Pay attention to stocks with market leadership in solar, wind, and hydro energy businesses.

admin2 weeks ago

India is making significant progress in the field of renewable energy, with current capacity exceeding 211 GW, led by solar (92.19 GW), wind (47.71 GW), and hydropower (46.96 GW).

India has set an ambitious target of achieving 500 GW of non-fossil fuel capacity by 2030 and is targeting net-zero emissions by 2070. Thanks to strong government policies and significant investments, India is well positioned to lead the sustainable energy transition. energy.

Here are three market leaders in solar, wind, and hydro energy:

1. afternoon energy company

Waaree Energies Ltd is a major player in the solar energy sector in India and is recognized as India’s largest manufacturer and exporter of solar photovoltaic (PV) modules.

The market capitalization is Rs. Waaree Energies Ltd, with a market capitalization of $83,053 billion, is trading at Rs.2,891 per share, up 4.7% from the previous trading day.

As of September 30, 2024, the company’s outstanding orders amounted to 1,702 MW (1.7 GW), indicating high demand for solar energy solutions. These projects are expected to be completed within 9 to 12 months. Waaree also has an active bidding pipeline of 17.8GW, highlighting the potential for securing additional contracts.

Waaree is India’s largest solar PV module manufacturer with an installed capacity of 13.3 GW. To meet growing demand, the company is expanding its production capacity, including a new US facility that will start at 3 GW and expand up to 6 GW by 2027, in line with India’s renewable energy goals and ALMM initiative.

In its latest financial results, Waaree reported revenue of ₹357.4 billion for the second quarter of fiscal 2025, up 1% year-on-year, and net profit at ₹376 million, up 18% year-on-year.

2. Suzlon Energy Co., Ltd.

Suzlon Energy Limited, India’s largest wind energy producer, has significant installed capacity, most of which is based domestically. This strong domestic presence strengthens Suzlon’s leadership in the Indian wind energy sector.

The market capitalization is Rs. 91,866 crore, Suzlon Energy Ltd is trading at Rs. It stood at $68.39 per share, up 0.14% from the previous trading day’s closing price.

Suzlon Energy, a prominent player in the wind energy sector, has an installed capacity of approximately 20.8 GW across 17 countries, most of which is headquartered in India. It has a solid order track record of 5GW, including major contracts such as a 1,166MW order from NTPC Green Energy, India’s largest wind power project.

To increase production, Suzlon is considering expanding its Daman plant to 3.1 GW capacity and reopening its Pondicherry plant. The company expects to deliver 1.5 GW in FY25 and 2.2 GW in FY26, driven by growing demand from the utility and commercial sectors.

In its latest financial results, Suzlon Energy Ltd reported revenue of ₹210.3 billion for the second quarter of fiscal 2025, up 48% year-on-year, and net profit of ₹210 million, up 97% year-on-year.