3 Clean Energy Project and Financing Stocks With a Strong Future Roadmap: Acme Solar Holdings, Pace Digitek and Power Finance Corporation
- October 12, 2026
- Posted by: Neeraj Pandey
- Category: Best Stocks
Acme Solar Rs 418.10, P/E 49.30. Pace Digitek Rs 165.13, P/E 11.08. PFC Rs 327.80. Closing prices of 9 Oct 2026.
Quick Answer
Clean energy project and financing stocks with the clearest long-term roadmaps today include Acme Solar in solar and hybrid power portfolio, Pace Digitek in telecom and energy projects and PFC in power sector lending. FY26 revenue growth was 59.2% at Acme Solar, 9.1% at Pace Digitek and 8.4% at PFC. P/E stands at 49.30 for Acme Solar (industry 23.12) and 11.08 for Pace Digitek (industry 18.50). Demand cycles, input costs and valuation decide how much of that growth the market keeps paying for, so each company’s risks need equal attention.
Clean energy project and financing stocks give investors exposure to solar projects, energy storage and the lenders that fund them. Project commissioning, order execution and funding costs decide how much of that build-out turns into profit.
This list covers three clean energy project and financing stocks: Acme Solar Holdings for solar and hybrid power portfolio, Pace Digitek for telecom and energy projects and Power Finance Corporation for power sector lending. Every figure comes from the latest reported financials and the 9 October 2026 market close. Companies without complete current figures were left out.
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What Are Clean Energy Project and Financing Stocks?
Clean energy project and financing stocks are shares of companies that build, execute or finance solar and power infrastructure projects. Results depend on project commissioning, order execution and funding costs, so debt levels and project execution separate the stronger names.
Clean Energy Project and Financing Stocks at a Glance
The table compares size, valuation, return on equity and debt for the three clean energy project and financing stocks as of the 9 Oct 2026 close.
| Company | CMP (Rs) | Market Cap (Rs Cr) | Industry P/E | ROE | Debt to Equity |
|---|---|---|---|---|---|
| Acme Solar Holdings | 418.10 | 29,692 | 23.12 | 9.86% | 3.93 |
| Pace Digitek | 165.13 | 3,492 | 18.50 | 13.48% | 0.44 |
| Power Finance Corporation | 327.80 | 106,758 | 17.72 | 18.22% | 7.00 |
Among renewable energy stocks, Acme Solar trades at a premium to the industry P/E, while Pace Digitek trades at a discount.
Why Do Clean Energy Project and Financing Stocks Have a Strong Roadmap in India?
Clean energy project and financing stocks have a strong roadmap in India because renewable capacity is growing under long-term power contracts, energy storage is being added and power projects need large financing. Three drivers stand out.
- Renewable capacity growth: Solar and hybrid projects are being added under long-term power contracts.
- Energy storage and telecom spending: Network and storage projects add to orders for infrastructure firms.
- Project financing: Power projects need long-term loans from specialist lenders.
Acme Solar Holdings: A Renewable Power Portfolio Builds the Next Leg
Acme Solar’s roadmap rests on developing, owning and operating solar and hybrid renewable power projects, with a growing portfolio of operating and under-construction capacity supporting revenue.
Revenue grew from Rs 1,892.29 crore in FY22 to Rs 2,507.08 crore in FY26, a 32.5% rise, and FY26 revenue was 59.2% higher than FY25. FY26 net profit was Rs 497.88 crore. In Q1 FY27, revenue grew 63.3% to Rs 953.77 crore, and net profit rose 79.9% to Rs 235.33 crore.
Debt to equity is 3.93 and return on equity is 9.86%. FY26 operating cash flow was Rs 1,248.59 crore against capital expenditure of Rs 5,321.20 crore. At a P/E of 49.30 against an industry P/E of 23.12, the stock trades above its industry multiple.
