Green energy stock jumps 8% after signing 2 MoUs for solar panelsGreen energy stock jumps 8% after signing 2 MoUs for solar panels

Introduction:

Green energy stock has signed MOUs for a 78.40 MW solar panel supply, ensuring steady availability from March to December 2025. These agreements support ongoing projects, future tenders, and residential expansion, reinforcing its commitment to high-quality solar energy solutions and sustainable growth.

Share Price movement of Solarium Green Energy:

On March 17, 2025, Solarium Green Energy Ltd opened at ₹236.00, reaching a high of ₹248.00, up 8.52% from its previous close of ₹227.15, with a low of ₹234.85. The stock is currently trading at ₹246.50, with a market cap of ₹513.94 crore.

Solarium Green Energy signed 2 MoUs:

Solarium Green Energy Limited has signed two Memorandums of Understanding (MOUs) with Citizen Solar Private Limited and Navitas Solar Private Limited for the supply of 78.40 Megawatts of solar panels. These agreements will ensure a steady supply from March to December 2025, supporting ongoing and upcoming projects.  

Citizen Solar will provide 53.70 MW of Mono Perc solar panels by September 2025, while Navitas Solar will deliver 24.70 MW of solar PV modules by December 2025. The agreements include payment terms of 25% advance and 75% before dispatch, ensuring quality and timely delivery.  

These MOUs secure panel availability for Solarium’s ongoing orders, future tenders, and residential sector expansion. The agreements have no promoter or related party involvement, ensuring transparency, and will help Solarium Green Energy execute projects efficiently while maintaining high-quality standards in solar energy solutions.

Also Read: 3 Electronics manufacturing stocks with ROE and ROCE of more than 20%; Do you hold any?

Ace investor holding of Solarium Green Energy:

Nitinbhai Ramshibhai Bhatia holds 600,000 shares, representing 2.88% stake in the company. At the current price of ₹245.05, his holding is valued at ₹14.70 crore. His significant investment highlights confidence in the company’s long-term growth potential and stability.

Amit Saxena owns 487,528 shares, accounting for 2.34% stake in the company. With the current price of ₹245.05, his investment amounts to ₹11.94 crore. His strategic stake underlines strong faith in the company’s financial prospects and future expansion opportunities.

Stock performance of Solarium Green Energy for Period of 1 week:

Solarium Green Energy’s stock performance declined by 8.81% over the past week, reflecting market fluctuations and investor sentiment. This short-term dip may indicate broader sector trends or temporary volatility.

Also Read: Agrochemical stocks with high piotroski score of 9 to watch out for

Shareholding pattern of Solarium Green Energy:

Summary	Feb 13, 2025
Promoter	57.80%
FII	5.00%
DII	7.50%
Public	29.70%

About Solarium Green Energy:

Solarium Green Energy Limited is a renewable energy company specializing in solar power solutions. It focuses on sustainable energy projects, ensuring efficient power generation and distribution. The company aims to expand its footprint in the green energy sector through innovation and strategic partnerships.

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.