Solar energy stocks in India are gaining momentum as the Indian government and international companies are investing heavily in the sector. The Indian government has recently sanctioned $2.57 billion (8.31 lakh crore rupees) as a part of the PLI scheme to boost the solar sector. This investment is expected to increase the growth of solar companies and the solar market in India.
Some of the top solar energy stocks in India include:
1️⃣ Waaree Renewables – a leading solar company in India, known for its quality and innovation.
2️⃣ Urja Global – a solar energy company specializing in solar power generation and renewable energy solutions.
3️⃣ Adani Green – a solar energy company that has emerged as one of the top solar companies in India.
4️⃣ Surana Solar – a renewable energy company specializing in solar modules and providing solar solutions.
5️⃣ Websol Energy – a renewable energy equipment and services company.
These companies are well-positioned to benefit from the increasing demand for solar energy in India. Investing in these companies can provide exposure to the solar energy sector, but it is essential to conduct thorough research and consider the risks associated with investing in individual stocks.