What to watch: Debt to equity of 3.93 is on the higher side. The P/E of 49.30 sits above the industry P/E of 23.12, so earnings delivery matters for the valuation.
Pace Digitek: Telecom and Energy Projects Anchor the Roadmap
Pace Digitek’s roadmap rests on telecom infrastructure, solar and energy storage projects, with network and clean energy spending supporting orders.
FY26 revenue was Rs 2,687.38 crore, 9.1% higher than FY25. FY26 net profit rose 10.1% to Rs 307.26 crore. In Q1 FY27, net profit rose 14.3% to Rs 62.51 crore. Operating margin was 19.11% in FY26 and 20.60% in Q1 FY27 against 23.34% a year earlier.
Debt to equity is 0.44 and return on equity is 13.48%. At a P/E of 11.08 against an industry P/E of 18.50, the stock trades below its industry multiple.
What to watch: The Q1 FY27 operating margin of 20.60% was below the 23.34% of a year earlier.
Power Finance Corporation: Power Sector Lending Builds the Next Leg
PFC’s roadmap rests on lending to power generation, transmission, distribution and renewable energy projects, with power sector investment supporting its loan book.
Revenue grew from Rs 76,344.92 crore in FY22 to Rs 115,533.18 crore in FY26, a 51.3% rise, and FY26 revenue was 8.4% higher than FY25. FY26 net profit rose 10.2% to Rs 33,625.34 crore. Over four years, net profit rose from Rs 18,768.21 crore in FY22 to Rs 33,625.34 crore. In Q1 FY27, net profit rose 0.2% to Rs 8,997.92 crore.
Debt to equity is 7.00 and return on equity is 18.22%. PFC paid a dividend of Rs 18.55 per share for FY26, a yield of 5.73%.
What to watch: Return on equity of 18.22% is the figure to follow as growth continues.
Best Clean Energy Project and Financing Stocks in India: Acme Solar vs Pace Digitek vs PFC on Key Financials
Among the best clean energy project and financing stocks in India, Acme Solar leads on FY26 revenue growth and Q1 FY27 net profit growth; Pace Digitek leads on the lowest debt to equity; PFC leads on return on equity and dividend yield. The table puts the numbers side by side.
| Metric | Acme Solar | Pace Digitek | PFC |
|---|---|---|---|
| FY26 revenue (Rs Cr) | 2,507.08 | 2,687.38 | 115,533.18 |
| FY26 revenue growth | 59.2% | 9.1% | 8.4% |
| FY26 net profit (Rs Cr) | 497.88 | 307.26 | 33,625.34 |
| Q1 FY27 net profit growth (YoY) | 79.9% | 14.3% | 0.2% |
| Return on equity | 9.86% | 13.48% | 18.22% |
| Debt to equity | 3.93 | 0.44 | 7.00 |
| Dividend yield | 0.00% | 0.00% | 5.73% |
Energy earnings follow project commissioning, order execution and funding costs, so full-year numbers and quarterly trends together give a better view.
How to Evaluate Clean Energy Project and Financing Stocks to Buy Before You Invest
A short checklist keeps the research consistent when you screen clean energy project and financing stocks and shortlist clean energy project and financing stocks to buy.
- Compare each stock’s P/E with its industry P/E, which differs by company here.
- Check debt levels and how many projects are already commissioned, because power projects need heavy upfront capital.
- Check whether revenue growth is turning into profit growth, not only sales.
- Read loan growth against funding costs to see how growth is financed.
- Watch debt to equity and interest cover before sizing a position.
- Spread exposure across companies and business lines instead of one demand cycle.
Check the Univest Screener for live data on these clean energy project and financing stocks
Risks to Consider Before Investing in Clean Energy Project and Financing Stocks
- Valuation: Acme Solar trades at 49.30 times earnings against an industry multiple of 23.12.
- Debt and cash flow: Acme Solar has debt to equity of 3.93.
