As an investor, how well are you poised to ride the growth trajectory of green energy stocks? As the world increasingly turns towards sustainable solutions, renewable energy stocks are emerging as some of the most promising investments for 2024. However, with various companies investing in green energy solutions, how do you pick the most promising stocks?
In this guide, we have presented six valuable companies actively engaged in the renewable energy sector.
6 Renewable Energy Stocks You Should Include In Your Portfolio
We have carefully curated this list of renewable energy stocks that can deliver impressive returns in the coming years. All you need to do is to open demat account to invest.
(Stock price and market cap as of 9th October 2024)
1. Tata Power Company Limited
- CMP: INR 455.35
- Market Cap: INR 145,835 crore
Tata Power is one of the leading integrated power companies in India. Currently, it is growing its green energy fleet with a strong focus on wind and solar power projects.
By 2025, Tata Power aims to achieve a 25% production capacity from green sources. The stock price of Tata Power has been consistently growing, making it a must-have in your portfolio.
2. Adani Green Energy Limited
- CMP: INR 1,820.55
- Market Cap: INR 287,926 crore
Adani Green Energy is a major player in the Indian renewable energy sector. It is currently the largest renewable energy company in India and ranks second in the world as a solar PV developer.
This company has an excellent portfolio of wind and solar power projects. In the coming years, it has plans to grow its capacity significantly.
3. NTPC Renewable Energy
- CMP: INR 420.00
- Market Cap: INR 408,230 crore
As a subsidiary of NTPC, the largest energy conglomerate in India, NTPC Renewable Energy has made significant strides in the green energy sector.
The green energy portfolio of the company includes wind, solar, and hybrid power projects. NTPC Renewable Energy has a vision to lead the transformation of the energy sector in India.
4. Suzlon Energy Limited
- CMP: INR 75.56
- Market Cap: INR 99,709 crore
Suzlon Energy has established itself as a global leader in wind energy. Based in India, this company manufactures and supplies wind blades and collaborates with wind farms to provide end-to-end solutions.
It has been a multi-bagger stock with a strong foothold in both foreign and local markets. The company has consistently invested in R&D to enhance its products.
5. Inox Wind Limited
- CMP: INR 217.79
- Market Cap: INR 27,986 crore
One of the leading manufacturers of turbine engines, Inox Wind, has tremendous growth potential. It provides complete solutions for wind power projects.
Inox Wind has an established footing in the Indian market and is consistently expanding abroad. It boasts a strong order book, and is well-poised to capitalize on the high demand for wind energy solutions.
6. Borosil Renewables Limited
- CMP: INR 467.65
- Market Cap: INR 6,032 crore
Coming to the solar glass business, Borosil Renewables is among the leading brands in India. It manufactures toughened glass of high quality to be used in solar photovoltaic panels.
These goods are in high demand both in India and abroad. Focussing on innovation Borosil Renewables has created some sophisticated glass technologies that enhance the performance of solar cells.
Conclusion
If you are bracing up to strengthen your stock portfolio with high-performance renewable energy stocks, make sure to consider the ones we shortlisted in this guide. As India strides towards a more sustainable future, leading players in the renewable sectors are likely to outperform other stocks. Invest in quality stocks to accumulate your wealth, capitalizing on the growth potential of the renewable energy sector.
