Emerging forms of soft, flexible, and stretchable electronics promise to revolutionize the electronics industries of the future offering radically new products that combine multiple functionalities, including power generation, with arbitrary form factor. For example, skin‐like electronics promise to transform the human‐machine‐interface, but the softness of the skin is incompatible with traditional electronic components. To address this issue, new strategies toward soft and wearable electronic systems are currently being pursued, which also include stretchable photovoltaics as self‐powering systems for use in autonomous and stretchable electronics of the future. Here recent developments in the field of stretchable photovoltaics are reviewed and their potential for various emerging applications are examined. Emphasis is placed on the different strategies to induce stretchability including extrinsic and intrinsic approaches. In the former case, engineering and patterning of the materials and devices are key elements while intrinsically stretchable systems rely on mechanically compliant materials such as elastomers and organic conjugated polymers. The result is a review article that provides a comprehensive summary of the progress to date in the field of stretchable solar cells from the nanoscale to macroscopic functional devices. The article is concluded by discussing the emerging trends and future developments. Flexible and stretchable solar cells are important for a range of emerging applications such as electronic skins, e‐textiles, wearable displays and health sensors, among others. An overview of stretchable optoelectronics is provided, where the benefits of stretchable solar cells are addressed, and the progress made in this field in terms of efficiency and strategies to achieve mechanical stretchability are underlined.