- Margins: Pace Digitek’s Q1 FY27 operating margin of 20.60% was below the 23.34% of a year earlier.
- Project delays: Delays in land, approvals or equipment can push back earnings.
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Annual reports and quarterly result presentations are the most reliable places to verify the numbers quoted here, because they show segment details, management commentary and the notes behind each figure.
Comparing a quarter with the same quarter of the previous year gives a cleaner reading than comparing it with the preceding quarter, since seasonal patterns affect many businesses in India.
The shareholding pattern published every quarter shows whether promoters, mutual funds and foreign investors are raising or trimming their holdings, which adds useful context to the financial numbers.
Spreading money across several sectors and company sizes helps keep a portfolio steady, because each business responds differently to interest rates, commodity prices and consumer demand.
Investors who plan to hold for several years often review results twice a year, check whether management delivered on earlier guidance and compare progress with the original reasons for investing.
Reading the notes to accounts and the management discussion section helps separate recurring income from one-time items, which matters when a single quarter looks unusually strong or weak.
Final Take: Which Stock Has the Strongest Roadmap?
These three renewable energy stocks cover a solar power developer, a telecom and energy projects company and a power sector financier. Acme Solar leads on FY26 revenue growth and Q1 FY27 net profit growth; Pace Digitek leads on the lowest debt to equity; PFC leads on return on equity and dividend yield.
Across clean energy project and financing stocks, each roadmap still has to turn growth into steady profit, so independent research and position sizing matter. Investors should consult a SEBI-registered advisor before acting on any of the clean energy project and financing stocks to buy discussed here.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Clean Energy Project and Financing Stocks
Which are the best clean energy project and financing stocks in India with a strong roadmap?
Ans. Acme Solar Holdings, Pace Digitek and Power Finance Corporation stand out for their roadmaps in a solar power developer, a telecom and energy projects company and a power sector financier. FY26 revenue growth was 59.2% at Acme Solar, 9.1% at Pace Digitek and 8.4% at PFC, and return on equity ranges from 9.86% to 18.22%.
Is Acme Solar Holdings a good stock to buy now?
Ans. Acme Solar Holdings has a debt to equity ratio of 3.93, a return on equity of 9.86% and a P/E of 49.30 against an industry P/E of 23.12. Valuation, debt and project timelines move results. This article is not investment advice, so consult a SEBI-registered advisor before deciding.
What is the P/E ratio of Acme Solar, Pace Digitek and PFC?
Ans. The P/E ratio is 49.30 for Acme Solar (industry 23.12) and 11.08 for Pace Digitek (industry 18.50). Only Acme Solar trades at or above the industry multiple.
Which of these clean energy project and financing stocks has the highest return on equity?
Ans. Power Finance Corporation has the highest return on equity at 18.22%, followed by Pace Digitek at 13.48% and Acme Solar Holdings at 9.86%.
What are the risks of investing in clean energy project and financing stocks?
Ans. The main risks are valuation, debt and cash flow, margins and project delays. Acme Solar trades at 49.30 times earnings against an industry multiple of 23.12.
How did Acme Solar, Pace Digitek and PFC perform in Q1 FY27?
Ans. Acme Solar Holdings reported revenue of Rs 953.77 crore, up 63.3% year on year, and net profit rose 79.9% to Rs 235.33 crore. Pace Digitek reported net profit rose 14.3% to Rs 62.51 crore. Power Finance Corporation reported net profit rose 0.2% to Rs 8,997.92 crore.
Do clean energy project and financing stocks pay dividends?
Ans. PFC pays dividends. The dividend yield is 5.73% for PFC, based on dividends declared for FY26.
How can I invest in clean energy project and financing stocks in India?
Ans. You can buy clean energy project and financing stocks through a demat and trading account on NSE or BSE after checking each company’s financials, margins and valuation. The Univest Screener lets you compare fundamentals before placing an order. Investments in securities are subject to market risk, so consider your risk profile first.
