5 Great Solar Stocks Related to Solar Energy

Now, retail investors have a golden opportunity to include fundamentally strong stocks in their portfolios instead of chasing low-priced stocks. Holding these quality stocks for at least three to five years can deliver good returns despite market fluctuations such as elections, policy changes or global challenges such as the COVID-19 pandemic. In this article, we will talk about the best solar energy stocks that will be a good addition to your portfolio and offer good returns.

1. Adani Green Energy Limited (AGEL)

AGEL is India’s largest private sector thermal energy producer. It offers a market capitalization of ₹2,29,834.99 crore with a thermal capacity of 15,250 MW and a solar power plant capacity of 40 MW. Adani Green Energy stock is currently trading at a 52-week high and offering good financial offers. In addition to profitable returns, AGEL also promises good returns in the future, making it a good opportunity to invest in it.

2. Kotyark Industries

It is the leading company in the Indian renewable energy and natural resources sector. This company from Rajasthan produces biodiesel with a capacity of 82,500 kiloliters. This company has achieved a return of 54% in 3 years and 244% return in 1 year. Kotyark Industries offers a good opportunity with its excellent yields and excellent returns.

3. INDO AMINES LTD

The company is a company with strong fundamentals and offers consistent dividend payments, resulting in strong profit margins. This company has a high return on equity (ROE) and a high return on invested capital (ROCE). As it stands, this company is trading at a low price and offering its shares at deep discounts. Investing in this company can be a good decision due to its strong financial performance that is expected to deliver good returns in the future.

4. KPI Green Energy Limited

KPI Green Energy Limited is one of the leading players in the solar energy sector with a current market capitalization of ₹ 9,403.79 crore. The excellent performance of this company and the good returns offer a good investment opportunity for private investors who want to invest in solar energy for a good future.

5.IREDA Limited

It is a non-banking financial company that works on sustainable energy projects. The company operates in solar, wind, hydro, bioenergy and waste to energy sectors and has disbursed ₹55,000 crore so far. IREDA Limited, given its strong financial position and the growth of the growing renewable energy sector, offers a good investment opportunity.