Gensol Engineering top pick among renewable energy stocks on attractive valuations

livemint.com:

Also Read: Renewable energy stocks jump up to 500% in 1 year; what's fuelling this rise? What should you buy from the sector?Furthermore, the renewable energy space has provided returns ranging from 400% to a startling 1200% in the previous year, there are a few stocks that remain at good valuations.As per trendlyne data, in a span of one year, shares of Waaree Renewable Technologies has skyrocketed by 1,1200%, KPI Green Energy has surged over 400%, Gensol Engineering have jumped over 170%, and Sterling and Wilson Renewable Energy have climbed over 130%.These companies have been striving to increase their assets and capabilities in order to assist India meet its 2030 objective of 500 GW installed capacity. Most have successfully secured large orders.In the recent times, KPI Green Engineering bagged orders totalling ₹351.35 crore from several clients for projects such as building crash barriers for railway track fencing, solar projects, and electricity transmission line towers.Similarly, Gensol Engineering reported a sizable order book of ₹1,783 crore at the start of FY25.

This order book will be completed over the following 12 months, according to the company's BSE filing."Over the past two or three years, the renewable clean energy story has been building up at a faster pace, will stay at the center of focus by the government, and is expected to see the highest renewable capacity addition in the next few years. As per reports India has articulated its clear commitment to reach net zero emissions by 2070 and meet 50% of its electricity requirements from renewable energy sources by 2030.