5 multibagger stocks that are into clean and renewable energy supporting the climate change wave

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5 multibagger stocks that are into clean and renewable energy supporting the climate change wave
  • With the growing awareness about climate change, the government of India has been supporting clean energy projects in the country.
  • An investment of ₹10,000 in one of these renewable energy firms a year back would have reaped a return of ₹1.52 lakh.
  • Here is a list of 5 well performing green energy stocks for those who care for climate change.
Climate change has been a hot topic across the globe and is also worrying growing economies. In fact, the government of India also seems committed to increasing the use of clean energy sources and is already undertaking various large-scale sustainable power projects and promoting green energy heavily. Also, this week, US special presidential envoy for climate, John Kerry said that the US will assist India in attracting finance and technology to achieve its 450 gigawatt renewable energy target for 2030.

For those interested to invest in this new wave, there are many listed Indian companies manufacturing solar cells and thereby generating clean energy. Moreover, some companies’ stocks have become multibagger and created huge wealth for investors in the last one year.

Here is a list of 5 well performing green energy stocks for those who care for climate change:

An investment of ₹10,000 in this renewable energy firm a year back would have reaped a return of ₹1.52 lakh

An investment of ₹10,000 in this renewable energy firm a year back would have reaped a return of ₹1.52 lakh
Flourish chart/BSE data

While benchmark index Sensex gained 49% in the last one year, Gita Renewable Energy climbed 1421% during the period. Gita Renewable Energy is engaged in producing power from renewable resources including wind, solar and hydro. The company was incorporated in 2010 and is based in Gummidipoondi, Tamil Nadu.

The company turning into profitability was a huge milestone for the company. The firm has been incurring losses continuously in all financial years since it got listed in 2015. It turned profitable in the March quarter 2021 quarter when it posted a profit of ₹15 lakh. In the June quarter, the net profit rose to ₹36 lakh. Promoters hold a major stake in the company with 73.05% held by them and the rest 26.95% held by public shareholders.

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Shares of JSW Energy surged more than 421% in the last one year

Shares of JSW Energy surged more than 421% in the last one year
Flourish chart/BSE data

Another firm in the renewables sector is JSW Energy, part of the JSW conglomerate. JSW Energy is one of the largest power sector producing companies in India that has a generating capacity of 4543 megawatt with a combination of thermal power, hydel power and solar power. Pursuing the endeavour to provide sustainable and green energy, it has taken a few steps towards green energy by creating a 10 megawatt solar power plant. The company has made an investment to create an asset base of 1.77 megawatt solar rooftop system and 10.46 megawatt ground mount solar system at the company’s cement plant, thermal power plant and hydel power plant spread over Andhra Pradesh, West Bengal, Maharashtra, Rajasthan and Himachal Pradesh.

The company has a market capitalisation of ₹51,434 crore as on September 15.

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Borosil Renewables’ stock multiplied by 4 times in one year

Borosil Renewables’ stock multiplied by 4 times in one year
Flourish chart/BSE data

Borosil Renewables manufactures solar glass in India. The company spotted the opportunity in the segment quite early and commissioned its solar glass manufacturing facility in January 2010. Reportedly, the demand for solar glass in India stands at 650 tonnes per day of which 60% is met with imports from Malaysia and China and rest 40% is fulfilled by Borosil, which is said to be the only solar glass manufacturer in India. The company also exports solar panel glass to Europe, with the primary focus being Germany, Spain, Portugal, Russia, and Turkey. The company has a market capitalisation of ₹4,218 crore.

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Shares of Websol Energy System soared 257% in the last one year

Shares of Websol Energy System soared 257% in the last one year
Flourish chart/BSE data

Another company in the solar industry is Websol Energy System, which is said to be the leading manufacturer of photovoltaic monocrystalline solar cells and modules in India. Its products range from 5 watt to 220 watt, catering to the demands of home, commercial, and industrial institutions, and has been in business for more than two decades. Every solar cell that the company manufactures and uses in its modules is tested and electrically matched. The company has a market capitalisation of ₹214 crore.

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Shares of this thermal and solar power producing company spiked 167% in the last one year

Shares of this thermal and solar power producing company spiked 167% in the last one year
Flourish chart/BSE data

Adani Power is a producer of thermal power with a capacity of 12,450 megawatt. It also operates a mega solar plant of 40 megawatt at Bitta, Kutch district of Gujarat along with other coal based power plants in the state. In 2013, the company commissioned a 40 megawatt solar power project in Kutch, Gujarat. The company has a market capitalisation of ₹38,222 crore.

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