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Today is 25th December 2024 and I have brought some of the very interesting stocks or shares that you should definitely see.
It is said that India as a country is planning for target of producing 50% Energy from Solar energy rather than fossil fuel. So in next 5 years and then on you can see great amount of progress in the RENEWABLE energy sector.
So in this blog you are going to get info on some of the Solar Energy & Renewable Energy related stocks.
So let’s start with 1) Azad Engineering ltd :
Recent News :
Azad Engineering has entered into a supply agreement with Arabelle Solutions France, a French company, to provide crucial and highly complex rotating and stationary components for the global nuclear power generation industry. The agreement is valued at USD 40 million (approximately ₹340 crore) for its entire term. This marks the beginning of a strategic collaboration between Azad Engineering and Arabelle Solutions France, aimed at addressing the growing global demand for nuclear power generation components.
In last 52 weeks Azad Engineering ltd. has given low levels of 642.40 rupees and higher levels of 2080 rupees and the company shows quite strong growth in last 1 year.
2) Websol Energy System Ltd :
Recently Websol energy has announced about capacity addition of extra 600 MW at Falta location in West Bengal.
The company has shown tremendous growth over last few years.
The company has demonstrated impressive performance over the past year, with a 52-week high of ₹1,855 and a low of ₹243.30. Currently trading at ₹1,816, the stock remains strong, reflecting investor confidence. Additionally, the company has enhanced its capacity by 600 MW, which is expected to further strengthen its position in the market and contribute to its growth trajectory.
3) Alpex Solar Ltd :
Alpex Solar Ltd got listed since last February 2024 and the company share has shown very nice growth in last few months.
Over the last 52 weeks, Alpex Solar Ltd has exhibited significant growth, with a high of ₹1,131.70 and a low of ₹235.
If Alpex Solar Ltd gets some of the big deals in the future like Azad Engineering then we can say that the company might show extra strength in their performance in the future also.
4) Waaree Energies Ltd :
Recent News regarding Waaree Energies Ltd :
On 19 December 2024, after market hours, Waaree Energies officially announced updates about its operations and financial performance. As the largest manufacturer of solar PV modules in India, Waaree Energies has an impressive aggregate installed capacity of 12 GW. The company is involved in manufacturing solar photovoltaic modules, executing solar projects, and selling electricity. It operates five manufacturing facilities in India across 143.01 acres, with units located in Surat, Tumb, Nandigram, Chikhli (Gujarat), and Noida (Uttar Pradesh).
In Q2 FY25, Waaree Energies reported a **14.77% increase in consolidated net profit**, reaching ₹361.65 crore compared to ₹315.09 crore in Q2 FY24. Revenue from operations grew modestly by **1.04% YoY**, amounting to ₹3,574.38 crore for the quarter ending 30 September 2024.
Despite the positive financial results, shares of Waaree Energies declined by **1.76%** during trading, currently priced at ₹2,985 on the BSE. The decline might reflect broader market conditions or profit-booking by investors.
Over the past 52 weeks, Waaree Energies has demonstrated notable stock performance, with a high of ₹3,743 and a low of ₹2,300. Currently trading at ₹2,868, the stock remains at a robust level, reflecting strong investor confidence. Additionally, the company has expanded its manufacturing capacity to an impressive 12 GW, solidifying its position as the largest solar PV module manufacturer in India. This capacity growth, coupled with its consistent financial performance, positions Waaree Energies for sustained growth in the renewable energy sector.
5) Suzlon Energy Ltd :
Recent News about Suzlon Energy Ltd.
JSP Green Wind 1, a subsidiary of Jindal Renewables, has awarded Suzlon Energy a **302.4 MW wind power project** in the Koppal region of Karnataka. This initiative aims to support India’s transition to green steel production by powering steel plants with renewable energy.
Suzlon will supply **96 S144 wind turbine generators (WTGs)**, each with a capacity of **3.15 MW**, mounted on hybrid lattice towers (HLT). This marks a significant step forward for Suzlon, whose total order book has reached a record **5.4 GW**, with **Commercial and Industrial (C&I) customers accounting for 56%** of the orders—its highest-ever level.
The energy produced by this project will be utilized for captive consumption in **steel plants in Chhattisgarh and Odisha**, improving operational sustainability and contributing to the reduction of carbon emissions in steel manufacturing. This collaboration underscores the growing integration of renewable energy in industrial operations, paving the way for a greener future.
Suzlon Energy went public in October 2022 and this recent news regarding a new Wind Power Project should be a good growth factor for the company.
6) Sterling and Wilson Renewable Energy Ltd :
Sterling & Wilson Renewable Energy Ltd has announced receiving a **Letter of Intent (LoI)** for a significant new order worth approximately **₹1,200 crore** in Gujarat.
The order involves the **Design, Engineering, Procurement, and Construction (EPC)** of the Balance of System (BOS) for a **500 MW (AC) Solar PV project**. As part of the agreement, Sterling & Wilson will take on **single-point responsibility** for the EPC work and provide **comprehensive operations and maintenance (O&M)** services for a period of **three years**.
This prestigious project highlights the company’s expertise in large-scale solar infrastructure development and reinforces its position as a leading player in the renewable energy sector.
Sterling and Wilson Renewable Energy Ltd has demonstrated a 52-week high of **₹828** and a low of **₹423.6**, showcasing a broad trading range over the past year. This performance reflects the volatility and opportunities within the renewable energy sector, as the company continues to play a pivotal role in the industry.
The recent company achievement with 500 MW Solar PV project might turn out to be a good growth factor for the investors.
Conclusion and Analysis :
So these 6 Solar Energy related companies I have closely observed which have been giving good results in last 1-2 years.
As mentioned earlier India have their own agenda of investing in Renewable Energy and Solar Energy sector so you might see more Solar companies coming into the share market for sure.
So the future of Solar Energy market is looking in growth for at least for 5 years and so on, so investing for long term in RENEWABLE ENRGY companies and SOLAR ENERGY related companies should be a good idea.
Happy Investing