Recent market trends reveal that wind energy stocks have potential and are trading at discounts of up to 37%, driven by rising costs and other challenges affecting the sector. This situation presents potential investment opportunities for savvy investors looking to capitalize on the long-term growth of renewable energy amidst current volatility.
1. Suzlon Energy
Suzlon Energy founded in 1995, is a global renewable energy solutions provider based in India. Specializing in wind turbine manufacturing and project execution, it operates across 17 countries. The company focuses on sustainable development, offering comprehensive services from design to maintenance, aiming to make renewable energy accessible and cost-effective for clients.
With a market capitalization of Rs. 77,483 Crores, the shares of Suzlon Energy Limited were trading at Rs. 56.78 per equity share, up 4.99 percent from its previous day’s close price of Rs. 54.08.
Suzlon Energy Limited hit its 52-week high price of Rs. 86.04 on September 12, 2024, and Compared with its current market price of Rs. 56.78, it is trading at a discount of 34 percent.
Its Revenue from operations increased by 48 percent from Rs. 1,421 Crores in Q2FY24 to Rs. 2,103 Crores in Q2FY25, accompanied by profits of Rs. 102 Crores to Rs. 201 Crores.
2. Adani Green Energy
Adani Green Energy Limited, part of the Adani Group, is a major renewable energy company in India, focusing on solar and wind power generation. With a portfolio of over 20,000 MW, AGEL operates under long-term Power Purchase Agreements with government entities.
With a market capitalization of Rs. 2,37,462 Crores, the shares of Adani Green Energy Limited were trading at Rs. 1,496.7 per equity share, up 1.87 percent from its previous day’s close price of Rs. 1,469.25.
Adani Green Energy Limited hit its 52-week high price of Rs. 2,173.65 on June 03, 2024 and Compared with its current market price of Rs. 1,496.7, it is trading at a discount of 31 percent.
Its Revenue from operations grew by 37.61 percent from Rs. 2,220 Crores in Q2FY24 to Rs. 3,055 Crores in Q2FY25, accompanied by profits of Rs. 371 Crores to Rs. 515 Crores.
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3. KP Energy
KP Energy Limited, established in 2010 and based in Gujarat, India, focuses on wind energy solutions. The company specializes in the engineering, procurement, construction, and commissioning of wind farms. It operates through partnerships and owns wind and solar projects.
With a market capitalization of Rs. 3,582 Crores, the shares of K.P.Energy Limited were trading at Rs. 537.15 per equity share, down 0.58 percent from its previous day’s close price of Rs. 540.30.
K.P.Energy Limited hit its 52-week high price of Rs. 657 on November 6th, 2024, and Compared with its current market price of Rs. 537.15, it is trading at a discount of 18 percent.
Its Revenue from operations grew by 185.5 percent from Rs. 69 Crores in Q2FY24 to Rs. 197 Crores in Q2FY25, accompanied by profits of Rs. 8 Crores to Rs. 22 Crores.
4. Inox Wind
Inox Wind Limited is a leading Indian wind energy solutions provider, established in 2009. It manufactures Wind Turbine Generators and offers services including project development, site acquisition, and long-term maintenance. Inox Wind operates three manufacturing plants, focusing on cost-effective, high-quality wind energy solutions for various clients, including IPPs and utilities.
With a market capitalization of Rs. 24,889.43 Crores, the shares of Inox Wind Limited were trading at Rs. 191 per equity share, up 1.92 percent from its previous day’s close price of Rs. 187.40.
Inox Wind Limited hit its 52-week high price of Rs. 262.10 on September 23, 2024, and Compared with its current market price of Rs. 191, it is trading at a discount of 27 percent.
Its Revenue from operations grew by 97.3 percent from Rs. 371 Crores in Q2FY24 to Rs. 732 Crores in Q2FY25, accompanied by a loss of Rs. 27 Crores to a profit of Rs. 90 Crores.
Written by: Santhosh S
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