Top 5 Clean energy stocks| top renewable energy stocks

 Top 5 Clean energy stocks| top renewable energy stocks

1) kpi green :: 

KPI Green Energy Ltd is a Gujarat-based renewable energy company incorporated in 2008.

They focus on captive power production through wind and solar power plants, and also have a small industrial infrastructure projects division.

As of February 6, 2024, the company has a market capitalization of ₹5,767.4 crore.

Strengths:

Strong financial performance with a good revenue and profit growth of over 100% in the past 3 years.

Healthy return on equity (ROE) of 29.33% and return on capital employed (ROCE) in the past 3 years.

Efficient cash conversion cycle and good cash flow management.

Debt-to-equity ratio of 2, which is considered moderate for the industry.

2) borosil renewable:: 

Company Overview:

Borosil Renewables is a leading manufacturer of solar glass in India, catering to both rooftop and utility-scale solar projects.

They also produce borosilicate glassware and scientific apparatus.

Founded in 1962, the company has a strong brand presence and established distribution network.

As of February 6, 2024, the market capitalization is ₹4,183.24 crore

Strengths:

Market leader in solar glass manufacturing in India with a 20% market share.

Established brand recognition and strong distribution network.

Diversified product portfolio with offerings beyond solar glass.

Good financial stability with manageable debt levels.

3) tata power ::

Company Overview:

Tata Power is India's largest integrated power company, operating across the entire power value chain.

It has a presence in generation (thermal, hydro, solar, wind), transmission, distribution, and consumer solutions.

Founded in 1911, it boasts a long history and strong brand recognition.

As of February 6, 2024, the market capitalization stands at ₹1,39,263.

Strengths:

Largest integrated power company in India with a diversified portfolio.

Strong presence in renewable energy with over 30% of generation capacity coming from clean sources.

Extensive geographical reach across India and international operations.

Vertically integrated business model leading to operational efficiency

4) ireda ::

IREDA successfully completed its Initial Public Offering (IPO) in November 2023, marking a significant milestone.

The company reported a 67% growth in net profit for the third quarter of FY24, showcasing strong financial performance.

IREDA continues to actively collaborate with various stakeholders to further India's clean energy goals

5) adani green :: 

One of the largest renewable energy companies in India.

Part of the Adani Group, a major Indian conglomerate.

Headquartered in Ahmedabad, India

Key achievements:

Kamuthi Solar Power Project, one of the largest solar photovoltaic plants in the world.

Aims to build a 45 GW renewable energy capacity by 2030.

Achieved 92% operational EBITDA margin (from power sales) in FY23.

Displaced 13.5 million tonnes of CO2 in FY23.

Committed to sustainable practices and zero waste to landfill.