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Solar Company Stocks To Watch Out For As The Sector Gains Focus

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With India's and India Inc.'s continuing focus on the renewable energy and recent acquisitions made by RIL's energy business into the space, solar companies' listed in India are back in focus and are even propelling higher in share price terms.

 

Also, the recent crisis pertaining to coal which is also used in power generation is sure to drive focus and shift to the renewable energy space.

So, below is mentioned all the listed companies' from the space:

1. Waa Solar:

1. Waa Solar:

Part of the Madhav Group, Waa Solar is a Gujarat based entity. The company is a pan India conglomerate working in the sectors such as Renewable Energy, Infrastructure and real estates. The Company has entered power purchase agreement with the Airport Authority of India to develop Solar Power Plant at Bhopal Airport.

The company is a small cap scrip that in today's trade has hit an upper circuit limit of 41.65 with gains of over 9 percent. The stock commands a market cap of Rs. 55 crore.

2. Synergy Green Industries:
 

2. Synergy Green Industries:

This is again a small cap scrip with a market cap of Rs. 142 crore .Formerly know as Shantaram Machineries Pvt. Ltd., Kolhapur) The organization's areas of activity include Machining, Shot Blasting

Painting,Quality Inspection and Packing and Dispatch.

The company is a state of the art world class foundry Installed with India's largest automated fast loop moulding line for large castings. The company is part of the Shirgaokar Group.

The company'last trading price was Rs. 155.90 per share on the NSE.

3. Websol Energy System:

3. Websol Energy System:

Like other players in the company, the stock of Websol also gained traction in today's trade and hit a fresh 52-week high price of Rs. 87.95.

The company is a leading manufacturer of photovoltaic monocrystalline solar cells and modules in India. The company has its state of the art facility in West Bengal. The companies' photovoltaic modules are used by several domestic, commercial as well as industrial applications.

4. Sterling and Wilson Solar:

4. Sterling and Wilson Solar:

The conglomerate firm RIL has acquired 40% stake in Shapoori Pallonji owned Sterling and Wilson Solar Ltd (SWSL) for Rs 2,845 crore.

The EPC powerhouse, Sterling and Wilson, commenced its operations in 1970s with a few large-scale projects in the Middle East, further venturing into the Asian subcontinent and various other countries.

The Solar EPC Division of Sterling and Wilson Private Limited, Sterling and Wilson Solar Limited commenced operations in 2011 and was subsequently demerged in 2017. This division was formed to tap into the growing renewable energy market.

Ever since the stake purchase by RIL, the stock has been gaining ground and last closed at Rs. 469.5 per share.

5. Ujaas Energy:

5. Ujaas Energy:

Started operations in the year 1979, the company based out of Indore is a provider of clean energy solutions. This is again a small cap scrip and in the previous day's trade, the stock of the company emerged as the top stock gainer in B group after the scrip gained a huge 20 percent.

The penny stock from the space last closed at a price of Rs.3.65 per share on the NSE.

6. Gita Renewable:

This has been the outlier in the segment and last closed at a price of Rs. 211.85 per share. The company works with the prime objective of generating power using renewable sources such as hydro, solar and wind. The company based out of Tamil Nadu has turned into profitable for the first time since its listing in the year 2015. In the June ended quarter, the company's profit surged to Rs. 36 lakh.

Disclaimer

Disclaimer

Note there are other renowned companies' in the space such as Suzlon etc. which also needs to be watched out for.

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