Waaree vs Premier vs Vikram Solar: Which Renewable Energy Equipment Stock Will Deliver Better Returns? TP

Waaree vs Premier vs Vikram Solar: India's solar sector is entering a structural multi-year growth phase, driven by the global shift toward renewable energy. These tailwinds have created a strong growth runway for integrated players such as Waaree Energies, Premier Energies, and Vikram Solar.

The renewable equipment industry is poised for a strong growth driven by rapid localisation, expanding domestic demand and expanding export opportunities, as per PL Capital report. When it comes about renewable energy equipment player, Vikram Solar, Premier Energies and Waaree Energies are among the top names that pop out in mind. The brokerage firm decode, which stock will be a better choice for long-term investors.

Waaree vs Premier vs Vikram Solar: Share Price Trend, MCap

Waaree Energies share price closed marginally lower at Rs 3065.3 per share on BSE with a market capitalisation of Rs 88,175.20 crore on THursday, JUne 19. It has a return on equity (ROE) of 77.79%.

Premier Energies share price closed 0.18% higher at Rs 1057.15 per share with a market capitalisation of Rs 47,888.30 crore. The stock has a return on equity (ROE) of 8.3%.

Vikram Solar share price ended marginally lower at Rs 209.9 per share on BSE with an Mcap of Rs 7,605.82 crore.

Waaree Energies vs Premier Energies vs Vikram Solar: Share Price Outlook, Target

The persistent environment around solar cell manufacturing and the development of other equipment is likely to favour integrated manufacturers with adequate cell capacity. It will also allow them to benefit from stronger pricing power, higher capacity utilisation and accelerated order inflows, as per PL Capital report.

Vikram Solar Share Price Target

Vikram Solar is targeting 12GW of cell capacity through ~INR54bn capex, comprising 9GW by FY27 and an additional 3GW by FY28. The brokerage has given an 'Accumulate' rating to the stock with a target price of Rs 226 per share.

Waaree Energies Target Price

Waaree Energies is one of the leading domestic players in module manufacturing, and it has also planned to invest in capital expenditure and infrastructure expansion in the coming years. PL Capital maintained a 'Buy' rating on the stock with a target price of Rs 3713 per share.

Premier Energies Target Price

Premier Energies has planned to expand its solar cell capacity to 7GW from the existing 3.6GW in the financial year 2026-27. The brokerage maintained a 'Hold' rating on the stock with a target price of Rs 1138 per share.

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