Top Renewable Energy Stocks In India

The table below shows the Best Renewable Energy Stocks based on Market Capitalization.

Introduction to Renewable Energy Stocks 2024

Adani Green Energy Ltd

Adani Green Energy Ltd is a leading renewable energy company in India, focused on developing, building, and operating solar and wind power projects. Founded in 2015, it is part of the Adani Group, owned by billionaire industrialist Gautam Adani.

Market Cap: ₹1,48,368.40 Crore
Close Price: ₹945.60
1M Return: 6.97%
6M Return: -45.99%
1Y Return: -47.80%
5Y CAGR: 37.29%
5Y Average Net Profit Margin: 7.01%

NTPC Green Energy Ltd

NTPC Green Energy Ltd, a subsidiary of NTPC, focuses on green energy initiatives through solar and wind power projects. It plays a pivotal role in India’s energy transition, supporting the shift to sustainable and renewable energy sources.

Market Cap: ₹83,353.25 Crore
Close Price: ₹105.76
1M Return: 3.22%
6M Return: -13.06%
1Y Return: -13.06%
5Y CAGR: Not Available
5Y Average Net Profit Margin: Not Available

NHPC Ltd

NHPC Ltd, a government enterprise, is a prominent player in hydropower and renewable energy. With a focus on solar and wind energy, it aims to diversify its portfolio while maintaining profitability and sustainability.

Market Cap: ₹85,804.69 Crore
Close Price: ₹85.32
1M Return: 9.79%
6M Return: -3.03%
1Y Return: -6.45%
5Y CAGR: 30.78%
5Y Average Net Profit Margin: 31.23%

Premier Energies Ltd

Premier Energies Ltd, founded in 1995, is an Indian company specialising in manufacturing solar photovoltaic (PV) modules and solar energy solutions. Headquartered in Hyderabad, it is recognised for its commitment to renewable energy and sustainable practices, contributing significantly to India’s solar energy sector.

Market Cap: ₹41,581.06 Crore
Close Price: ₹940.75
1M Return: 4.33%
6M Return: -17.14%
1Y Return: 12.01%
5Y CAGR: Not Available
5Y Average Net Profit Margin: 2.32%

SJVN Ltd

SJVN Ltd, established in 1988, is a premier Indian public sector undertaking focused on hydroelectric power generation and renewable energy projects. Owned by the Government of India, SJVN significantly promotes sustainable energy and contributes to the nation’s power needs.

Market Cap: ₹36,983.30 Crore
Close Price: ₹95.03
1M Return: 9.69%
6M Return: -20.66%
1Y Return: -25.47%
5Y CAGR: 33.87%
5Y Average Net Profit Margin: 41.40%

ACME Solar Holdings Ltd

ACME Solar Holdings Ltd, a prominent renewable energy company in India, has been a key player in clean energy solutions since its inception. It specialises in large-scale solar power projects and has expanded into integrated renewable energy initiatives. Committed to sustainability, ACME invests in community development, education, and environmental conservation, driving a positive social and ecological impact.

Market Cap: ₹12,505.35 Crore
Close Price: ₹204.72
1M Return: 2.75%
6M Return: -19.13%
1Y Return: -19.13%
5Y CAGR: Not Available
5Y Average Net Profit Margin: Not Available

Jaiprakash Power Ventures Ltd

Jaiprakash Power Ventures Ltd, founded in 1994, is an Indian company primarily engaged in power generation through hydroelectric and thermal projects. A subsidiary of Jaiprakash Associates Limited, it focuses on sustainable energy development and contributes significantly to India’s power sector.

Market Cap: ₹10,458.38 Crore
Close Price: ₹15.41
1M Return: 12.21%
6M Return: -27.14%
1Y Return: -10.41%
5Y CAGR: 83.04%
5Y Average Net Profit Margin: -7.73%

Waaree Renewable Technologies Ltd

Waaree Renewable Technologies Ltd excels in renewable energy, particularly in solar PV systems. Its rapid growth reflects its innovative approach, supporting India’s renewable energy targets and expanding the solar sector.

Market Cap: ₹9,785.63 Crore
Close Price: ₹1,026.45
1M Return: 14.99%
6M Return: -42.13%
1Y Return: -52.57%
5Y CAGR: 247.69%
5Y Average Net Profit Margin: -4.14%

KPI Green Energy Ltd

KPI Green Energy Ltd, established in 2008, is an Indian renewable energy company specialising in solar power generation and development. Based in Gujarat, it is focused on providing sustainable energy solutions and is a subsidiary of KPI Global Infrastructure Ltd, promoting eco-friendly practices.

Market Cap: ₹8,284.17 Crore
Close Price: ₹421.80
1M Return: 10.09%
6M Return: -24.57%
1Y Return: -25.13%
5Y CAGR: Not Available
5Y Average Net Profit Margin: 38.93%

Insolation Energy Ltd

Insolation Energy Ltd is a renewable energy company specialising in solar power solutions. It focuses on providing high-efficiency solar panels and energy systems for both residential and industrial applications. The company aims to promote sustainable energy and reduce carbon footprints by delivering innovative and cost-effective solar technologies.

