Shares of Premier Energies saw a significant jump of 10% on October 14, following the announcement that its subsidiaries, Premier Energies International Private Ltd and Premier Energies Photovoltaic Private Ltd, secured multiple orders amounting to ₹765 crore.
These orders include ₹632 crore for solar modules and ₹133 crore for solar cells, which are set to be delivered starting July 2025. The orders come from eight domestic clients and one international customer, boosting investor confidence in the company and its growth prospects.
This recent development highlights the rising interest in the renewable energy sector, which is becoming increasingly attractive for those looking to buy shares online in companies involved in sustainable energy solutions.
Major solar contracts drive growth
On October 8, Premier Energies had previously informed stock exchanges about signing a significant Module Supply Agreement (MSA) with BN Hybrid Power-1 Private Limited, a Special Purpose Vehicle (SPV) of BrightNight India.
According to the agreement, Premier Energies will supply 173.35 MWp of solar modules with advanced Topcon technology for BN Hybrid Power’s 300 MW renewable energy project located in Barmer, Rajasthan. This supply will also begin in July 2025, underscoring Premier Energies' strong order pipeline.
For those interested in the renewable energy sector, Premier Energies’ expanding business and secured contracts present an appealing option to buy shares online, especially as the company continues to show growth potential.
Expanding product line and manufacturing capabilities
Premier Energies has established itself as a major player in the solar energy sector, producing integrated solar cells and solar panels. Its product portfolio includes solar modules, bifacial modules, and a range of EPC and O&M solutions. The company operates five manufacturing facilities, all located in Hyderabad, Telangana, which contribute significantly to its ability to fulfil large-scale orders and maintain its competitive edge.
This robust infrastructure supports the company’s ongoing growth, making it a potential candidate for investors looking to buy shares online in the renewable energy space. With the increasing demand for solar solutions, Premier Energies is well-positioned for long-term success.
IPO success and market performance
Premier Energies made its stock market debut earlier this year, listing on the bourses after its successful initial public offering (IPO) in August. The company raised ₹2,830.40 crore through its share sale, which included a fresh issue of ₹1,291.40 crore and an offer for sale of 3.42 crore shares. Since its listing in September, Premier Energies shares have surged by approximately 38%, significantly outperforming the Nifty index.
The positive stock performance since the IPO reflects investor confidence in Premier Energies' business strategy and its ability to secure high-value contracts. For those looking to buy shares online, the company’s strong market performance makes it an attractive option.
Impressive financial results
Premier Energies has also shown impressive financial growth. In Q1 FY25, the company reported a consolidated net profit of ₹198.16 crore, compared to just ₹31.33 crore in Q1 FY24.
Net sales for the quarter stood at ₹1,657.37 crore, a sharp increase from ₹611.02 crore in the same period the previous year. This substantial improvement in financial performance further strengthens the company’s position in the market.
With such strong financial results, Premier Energies presents a compelling case for those who are keen to buy shares online in companies with solid growth trajectories.
A promising future for premier energies
Premier Energies’ recent stock surge is a testament to its growing presence in the renewable energy sector and its ability to secure high-value contracts. The company’s expanding product line, manufacturing capabilities, and strong financial performance make it an attractive option for investors.
With the increasing focus on sustainable energy, Premier Energies is well-positioned for continued growth, making it a stock worth considering for anyone looking to buy shares online.
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