Surat Investment：Top 17 Best Renewable Energy Stocks In India： Solar, Wind, Hydro Power, And Sector Analysis In 2024

As the world pivots towards a more sustainable future, the renewable energy sector is gaining unprecedented momentum. This shift is particularly noticeable in India, a country that stands as the third-largest consumer and producer of renewable energy globally.

This article will delve into the best renewable energy stocks in India, offering insights into companies that are not only contributing to a greener future but also providing promising returns for investors.

With ambitious targets set for 2030 and a rapidly expanding renewable energy infrastructure, India’s green energy sector is ripe with investment opportunities.

Consider reading: Best EV Stocks in India

Let’s start by understanding what is happening in the Renewable Energy Business sector in India.

Here are some key data points on Renewable Energy Business in India:

Now let’s look at the Best Renewable Energy Stocks in India which are ready to ride the Renewal Energy initiatives.Surat Investment

Consider reading: Top 10 Pharma Companies in IndiaKolkata Wealth Management

Before we finish the article, it’s very important to understand what is happening in Renewable Energy Business Sector Globally.

Source: IEA.Org

Here is a quick summary of developments in the renewable energy space:

Overview of the Indian Energy Exchange:

Some of the main competitors of IEX in the renewable energy business are:

The Indian Energy Exchange stock has seen huge interest from retail stakeholders in 2021.

The stock went up to Rs 300 but has been falling consistently since 2022. Currently, it’s trading near Rs 125.

Looking at the ROCE figures of IEX, it is one of the best renewable energy stocks in India.

Consider reading: IEX Share Price Target

Overview of Insolation Energy:

Some of the main competitors of Insolation Energy in the solar cell and module manufacturing market are:

Insolation Energy is one of the best Best Renewable Energy Stocks in India considering its return on capital employed.

Overview of Shigan Quantum:

Some of the main competitors of Shigan Quantum in the alternative fuel system solutions market are:

Overview of Borosil Renewables:

Some of the main competitors of Borosil Renewables in the solar glass manufacturing market are:

Overview of GAIL:

Some of the main competitors of GAIL in the natural gas sector are:

Overview of IOC:

Some of the main competitors of IOC in the oil and gas sector are:

Overview of L&T:

Some of the main competitors of L&T in the engineering and construction sector are:

Overview of Tata Power:

Some of the main competitors of Tata Power in the renewable energy business are:

Because of its reputation in Tata Group and the initiatives taken by Tata Group Chairman N. Chandra, The Tata Power Stock is one of the Best Renewable Energy Stocks in India.

Consider reading: Tata Power Share Price Target

Overview of Adani Green Energy:

Some of the main competitors of Adani Green Energy in the renewable energy business are:

The Adani Green Energy Stock has been in the limelight for some time now.

The Adani Green Energy Stock Price went from a mere Rs 50 in 2019 to almost Rs 3000 in April 2022 then it crashed to under Rs 1000.

There were many allegations against Adani Group by Hindenburg which created a -ve sentiment on the stock price.

Consider reading: Adani Green Energy Share Price Target

Overview of WEBSOL Energy:

Some of the main competitors of WEBSOL Energy in the solar cell and module manufacturing market are:

Consider reading: Adani Power Share Price Target

Overview of Reliance Industries:

Some of the main competitors of Reliance Industries in the oil and gas sector are:

Mukesh Ambani is known for disrupting sectors whenever Reliance industry enters the market similar to what they have done with Jio.

It is expected that Reliance Industry is going to best one of the Best Renewable Energy Stocks in India in the coming times.

Overview of JSW Energy:

Some of the main competitors of JSW Energy in the renewable energy business are:

Overview of Olectra Greentech:

Some of the main competitors of Olectra Greentech in the electric bus manufacturing market are:

Because of its reputation as the largest electric bus manufacturer in India, Olectra Greentech is one of the Best Renewable Energy Stocks in India.

The Olectra Greentech stock has been giving impressive returns so far.

Overview of NTPC:Guoabong Stock

Some of the main competitors of NTPC in the power generation market are:

Overview of INOX Green Energy:

Some of the main competitors of INOX Green in the renewable energy O&M service market are:

Overview of INOX Wind:

Some of the main competitors of INOX Wind in the wind power solutions market

Overview of Sterling and Wilson Solar:

Some of the main competitors of Sterling and Wilson Solar in the solar EPC solutions market are:

In conclusion, the Indian renewable energy sector holds immense potential, offering investors a promising horizon to explore.

If you’re aiming for long-term, sustainable investments, these ‘Best Renewable Energy Stocks in India’ are worth considering.

They represent an amalgamation of innovative technology, governmental support, and a future-oriented mindset. India’s commitment to reducing its carbon footprint and moving towards a green economy has sparked growth in this sector, creating an attractive, robust market for investors globally.

Remember, diversifying your portfolio with renewable energy stocks could be the key to riding the wave of this surging green revolution.

However, as with all investments, thorough research and due diligence are critical. To ensure you’re making the right decision, keep updated with market trends, company performances, and new government policies.

In the landscape of renewable energy stocks, India stands as a compelling market teeming with opportunity. Don’t miss out on your chance to invest in the green future of India!

The best renewable energy stocks in India currently are WEBSOL ENERGY, INOX WIND, STERLING AND WILSON SOLAR, SHIGAN QUANTUM, and INOX GREEN ENERGY. These stocks have shown strong performance in the renewable energy sector of the Indian stock market.

Acme Solar, Adani, and Greenko are the top renewable energy companies in India, based on capacity. They lead the solar power sector, while Renew Power, Greenko, and Sembcorp dominate the wind energy sector. This information is compiled by the International Energy Agency and CEEW.

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