading at an attractive forward price-to-earnings ratio of 4.3. In comparison, Kyocera ( KYO) has a P/E of 11.7, Suntech Power Holdings ( STP) has one of 6.6 and Canadian Solar ( CSIQ) has one of 6.7.

8. Sunoco Logistics Partners ( SXL) acquires, owns and operates refined product and crude oil pipelines and terminals.

Analysts polled by Bloomberg expect the company to report EPS of $1.37 for the first quarter, vs. $1.06 a year earlier. EPS was $1.42 in the fourth quarter of 2010.

Analysts forecast EPS of $6.24 for 2011 and $6.65 for 2012.

The stock's return on equity was 37.9% during the past 12 months, whereas Sunoco's ( SUN) was 8.4%, Buckeye Partners' ( BPL) was 5.3%, NuStar Energy's ( NS) was 9.2% and TransMontaigne Partners' ( TLP) was 8.4%.

On average, analysts surveyed by Bloomberg foresee the stock gaining 3%. Of the 12 analysts covering the stock, two rate it a buy, two rate it a hold and eight rate it a sell.

7. Holly Energy Partners ( HEP) operates a system of petroleum product and crude oil pipelines, storage tanks and distributing terminals in western Texas, New Mexico, Utah, Arizona, Oklahoma, Idaho and Washington.

The company reported EPS of 68 cents for the fourth quarter, vs. EPS of 36 cents a year earlier and 68 cents in the third quarter.

Analysts expect 2011 EPS of $2.57 and 2012 EPS of $2.76. EPS was $2.12 in 2010.

The stock's return on equity was 38.8% during the past 12 months, whereas Plains All American Pipeline's ( PAA) was 12.0%, Enbridge Energy Partners' ( EEP) was -5.6% and Magellan Midstream Partners ( MMP) was 23.5%.

Over the past year, the stock's return was 30.3%.

6. Core Laboratories ( CLB) provides reservoir description, production enhancement and reservoir management services to the oil and gas industry.

The company reported EPS of 81 cents for the fourth quarter, vs. 50 cents a year earlier and 79 cents in the third quarter.

Analysts polled by Bloomberg forecast EPS of $3.70 for 2011 and $4.51 for 2012, up from $3.00 reported for 2010.

The stock's return on equity was 51.0% during the past 12 months, whereas Schlumberger's ( SLB) was 17.0%, Halliburton's ( HAL) was 19.2% and McDermott International's ( MDR) was 12.4%.

On average, analysts polled by Bloomberg expect the stock to gain 8% over the next 12 months. Of the 12 analysts covering the stock, eight rate it a buy and four rate it a hold.

5. Quicksilver Resources ( KWK) is engaged in the acquisition, development, exploration, production and sale of natural gas and crude oil.

The company reported EPS of $1.77 for the fourth quarter, vs. 19 cents a year before and 13 cents in the third quarter.

The stock's return on equity was 51.3% during the past 12 months, whereas Chesapeake Energy's ( CHK) was 14.4%, Southwestern Energy's ( SWN) was 22.8% and Cimarex Energy's ( XEC) was 24.7%.

Analysts polled by Bloomberg on average expect the stock to gain 5% over the next 12 months, to $15.80. Of the 23 analysts covering the stock, five rate it a buy, and 16 rate it a hold.

4. Ultra Petroleum ( UPL) is engaged in the development, production, operation, exploration and acquisition of oil and natural gas properties.

On average, analysts surveyed by Bloomberg predict EPS of 60 cents for the first quarter, vs. EPS of $1.31 a year before.

Analysts forecast EPS of $2.68 for 2011 and $2.80 for 2012.

The stock's return on equity was 52.0% during the past 12 months, whereas Continental Resources' ( CLR) was 15.0%, Oasis Petroleum's ( OAS) was -8.2% and Bill Barrett's ( BBG) was 7.4%.

On average, analysts surveyed by Bloomberg have a 12-month price target of $51.00, up 13% from the stocks recent price. Of the 24 analysts covering the stock, eight rate it a buy, 15 rate it a hold and one rates it a sell.

3. EXCO Resources ( XCO) engages in the exploration, development and production of onshore oil and natural gas properties.

The consensus analyst estimate of analysts surveyed by Bloomberg is for EPS of 15 cents in the first quarter, vs. 54 cents a year earlier. For all of 2011, analysts forecast EPS of 72 cents.

The stock's return on equity was 52.0% during the past 12 months. In comparison, Anadarko Petroleum's ( APC) was 3.7%, EOG Resources' ( EOG) was 1.6% and Range Resources' ( RRC) was -10.4%.

Of the 11 analysts covering the stock, two rate it a buy and nine rate it a hold. The average price target of analysts surveyed by Bloomberg is $21.50, 5% above the stock's recent price.

2. GT Solar International ( SOLR) provides polysilicon production technology, crystalline ingot growth systems and related photovoltaic manufacturing services for the solar industry.

Analysts polled by Bloomberg foresee the company reporting EPS of 34 cents for the fiscal 2011 fourth quarter, which ends March 31. EPS was 23 cents for the year-ago quarter. Analysts expect EPS of $1.36 for fiscal 2011 and $1.42 for fiscal 2012, up from $1.08 per share reported for fiscal 2010.

The stock's return on equity was 66.9% during the past 12 months, topping peers. GT Solar's current forward price-to-earnings ratio is 8.5.

On average, analysts surveyed by Bloomberg have a 12-month target price of $13.40, up 34% from the stock's recent level. Of the 15 analysts covering the stock, 11 rate it a buy, while four rate it a hold.

1. Energy Transfer Equity ( ETE) is a limited partnership engaged in the natural gas midstream, transportation and storage business, as well as a retail propane business.

Analysts surveyed by Bloomberg predict EPS of 51 cents in the first quarter, vs. 50 cents in the year-ago quarter. Analysts forecast EPS of $2.21 for all of 2011 and $2.49 for all of 2012. The company reported EPS of $1.19 for 2010.

The stock's return on equity was 319.1% during the past 12 months, whereas Enterprise Products Partners' ( EPD) was 4.8%, Kinder Morgan Energy Partners' ( KMP) was 19.0% and ONEOK Partners' ( OKS) was 15.1%.

Of the analysts covering the stock, nine rate it a buy, and one rates it a hold. The average 12-month price target of analysts surveyed by Bloomberg is $43.30, up 10% from recent levels.

>>To see these stocks in action, visit the 10 Energy Stocks to Watch portfolio on Stockpickr.