Top 5 Multi Bagger Solar Stock

 Top 5 Multi Bagger Solar Stocks 

 

Here are some of the top solar energy stocks in India that are likely to benefit from the rising demand for solar power.

Waaree Renewable Ltd: Waaree Renewable Technologies Ltd. is a provider of solar energy solutions that transcends mere power generation. With a remarkable 50% surge witnessed in the past six trading sessions, the company’s shares experienced a 10% upswing on Friday, marking the pinnacle since its initiation on the Bombay Stock Exchange back in 2012. The company has secured contracts and forged partnerships at an impressive pace, solidifying its standing in the market. With an order book exceeding 897 MW, the company isn’t just generating power: it’s propelling itself towards enduring success. The company’s Q2 results speak volumes about its financial prowess. Reporting a 24% year over year growth in revenue reaching an impressive INR 150 Crore the company net profit witnessed a staggering 124% surge reaching INR 18.29 crore.

Tata Power: Tata Power is a leading player in the Indian power sector and has a significant presence in the solar power segment. The company has a total installed capacity of 3,457 MW, which includes 2,637 MW of thermal power and 820 MW of renewable energy. The company market cap is 1 lakh crore.

Suzlon Energy Ltd: Suzlon Energy is a leading player in the Indian wind power sector. The company has a total installed capacity of 12,800 MW, which includes 1,200 MW of solar power and 11,600 MW of wind power. The Campany market cap is 56.484 crore. 

Adani Green: Adani Green is one of the largest renewable energy companies in India. The company has a total installed capacity of 15,240 MW, which includes 3,470 MW of solar power and 11,770 MW of wind power. the company market cap is 2 lakh crore. 

KPI Green Energy Ltd:  KPI Global Infrastructure is a leading player in the Indian solar power sector. The company has a total installed capacity of 50 MW, which includes 50 MW of solar power. The company market cap is 5.720 crore. 

The Best Things About Renewable Energy With regard to installed renewable energy capacity, India ranks sixth globally. India boasts the fourth-largest installed wind power capacity globally. From 6.7 GW to 40 GW in March 2021, the capacity of solar electricity has increased by more than five times in the previous five years. The Indian government aims to increase the total capacity of renewable energy to 450 GW by 2030. Gujarat is now building a 30 GW solar-wind hybrid project that would create the largest renewable energy park in the world. India possesses the fifth-largest installed solar capacity globally. Among the well-known unlisted solar enterprises are Waaree Solar, Indosolar, Vikram Solar, and ReNew Power.

These are some of the best solar stocks to buy in India You should do your own research and analysis before investing in any stocks, As the market condition and the performance of the companies may changes over time. 

Happy Investing.