On March 3, 2025, the Indian renewable energy sector experienced a downturn, with major stocks trading in the red. Companies such as Waaree Energies Limited, Premier Energies Limited, and ACME Solar Holdings Limited all saw declines in their share prices. In contrast, NTPC Green Energy Limited and Adani Green Energy Limited stocks saw a rise in their prices. This trend mirrored the broader market sentiment, as benchmark indices like NSE NIFTY50 and BSE SENSEX also traded negatively during the same period.
Waaree Energies: Recent developments and stock performance
Waaree Energies' shares dropped by 3.18%, settling at ₹2,090 per unit on the National Stock Exchange (NSE). This decline came despite the company securing a significant order from ABREL EPC Ltd, a subsidiary of Aditya Birla Renewables Limited, to supply 410 MW of N-Type TopCon solar modules. Amit Paithankar, the full-time Director and CEO of Waaree Energies highlighted this collaboration as a pivotal milestone in advancing the renewable energy landscape.
NTPC Green Energy: Commissioning new projects amid stock decline
NTPC Green Energy's stock experienced an increase of 1%, trading at ₹88.15 per share on the NSE, bringing its market valuation to ₹72,070.40 crore. The company recently announced the commissioning of the final segment of its 300 MW Shambu ki Burj-2 (Kolayat) Solar PV Project in Bikaner, Rajasthan. Despite this progress, the stock faced downward pressure, possibly influenced by broader market trends.
Adani Green Energy: Refinancing initiatives and market response
Shares of Adani Green Energy rose by 4.34%, closing at ₹808 apiece on the NSE. The company recently refinanced its initial construction facility, amounting to $1.06 billion, to develop India's largest solar-wind hybrid renewable cluster in Rajasthan. This long-term financing has a tenure of 19 years, aligning with the asset's lifespan.
ACME Solar holdings: Expansion plans amid stock dip
ACME Solar Holdings' shares fell by 3.17%, trading at ₹186.97 per unit on the NSE. The company announced plans to invest ₹17,000 crore by 2026, focusing on hybrid and round-the-clock renewable capacities. Additionally, ACME Solar is exploring entry into the nuclear energy sector, signalling a diversification strategy.
Premier Energies: Market movements
Premier Energies also faced a downturn, with its stock declining during the week. The company's shares were trading at ₹872, marking a 10.18% decrease.
Market overview: Indices and top gainers
The broader market reflected similar sentiments, with the NIFTY50 index declining by 0.24% to 22,074 points and the SENSEX dropping 242 points to 72,954 at 9:54 AM. Despite the overall downturn, certain stocks like Mahindra & Mahindra Limited, Eicher Motors Limited, and UltraTech Cements Limited emerged as top gainers within the NIFTY50 space.
Investing in renewable energy stocks: How to buy shares online
For investors focusing on the renewable energy sector, the ability to buy shares online offers convenience and efficiency. Here's a step-by-step guide:
The ability to buy shares online has revolutionised investing, making it more accessible to a broader audience. By following these steps, investors can seamlessly participate in the renewable energy sector.
Summing up
On March 3, 2025, major renewable energy stocks, including Waaree Energies, NTPC Green Energy, Premier Energies, and ACME Solar Holdings, experienced declines, reflecting broader market trends. As of around 12 PM, Waaree Energies Limited fell 3.83% to ₹2,075.90, while NTPC Green Energy declined 2.10% to ₹85.44. Premier Energies also saw a dip of 2.96%, reaching ₹847.45, and ACME Solar Holdings dropped 4.34% to ₹184.71.
However, Adani Green Energy moved against the trend, rising 1.04% to ₹782.45 at the same time. Despite positive developments such as new project commissions and strategic investments, most stocks remained under pressure. For investors looking to capitalise on opportunities in the renewable energy sector, the ability to buy shares online provides a streamlined and efficient approach to building a diversified portfolio.
For android only