Solar Energy Stocks

Solar energy stocks represent companies at the forefront of harnessing the power of the sun, offering investors exposure to a rapidly growing and sustainable industry driven by increasing demand for renewable energy sources.

List of Best Solar Energy Stocks to Invest in 2024

Name
Price
Analyst Rating
M Cap
Target Price
Alpha
1Y Return
3Y Return
5Y Return
PE
Industry PE
PB
Beta
Net Profit Qtr
Net Profit QoQ %
Net Profit YoY %
Net Profit 3Y Change %
Rev Qtr (in Cr)
Rev QoQ (in %)
Rev 1Y change %
Rev 3Y change %
Profit Mar Qtr
Profit Mar QoQ
Profit Mar 1Y Change%
Profit Mar 3Y Change%
Sector
M Cap
ROE
ROCE
EPS
Volume
imgAdani Power Ltd

₹548.65

BUYLARGE CAP618.33-14.71%-7.27%97.16%1668.8%17.1525.936.881.462940.07 Cr-10.84%94.18%1540.09%13671.182.49%29.86%92.02%41.37%-13.01%49.53%754.11%Utilities213192.355.41%30.81%542919635
imgCESC Ltd

₹157.17

BUYSMALL CAP201.70.66%8.1%86.04%155.97%15.1325.931.641.46282 Cr-24.4%3.58%6.2%3561-24.23%7.35%31.48%9.46%-0.21%-3.51%-19.23%Utilities21121.647.81%7.99%10.862389284
imgSJVN Ltd

₹96.77

HOLDMID CAP84.25-35.95%-28.51%243.89%363.4%37.725.933.41.55148.75 Cr-66.19%-32.95%-44.62%670.99-34.62%-12.12%3.94%35.21%-48.28%-23.7%-46.72%Utilities38515.926.52%7.15%2.325139780
imgJSW Energy Ltd

₹464.60

HOLDMID CAP586.75-28.51%-21.07%49.91%1061.46%43.2925.935.741.51157.45 Cr-82.04%16.52%109.64%2438.88-24.67%11.17%65.93%15.02%-76.16%4.81%26.34%Utilities83228.736.62%7.88%10.515429671
imgBF Utilities Ltd

₹727.60

SMALL CAP-12.43%-4.99%93.01%329.24%18.8125.9319.581.3783.93 Cr-7.78%18.26%-1473.97%209.84-5.2%27.69%161.62%31.31%-2.73%-7.39%-625.17%Utilities2786.097.05%7.6%80.5757266
imgOrient Green Power Company Ltd

₹12.41

SMALL CAP-42%-39.42%8.41%474.09%46.7125.931.921.07-22.41 Cr-133.72%15.21%-167.36%34.5-72.19%4.9%5.54%14.17%-221.23%9.82%-163.82%Utilities1481.54NANA0.360957370009072830022
imgKKV Agro Powers Ltd

₹490.00

SMALL CAP-60.48%-48.21%85.61%-270.583.35Utilities27.78-1.56%4.62%156
imgSKIL Infrastructure Ltd

₹3.68

SMALL CAP-45.59%-38.15%22.67%22.67%4.72-10.770.120.08-4.06 Cr-9.17%-794.45%-156.47%-100%Real Estate79.7-2.46%0.12%51.5722615
imgZodiac Energy Ltd

₹375.50

SMALL CAP-36.73%-29.29%224.08%5901.57%57.8211.960.72Real Estate578.0326.24%22.34%58447

What are Solar Energy Stocks?

Solar energy stocks are shares of companies that design, manufacture, and install solar photovoltaic (PV) systems and related components. 

These companies are involved in various aspects of the solar energy value chain, including solar panel production, solar project development, and energy storage solutions. As the world transitions towards cleaner energy sources, the solar industry is poised for significant growth.

Future of Solar Energy Stocks

The future of solar energy stocks appears bright. As the cost of solar power continues to decline and government support remains strong, the demand for solar energy is expected to surge. This translates to potential growth for companies operating in this space.

Benefits of Investing in Solar Energy Stocks

  • High-Growth Potential: The Indian solar energy market is in its growth phase, offering the potential for significant returns on investment.
  • Government Support: Government policies promoting solar energy create a favorable environment for solar companies to thrive.
  • Positive Environmental Impact: Solar energy is a clean and sustainable source of power, helping to reduce greenhouse gas emissions.

Factors Affecting Solar Energy Stocks

  • Government Policies: Changes in government policies related to subsidies and regulations can impact the profitability of solar companies.
  • Cost of Solar Panels: Fluctuations in the cost of raw materials used for solar panel manufacturing can affect company margins.
  • Competition: The increasing number of players in the solar energy market can lead to price competition and affect profits.

Who should invest in Solar Energy Stocks?

