Renewable Energy Stocks

Exploring the Best Green Energy Stocks for the Future

Renewable Energy stocks in India in 2023| Green Energy stocks in India. Vision: Clean India, Green India.

We understand that future planning commences in the present, implying that if we aspire to harvest bountiful crops in the forthcoming years, we must sow high-quality seeds today. That is, we need to make wise investment decisions today.

Renewable Energy Stocks – Be prepared for the future energy

The world is currently experiencing rapid and profound transformations, characterized by heightened competition and a pursuit of power among nations, which has left it in a vulnerable state. Alongside remarkable progress in certain areas, there is a darker side that cannot be ignored. This progress has inflicted significant harm upon nature, giving rise to urgent concerns such as climate change and ecological imbalances. The consequences of these issues manifest in our everyday lives through phenomena like heatwaves, unpredictable rainfall patterns, severe floods, droughts, rising sea levels, and ozone depletion. While noteworthy achievements are celebrated, the extent of environmental damage continues to be vast and unrestricted.

The positive aspect is that governments of various countries, along with responsible citizens, have begun to prioritize environmental concerns, taking numerous steps to address them. While the implementation of these plans will require time, they hold the potential for long-term benefits. One prominent strategy involves transitioning from conventional energy sources to renewable ones, signaling a shift towards sustainability.

With that being said, the mission to mitigate the impact of these global phenomena has brought the world together, uniting everyone in a collective pledge to combat this situation. It’s worth highlighting a few initiatives undertaken by countries in this regard.

Daily News

“G20 Summit Sparks 10% Surge in Renewable Energy Stocks as India and US Pledge $1 Billion Investment”


India actively participated in the Conference of Parties (COP 27), which took place in Sharm El Sheikh, Egypt, from November 6 to November 20, 2022.

Glasgow meeting of climate change- COP26

The government’s actions leave no room for doubt that renewable energy sources are not only the future for India but also for the rest of the world. The government’s firm commitment to transitioning towards green energy lays the foundation for positive growth in the energy industry. These initiatives aim to facilitate the replacement of conventional energy sources with renewable ones in the coming years.

In the coming years, the renewable energy sector is poised to flourish, making it the primary focus of this article as we highlight stocks specifically within this sector. The stocks are:

Green Energy Stocks| Green Energy stocks in India 2023
Renewable Energy Stocks| Green Energy stocks in India 2023

Let’s look at some of the stocks in brief.

Tata Power Company Ltd

Waaree Renewables Technologies Ltd


NHPC Ltd, the leading green energy Stocks in India in 2023, engages in the business of generating hydroelectric power, undertaking contracts, managing projects, providing consultancy services, and conducting power trading activities.

In the past year, NHPC Ltd, has maintained profitability ratios with a ROCE of 8.92% and ROE of 10.8%. The company witnessed a noteworthy growth in its Annual Revenue, which surged by 11.2% to reach Rs 11,284.9 Crores. Additionally, NHPC Ltd recorded a 10.4% increase in Annual Net Profit, totaling Rs 3,890 Crores. Impressively, the company’s Stock Price experienced a remarkable growth of 47.3%, outperforming its sector by an impressive 41% during the previous year.

NHPC Ltd. has delivered robust profit growth, achieving a 5-year CAGR of 9% and a 3-year CAGR of 6%. Moreover, NHPC’s share price has seen impressive gains, rising by 31% over the last three years and soaring by 50.5% in the past year alone.

Gujarat Industries Power Co Ltd

Gujarat Industries Power Co. Ltd actively engages in the generation of power from gas, lignite, wind, and solar assets, positioning itself as the next stock on the list of leading stocks. It receives indirect promotion from the Gujarat State Government through three state undertakings, namely Gujarat Urja Vikas Nigam Ltd, Gujarat Alkalies & Chemicals Ltd, and Gujarat State Fertilizers & Chemicals Ltd.

Gujarat Industries Power Co. Ltd maintains a modest ROCE of 8.06% and ROE of 6.09%, indicating the need for improvement. The company witnessed a significant increase in Annual Revenue, which rose by 17.6% to reach Rs 1,403.7 Crores in the last year. Additionally, the Annual Net Profit also experienced growth, rising by 10.1% to reach Rs 188.7 Crores. In terms of stock performance, Gujarat Industries Power Co. Ltd observed a notable increase in its Stock Price, rising by 33.9% in the past year and outperforming its sector by 27.6%.

Gujarat Industries Power Co. Ltd. has had a negative profit growth over the last five years with a CAGR of -5%. Similar to this, with a CAGR of -9% over the past three years, the negative profit growth persisted. However, there has been a noticeable improvement in the last year, during which the business had a 10% increase in positive profit. Moreover, company’s share price has seen impressive gains, rising by 14% over the last three years and soaring by 34% in the past year alone.

EKI Energy Services Ltd


It’s vital to recognise the long-term development potential of both the renewable energy sector and these particular firms, even though some stocks on the list may now have short-term difficulties. Despite their present performance, this industry is experiencing a slow but constant increase in demand, which suggests that these businesses have the ability to take over the market in the years to come.


The blog is meant for informational purposes and serves the general analysis of the stocks. Contents provided here are based on careful research and analysis utilizing the fundamental and technical indicators over a period of time. The post does not consist any direct recommendation about Investing or trading in the securities market. Thorough research and careful consideration are necessary for individuals to fulfill their personal responsibility in making financial decisions. Seeking professional advice before making any financial decisions is always advisable.

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