Market Cap: ₹5,476.63 Crore
Close Price: ₹250.00
1M Return: -0.54%
6M Return: -34.79%
1Y Return: 38.85%
5Y CAGR: Not Available
5Y Average Net Profit Margin: Not Available

What are Renewable Energy Stocks?

Renewable energy stocks refer to shares of companies involved in producing, distributing, or developing renewable energy sources, such as solar, wind, and hydroelectric power. These stocks represent an investment in sustainable energy solutions to reduce carbon emissions and promote environmental responsibility.

Investing in renewable energy stocks offers potential financial returns as the global demand for clean energy continues to grow. Governments worldwide are increasingly supporting renewable initiatives, providing incentives that drive market growth and innovation within the sector, making it an attractive investment option for environmentally conscious investors.

Renewable energy stocks can vary significantly in performance based on market trends, government policies, and technological advancements. Investors should conduct thorough research and analysis to identify promising companies within this sector, considering factors such as financial health, growth potential, and industry competitiveness.

Features Of Best Renewable Energy Stocks

The main features of the best renewable energy stocks include strong financial performance, technological innovation, favorable government policies, and robust growth potential. These elements contribute to their resilience and attractiveness in the rapidly evolving renewable energy market.

• Strong Financial Performance: Top renewable energy stocks exhibit solid revenue growth, healthy profit margins, and positive cash flow. This financial stability enables companies to invest in research, development, and expansion, ensuring their competitive edge in the market.
• Technological Innovation: Companies leading in renewable energy often invest in cutting-edge technologies to enhance efficiency and reduce costs. Innovations such as advanced solar panels, wind turbine designs, and energy storage solutions can drive growth and market share in the industry.
• Favorable Government Policies: Supportive government regulations, tax incentives, and renewable energy targets can significantly impact a company’s success. Stocks that benefit from these policies are more likely to thrive, as they capitalize on financial support and a growing market for sustainable energy solutions.
• Robust Growth Potential: The best renewable energy stocks are positioned to capitalize on the increasing global demand for clean energy. Companies with scalable business models and diversified energy portfolios can tap into new markets, enhancing their growth prospects and long-term viability.

List Of Renewable Energy Stocks In India Based on 6 Month Return

The table below shows a List of the Best Renewable Energy Stocks based on 6 Month Return.

Renewable Energy Stocks List Based on 5-Year Net Profit Margin

The table below shows the Best Renewable Energy Stocks based on 5-year Net Profit Margin.

Best Renewable Energy Stocks In India Based on 1M Return

The table below shows the Best Renewable Energy Stocks Based on 1-Month Return.

High Dividend Yield Best Renewable Energy Stocks

The table below shows the Best Renewable Energy Stocks based on Dividend Yield.

Historical Performance of Renewable Energy Stocks

The table below shows the Historical Performance of Best Renewable Energy Stocks based on Market Cap and 5Y Return.

Types Of Renewable Energy Stocks

Renewable energy stocks can be broadly categorized into two main types: utility companies and technology firms. Utility companies primarily focus on generating and distributing energy from renewable sources like solar, wind, and hydroelectric power, providing stable income through long-term contracts.

Technology firms, on the other hand, specialize in developing innovative products and services that support renewable energy generation and efficiency. This includes manufacturers of solar panels, wind turbines, and energy storage systems. Both types play vital roles in advancing the renewable energy sector.

Factors To Consider When Investing In Renewable Energy Stocks

The main factors to consider when investing in renewable energy stocks include market trends, company fundamentals, regulatory environment, and technological advancements. Evaluating these elements helps investors make informed decisions and identify companies with strong growth potential in the renewable energy sector.

• Market Trends: Understanding market trends is crucial for identifying growth opportunities in renewable energy. Investors should analyze the demand for clean energy, emerging technologies, and consumer preferences, as these factors significantly influence the performance and valuation of renewable energy stocks.
• Company Fundamentals: Investors should assess a company’s financial health, including revenue growth, profitability, and debt levels. Strong fundamentals indicate a company’s ability to weather market fluctuations and invest in future growth, making it a more attractive option for long-term investment.
• Regulatory Environment: Government policies and regulations play a vital role in the renewable energy sector. Investors must stay informed about incentives, subsidies, and renewable energy targets that can impact a company’s growth potential and profitability, helping them identify favorable investment opportunities.
• Technological Advancements: Keeping an eye on technological innovations is essential for assessing a company’s competitiveness. Firms that invest in cutting-edge technologies can enhance efficiency, reduce costs, and expand market share, which can positively impact their stock performance and growth trajectory.

How To Invest In Renewable Energy Stocks in India?