Solar energy stocks can be attractive for investors seeking exposure to the renewable energy sector and companies contributing to sustainable energy solutions. These stocks may appeal to:

  • Long-term investors focused on companies addressing climate change and environmental challenges
  • Investors interested in companies benefiting from government incentives and policies promoting renewable energy adoption
  • Investors seeking exposure to technological advancements in solar panel efficiency and energy storage
  • Investors looking for diversification within the energy sector and companies with growth potential

Check More Stocks

Name
Price
Analyst Rating
M Cap
Target Price
Alpha
1Y Return
3Y Return
5Y Return
PE
Industry PE
PB
Beta
Net Profit Qtr
Net Profit QoQ %
Net Profit YoY %
Net Profit 3Y Change %
Rev Qtr (in Cr)
Rev QoQ (in %)
Rev 1Y change %
Rev 3Y change %
Profit Mar Qtr
Profit Mar QoQ
Profit Mar 1Y Change%
Profit Mar 3Y Change%
Sector
M Cap
ROE
ROCE
EPS
Volume
imgAdani Power Ltd

₹548.65

BUYLARGE CAP618.33-14.71%-7.27%97.16%1668.8%17.1525.936.881.462940.07 Cr-10.84%94.18%1540.09%13671.182.49%29.86%92.02%41.37%-13.01%49.53%754.11%Utilities213192.355.41%30.81%542919635
imgTata Motors Ltd

₹665.60

BUYLARGE CAP811.7-40.67%-33.23%52.69%754.96%7.9134.8612.631.215578 Cr61.68%1082.46%-344.36%11283312.23%26.58%75.32%7.26%44.06%834.16%-239.39%Consumer Cyclical245969.3219.5%14.69%82.9913754685
imgAWL Agri Business Ltd

₹267.90

BUYMID CAP334.17-26.06%-18.62%-64.22%4.1%29.61143.015.040.93176.52 Cr-55.1%-69.17%-73.83%18229.598.26%-11.9%38.21%0.33%-58.53%-65.01%-81.06%Edible Oil36293.533.42%9.6%1.315928772
imgInfosys Ltd

₹1,497.50

BUYLARGE CAP1653.91-4.14%3.3%-5.45%119.07%22.9832.367.470.87038 Cr3.17%1.91%20.79%40925-2.01%6.06%33.99%16.41%5.28%-3.91%-9.85%Technology615555.1830.35%39.64%64.528056743
imgTata Steel Ltd

₹141.50

BUYLARGE CAP153.43-22.57%-15.13%11.77%402.55%64.8724.161.431.41295.49 Cr-61.06%-160.8%-159.95%53231.28-0.48%-5.83%46.63%-2.14%-60.87%-164.56%-140.88%Industrials177353.477.79%13.67%-3.9425758449
imgYes Bank Ltd

₹17.99

SELLMID CAP16.36-40.69%-33.25%32.53%-35.51%22.916.231.621.1744.53 Cr20.21%74.66%-136.84%9437.850.23%23.98%42.4%3.9%19.93%40.88%-125.87%Financial Services56719.592.45%NA0.4559829539
imgEternal Ltd

₹231.11

BUYLARGE CAP277.219.92%17.36%216.67%80.33%298.966.950.9159 Cr-66.48%-136.15%-142.99%540512.63%71.13%507.58%2.9%-70.24%-121.12%-107.08%Technology219265.625.15%5.18%0.432761971
imgITC Ltd

₹426.00

BUYLARGE CAP509.54-4%-2.15%65.21%135.41%27.6227.217.410.615013.18 Cr-0.82%6.54%55.06%18580.36-6.35%-0.08%43.85%29.28%5.91%6.63%7.79%Consumer Defensive536605.4629.21%37.4%15.72255647633111189930
imgWipro Ltd

₹241.40

HOLDLARGE CAP247.65-3.55%3.9%-5.46%166.25%19.1432.364.340.993588.1 Cr6.58%-2.24%2.25%22504.20.83%-0.8%44.93%12.38%5.7%-1.45%-29.45%Technology251862.2715.13%19.03%10.635212704254116647246
imgHDFC Bank Ltd

₹1,908.80

BUYLARGE CAP2150.1418.1%25.54%38.68%96.52%20.6916.232.50.8918834.88 Cr6.67%39.27%101.24%120268.767.2%99.35%161.73%15.7%-0.49%-30.13%-23.11%Financial Services1469379.6116.88%NA86.159459154

Frequently Asked Questions

Are solar energy stocks affected by fluctuations in traditional energy prices?

While solar energy stocks can be impacted by fluctuations in traditional energy prices, such as oil and natural gas, the long-term trend of decreasing solar panel costs and increasing efficiency has made solar energy more resilient to these fluctuations.

How does technological innovation impact the solar energy industry?

Ongoing research and development in areas such as solar panel efficiency, energy storage solutions, and smart grid technologies can drive significant advancements in the solar energy industry, improving cost-effectiveness and adoption rates.

How do changes in government policies and regulations affect Solar Energy stocks?

Government policies significantly impact solar stocks. Favorable policies can boost the sector, while unfavorable changes can lead to a decline.

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