India’s solar industry faces a slowdown entering 2025 due to policy uncertainties, high module import costs, and delayed projects. Despite ambitious renewable energy targets, challenges like grid infrastructure limitations, financial hurdles, and global supply chain disruptions have dampened the sector’s growth momentum, affecting progress toward sustainable energy goals.
Furthermore, the Inflation Reduction Act (IRA) of 2022 boosted the Indian solar industry by encouraging investments in US-based renewable energy projects. However, uncertainty about Trump’s potential policy rollback has caused a slowdown, deterring Indian manufacturers from expanding to the US. This hesitation disrupts growth opportunities, creating challenges for India’s solar sector in leveraging the lucrative US clean energy market.
Following is a list of solar power stocks that are trading discount :
1. KPI Green Energy
Founded in 2008, KPI Green Energy develops and manages solar and hybrid renewable power plants. With over 2,346 MW capacity and strong financial growth, it aims to exceed 1,000 MW in solar energy by 2025.
In FY 24, the company reported a revenue of Rs. 1,024 Cr, a 54.2% increase from Rs. 644 Cr in FY 23. Its profits also grew by 47.2%, reaching Rs. 162 Cr in FY 24, up from Rs. 110 Cr in FY 23.
The stock’s current market price is Rs. 436, with a 5% decrease today. Over the past year, the stock has delivered a return of 33.33% and a return of 641% over the past five years. The stock has dropped 41.50% from its 52-week high of Rs. 745.33.
2. Adani Green Energy
A global renewable energy leader, Adani Green manages a 20.4 GW portfolio, including 11,434 MW of operational capacity. Known for diverse projects and financial stability, it plays a key role in India’s green energy transition.
In FY 24, the company achieved a revenue of Rs. 9,220 Cr, reflecting an 18.56% increase from Rs. 7,776 Cr in FY 23. Profits rose by 29.5%, reaching Rs. 1,260 Cr in FY 24, up from Rs. 973 Cr in FY 23.
The stock’s current market price is Rs. 919, with a 2.52% decrease today. Over the past year, the stock has delivered a return of negative returns of 45.75% and a positive return of 387.65% over the past five years. The stock has declined 57.72% from its 52-week high of Rs. 2,174.10.
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3. ACME Solar Holdings
Established in 2015, ACME Solar specialises in solar, wind, and hybrid projects. With 1,340 MW operational and 3,250 MW under construction, it maintains high profitability through long-term power purchase agreements.
In FY 24, the company reported a revenue of Rs. 1,319 Cr, a 1.85% increase from Rs. 1,295 Cr in FY 23. It turned profitable, with profits reaching Rs. 698 Cr in FY 24, compared to a loss of Rs. 3 Cr in FY 23.
The stock’s current market price is Rs. 223.31, with a 3.22% decrease today. Over the past year, the stock has delivered negative returns of 11.87%. The stock has fallen 23.62% from its IPO high of Rs. 292.40.
4. JSW Energy
JSW Energy, a leading Indian power company, focuses on expanding its renewable energy mix with solar and wind projects. It aligns with India’s clean energy goals while ensuring financial growth and sustainability.
The stock’s current market price is Rs. 542.45, with a 2.73% decrease today. Over the past year, the stock has delivered returns of 16.71% and a positive return of 693% over the past five years. The stock has declined 32.6% from its 52-week high of Rs. 804.90, currently priced at Rs. 542.45.
The stock’s current market price is Rs. 530.45, with a 1.70% decrease today. Over the past year, the stock has delivered returns of 12.04% and a positive return of 686.66% over the past five years. The stock has declined 34.15% from its 52-week high of Rs. 804.90.
Written By Fazal Ul Vahab C H
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