Top Green Energy Stocks to Buy: Prime Minister Narendra Modi took oath for a third consecutive tenure which investors are seeing as a great opportunity and hoping for good policies for green energy shares in Modi 3.0. The government is focused on reducing emissions for a better climate, due to which the demand for renewable energy is continuously increasing. As the demand for renewable energy is increasing, the business of renewable energy companies is also increasing.
With the implementation of new policies and support from the government, the green energy companies have witnessed a strong rise and delivered impressive returns to shareholders. As a result, investors generate good profit from these green energy shares. According to experts, green energy shares will give huge profits in upcoming years, considering the government’s prior focus on this sector. This article covers top 5 green energy shares that could give multi bagger returns in PM Modi’s third tenure (Modi 3.0).
Top 5 Green Energy Stocks
Here’s the list of top Green energy stocks which could deliver multi bagger returns in future.
1) IREDA
Indian Renewable Energy Development Agency (NSE: IREDA) is a company that provides financial aid for the development of new Renewable energy projects. The shares of IREDA have given multi bagger returns to investors since its listing in November, 2023. IREDA share’s have given more than 110% in the last YTD. All-time gain is nearly 250% since its IPO debut. The market cap of this company currently stands at Rs 58,891.61 crore.
IREDA became a Navratna company which means, they can now invest up to 1,000 crore without approval of central authority. Recently the corporation is planning to raise funds of up to Rs 4,500 crore as the government aims to sell 10% stake. If this happens then the share price will experience a huge surge in the coming days.
Also Read: IRB Infra Share Price Target From 2025 to 2050
2) KPI Green Energy Ltd
KPI Green Energy Limited (NSE: KPIGREEN) is one the best renewable energy companies on the basis of its outstanding performance. The shares of KPI Green have delivered an impressive return of 61.96% in the last one year. In this year so far, the share has almost doubled the money of investors, KPI Green is down by 8% so far.
This company produces solar and hybrid (Wind+Solar) energy. KPI Green has a market Capitalisation of Rs 9,926 crore.
3) Adani Green Energy Limited
Adani Green Energy Limited (NSE: ADANIGREEN) is a company that produces both solar energy and wind energy. The company has a production capacity of 20,434 MW which makes it one of the largest renewable energy producing companies in the country. The market cap of this company is Rs 1,59,512.07 crore.
If we talk about the share performance, Adani Green Energy has given around -39.97% return in the last one year and more than 357.27% of huge return in the last five years. All time gain is 3,324.45% since listing on the stock exchange.
4) NHPC Limited
NHPC is another top renewable energy company that produces energy by operating hydropower projects. It is the largest hydropower firm that has a production capacity of 6434 MW. The market cap of this company is Rs 79,496.41 crore.
The shares of NHPC fell by 2.97% so far this year and have delivered more than 12.47% in the last one year.
5) Orient Green Power Company Ltd
Orient Green Power is another top renewable energy company that produces wind energy. The market cap of this company is Rs 2,341.37 crore. The shares of Orient Green power have delivered negative returns of 32.39% in the last year. However, it has offered more than 700% return to investors in the last 5 years. The company is planning to install a 1GW capacity model to produce both wind and solar energy.
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