4 Renewable Energy Stocks in India: The renewable energy sector in India is growing rapidly, and the stocks of companies involved in this sector are witnessing tremendous gains. Notably, companies like Suzlon Energy, Waaree Renewable Technologies, Inox Wind, and IREDA have provided over 400% returns to investors in just one year. This article delves into these companies’ impressive performance and discusses their future potential.
Highlights:
व्हाट्सप्प चैनल या व्हाटप्प ग्रुप में दिए गए कूपन कोड को डालें -
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- Rapid growth in India’s renewable energy demand and production.
- Stocks like Waaree Renewable Technologies, Inox Wind, Suzlon Energy, and IREDA have delivered huge returns.
- Many companies have provided over 400% returns in just one year.
- Long-term investment potential in the renewable energy sector looks strong.
- These companies are rapidly expanding their operations and are expected to continue performing well.
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Table of Contents
4 Renewable energy stocks in India
Waaree Renewable Technologies:
Waaree Renewable Technologies has secured a solid order book worth ₹3,200 crore or 2.3 gigawatts through its engineering, procurement, and construction (EPC) contracts. The company reported a 83.31% rise in revenue to ₹236.35 crore in the first quarter, with net profit increasing by 154.42% to ₹28.30 crore.
- Stock Price: ₹1,805
- Market Cap: ₹18,803 crore
- 52-Week Low: ₹240
- 52-Week High: ₹3,038
- 5-Year Return: 60,879.73%
- 1-Year Return: 625.92%
- 6-Month Return: 28.11%
- 5-Day Return: 18.07%
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Inox Wind:
Inox Wind boasts an order book of 2.9 gigawatts, the highest in the company’s history. The company achieved a net profit of ₹51.82 crore in Q1 FY25, and its revenue surged by 87.10% to ₹638.81 crore.
- Stock Price: ₹259.60
- Market Cap: ₹33,161 crore
- 52-Week Low: ₹47
- 52-Week High: ₹260
- 5-Year Return: 2,883.91%
- 1-Year Return: 440.27%
- 6-Month Return: 105.66%
- 1-Month Return: 18.71%
Also Read: Suzlon Energy Share Price Massive Surge: Discover the Big Reason Behind It!
Suzlon Energy:
Suzlon Energy has the largest order book in its history at 3.8 gigawatts. In Q1 FY25, the company’s revenue increased by 49.64% to ₹2,021.59 crore, while its net profit surged by 199.59% to ₹302.29 crore.
- Stock Price: ₹82.89 (September 2024)
- Market Cap: ₹1,13,105 crore
- 52-Week Low: ₹24.50
- 52-Week High: ₹86.04
- 5-Year Return: 2,636.07%
- 1-Year Return: 222.82%
- 6-Month Return: 129.89%
- 5-Day Return: 3.06%
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IREDA (Indian Renewable Energy Development Agency):
IREDA’s loan book has grown to ₹63,150 crore, and its revenue increased by 31.09% to ₹1,514.46 crore in Q1 FY25. The company’s net profit grew by 30.25%, reaching ₹383.69 crore.
- Stock Price: ₹230.24
- Market Cap: ₹62,456 crore
- 52-Week Low: ₹50
- 52-Week High: ₹310 (July 2024)
- 6-Month Return: 65.19%
- 1-Year Return: 375%
Top Performing Renewable Energy Stocks at a Glance:
| Company | Stock Price (₹) | 1-Year Return (%) | 5-Year Return (%) | 52-Week High (₹) | 52-Week Low (₹) |
|---|---|---|---|---|---|
| Waaree Renewable Tech | 1,805 | 625.92% | 60,879.73% | 3,038 | 240 |
| Inox Wind | 259.60 | 440.27% | 2,883.91% | 260 | 47 |
| Suzlon Energy | 82.89 | 222.82% | 2,636.07% | 86.04 | 24.50 |
| IREDA | 230.24 | 65.19% | N/A | 310 | 50 |
Why Renewable Energy Stocks are Booming?
India’s renewable energy sector is experiencing rapid growth due to increasing demand for sustainable energy solutions. Government policies, along with global efforts to reduce carbon emissions, have fueled the rise of companies like Suzlon, Waaree, and Inox Wind. Their large-scale projects and significant order books have resulted in impressive returns for investors.
Suzlon, IREDA, Inox Wind: A Smart Investment?
Investing in renewable energy companies like Suzlon, IREDA, and Inox Wind is considered a smart long-term option. These companies are expanding rapidly and benefiting from favorable government policies aimed at boosting renewable energy production. Investors who seek high-growth potential with a long-term view may benefit significantly from these stocks.
FAQs (Frequently Asked Questions):
Which renewable energy stocks have given the best returns?
Companies like Waaree Renewable Technologies, Suzlon Energy, and Inox Wind have delivered returns exceeding 400%, with Waaree leading with over 600% growth.
Is it a good time to invest in renewable energy stocks?
Yes, the renewable energy sector is growing rapidly, and stocks like Suzlon, IREDA, and Inox Wind are performing well financially. With rising demand for clean energy, these stocks have significant potential for long-term growth.
What is the future outlook for Suzlon Energy?
Suzlon Energy holds a strong order book of 3.8 gigawatts and, with government backing, is well-positioned for future growth.
How has Waaree Renewable Technologies performed?
Waaree Renewable Technologies has shown outstanding growth, with a 625.92% return in the last year and a 60,879.73% return over five years.
What is IREDA’s growth potential?
IREDA’s loan book has grown to ₹63,150 crores, and the company is showing steady revenue and profit growth, making it a promising stock for long-term investors.
