Climate change is the most widely discussed topic lately. Environmentalists and scientists have been warning of the potentially disastrous impact on Earth if we keep using traditional sources of energy. This has increased the usage of renewable energy sources as more individuals opt for sustainable options.
As the government and the private sector work towards the common goal of promoting renewable energy, adding these stocks to your online stock trading account can be beneficial. If you are confused about which renewable energy stocks to add to your portfolio, this article will help you.
NTPC stands for National Thermal Power Corporation. It is a leading player in the power generation business and has a well-established value chain in power generation. NTPC is involved in coal mining, power trading, power generation, consulting services, etc.
The company operates under the ownership of the Ministry of Power and flexes its muscles into the distribution of natural gas exploration, production, and transportation.
· NTPC Share Price as of June 2023: ₹188+
· Market Cap: ₹1692.06 billion
Adani Green is part of the Adanis Group conglomerate. The company has massive footprints in solar and wind-farm projects and builds, owns, and operates utility-scale grid-connected solar and wind-farm projects.
This Adani Group company is on a mission to create sustainable infrastructure. It also operates the Kamuthi Solar Power project, one of the largest photovoltaic plants in the world.
· Adani Green Share Price as of June 2023: ₹951+
· Market Cap: ₹1528.27 billion
JSW Energy is a power generation company. It is also into power trading, generation, transmission, equipment, and mining manufacturing segments and is part of a larger JSW group.
The company has a presence across different states in India. It also has stakes in natural resource companies in South Africa. JSW Energy has joint ventures with many government entities in India with a focus to drive sustainable solutions.
· JSW Energy Share Price as of June 2023: ₹260+
· Market Cap: ₹420.87 billion
Urja Global a prominent power generation company in India. It is one of the leading Renewable energy developers and operators. The company’s main operations include supply, installation, maintenance, and design of grid-connected solar power plants.
Urja Global is the approved channel partner of MNRE (Ministry of New and Renewable Energy) Govt. of India.
· Urja Global Share Price as of June 2023: ₹10+
· Market Cap: ₹4.31 billion
Borosil Renewables runs an almost monopoly business, with the company being the first and only solar glass manufacturer in India. It is the largest manufacturer of volumetric glassware. The company’s product spectrum includes consumer products, scientific and industrial products, solar water heater products, etc.
· Borosil Renewables Share Price as of June 2023: ₹530+
· Market Cap: ₹67.01 billion
With the race to save the planet, renewable energy stocks are only going to get more traction, and companies in this area have a wide opportunity to grow. To leverage this, if you are planning to trade in the renewable energy segment, knowing about these 5 most renewable energy stocks can help you diversify your portfolio for online stock trading.
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