Listed below are the steps for investing in the best renewable energy stocks in India:

• Research and find out the top-performing stocks in the market.
• Evaluate and assess your risk appetite and fix your financial goals.
• Shortlist the stocks based on your fundamental and technical analysis.
• Find reliable stockbrokers like Alice Blue to open a demat account.
• Invest in the shortlisted stocks and monitor them regularly.

Impact of Government Policies on Renewable Energy Stocks India

Government policies significantly influence renewable energy stocks in India by creating a favorable environment for investment and growth. Initiatives such as subsidies, tax incentives, and renewable energy targets encourage companies to expand their operations, leading to increased investor confidence in the sector.

Additionally, regulatory frameworks and clear guidelines enhance transparency and promote sustainable practices within the industry. These policies not only stimulate market growth but also attract foreign investment, further boosting the performance of renewable energy stocks and contributing to India’s long-term energy goals.

How do Renewable Energy Stocks Perform in Economic Downturns?

During economic downturns, renewable energy stocks can exhibit resilience compared to traditional energy stocks due to their essential nature and growing demand for clean energy. Many investors view them as stable long-term investments, driven by ongoing government support and sustainability goals.

However, challenges such as reduced capital expenditures and tightening budgets may impact growth for some companies in the sector. While overall market volatility can lead to fluctuations in stock prices, the long-term fundamentals of renewable energy often support a recovery as economies stabilize.

Advantages Of Investing In Renewable Energy Sector Stocks In India?

The main advantages of investing in renewable energy sector stocks in India include strong growth potential, government support, diversification benefits, and sustainability alignment. These factors create a favorable investment landscape, attracting both domestic and international investors to the rapidly evolving renewable energy market.

• Strong Growth Potential: India’s renewable energy sector is experiencing rapid growth due to increasing energy demand and a shift toward sustainable sources. This growth trajectory presents significant opportunities for investors, as companies expand their capacities and innovate to meet the country’s ambitious energy targets.
• Government Support: The Indian government actively promotes renewable energy through policies, incentives, and financial support. Initiatives like the National Solar Mission and various state-level programs create a conducive environment for investments, enhancing the growth prospects of companies in the sector and boosting investor confidence.
• Diversification Benefits: Investing in renewable energy stocks offers portfolio diversification, reducing overall risk. As these stocks often behave differently than traditional energy stocks, they can help balance investments during market volatility, providing stability and potential long-term returns in an investor’s portfolio.
• Sustainability Alignment: Investing in renewable energy aligns with global sustainability trends and corporate social responsibility goals. As consumers and investors increasingly prioritize eco-friendly practices, companies in this sector are well-positioned to benefit from the growing demand for sustainable solutions and ethical investments.

Risks Of Investing In the Best Renewable Energy Stocks?

The main risks of investing in renewable energy sector stocks in India include regulatory uncertainties, technology changes, market competition, and financial instability. These factors can impact the growth and profitability of companies in the sector, requiring careful consideration by investors.

• Regulatory Uncertainties: Changes in government policies and regulations can create unpredictability for renewable energy companies. Fluctuating incentives, tariffs, and compliance requirements may affect profitability and project viability, making it crucial for investors to stay informed about the regulatory landscape.
• Technology Changes: Rapid advancements in renewable energy technology can pose risks to existing companies. Firms that fail to adapt or invest in the latest innovations may lose market share, while new entrants with superior technologies can disrupt established players, impacting stock performance.
• Market Competition: The renewable energy sector is becoming increasingly competitive, with numerous players vying for market share. Intense competition can drive down prices and profit margins, potentially affecting the financial health of companies and making it essential for investors to evaluate competitive positioning.
• Financial Instability: Many renewable energy companies rely on significant capital investments and financing to fund projects. Economic downturns or rising interest rates can strain their financial resources, leading to operational challenges and reduced growth prospects, posing risks for investors in the sector.

Renewable Energy Stocks GDP Contribution

Renewable energy stocks play a vital role in contributing to a country’s GDP by driving investment, job creation, and technological innovation. As India focuses on increasing its renewable energy capacity, the sector’s growth positively impacts economic development and energy security.

The expansion of renewable energy sources enhances energy independence and reduces reliance on fossil fuels. This shift not only stimulates economic growth but also attracts foreign investments, creating a more sustainable energy ecosystem that supports long-term GDP growth and environmental goals in the country.

Who Should Invest in the Best Renewable Energy Stocks?

Investing in the best renewable energy stocks is suitable for environmentally conscious investors seeking to align their portfolios with sustainable practices. Those interested in supporting clean energy initiatives while benefiting from potential financial returns can find attractive opportunities in this growing sector.

Additionally, investors looking for long-term growth potential and diversification should consider renewable energy stocks. As global demand for clean energy rises, these stocks can provide a hedge against market volatility, appealing to both individual and institutional investors aiming for a balanced investment strategy.

Best Green Energy Stocks – FAQs

Here are some of the Best Stock Research Articles listed based on Top Sectors (Industries), Market Cap, and Fundamental Analysis Factors:

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.