Best Solar Energy Stocks in India 2025

Posted by : sachet | Thu Jan 23 2025

Best Solar Energy Stocks in India 2025

Solar energy stocks might have a direct impact on the GOI’s (Government of India’s) aim to achieve net zero emissions by 2070 across all the significant industries in India. As of now, India is harnessing about 748 GW of power from the sun, and the number is expected to increase further.

The solar energy market is projected to grow at a CAGR of 40% by 2032 to reach $238 billion. This will benefit people living in Indian villages by making their energy needs eco-friendly. Moreover, the government is constantly increasing its efforts to promote solar power through the Solar Park Scheme, PLI (Production Linked Incentive), and PM Surya Ghar Muft Bijli Yojana. This will directly benefit the solar energy stocks by increasing their stock prices.

Solar Energy Stocks List By Market Capitalisation

Solar energy stocks in India are the shares or equities of the companies harnessing the power of the sun to generate electricity. These stocks often provide investors with exposure to robust growth and sustainable solutions for the rapidly increasing demand for renewable energy sources. 

These companies manufacture and install PV (Photovoltaic) systems. Steady growth and the immense government support for the green and renewable energy sector attract investors’ interest in the best solar energy stocks in India. Explore the top solar energy stocks to benefit from the world’s transition to clean energy sources. 

Solar Energy Stocks List By Market Capitalisation

Stock NameLTP (₹)Market Capitalisation (₹ Cr.)52-Week High (₹)52-Week Low (₹)
NTPC Ltd.369.203,64,000448.45272.80
Adani Green Energy Ltd.1,318.701,56,0002,174.10870.25
Tata Power Company Ltd.426.901,38,000494.85276.50
JSW Energy Ltd.644.201,16,000804.90397.65
Suzlon Energy Ltd.65.5090,25086.0433.90
SJVN Ltd.115.7045,030170.5081.05
KPI Green Energy Ltd.806.5010,3001,118.00374.40
Orient Green Power Company Ltd.17.882,08031.8816.57
Zodiac Energy Ltd.496.10738.49816.50141.00

*Data is updated as of 3rd December 2024

Factors to Consider When Investing in Solar Energy Stocks in India

We can expect an upside movement in the best solar energy stocks in India because of extensive government support and India’s production capacity. However, there are still some factors investors should consider before investing their invaluable money in these stocks. These factors could help them make a diversified investment portfolio in the long run. 

  1. Competitiveness: The rise in demand for solar energy across the globe encouraged companies to compete aggressively. High competitiveness might impact the performance of the organisation in terms of sales and profitability. Investors looking for top solar energy stocks should assess the company’s credibility to compete with other players in the same industry. It could help you get an advantage of high resilience during market volatility in the stock market. 
  2. Economic Slowdowns: We all are aware of the economic slowdowns. They include recession, health consequences, and more. Due to economic downturns, solar energy stocks may show high volatility. It may impact the stock prices significantly. However, solar stocks are somewhere resilient in nature. However, it is essential to safeguard against any uncertainty that may arise in the future. We should consider these economic downturns as the key factor to assess fluctuation in prices of the best solar energy stocks in India. 
  3. Government Initiatives: The solar industry has extensive support of government policies and initiatives. These include the CPSU Scheme, Defence Scheme, Solar Park Scheme, VGF Scheme, and more. Keep an eye on such government schemes to assess their impact on the top solar energy stocks in India. 

Financial Health: Assess the financial performance of the company with the help of different parameters such as YoY income growth, profitability, and cash flow position. Choose the best solar energy stocks representing steady financial success with a good track record of giving results. They are likely to be attractive options to make a diversified portfolio and generate balanced returns.

Top Solar Energy Stocks Based on 1-Year Returns

Stock Name1-Year Returns (%)
Zodiac Energy Ltd.245.35
KPI Green Energy Ltd.103.98
Suzlon Energy Ltd.63.32
Tata Power Company Ltd.51.62

*Data is updated as of 3rd December 2024

Dividend Yield in Solar Energy Stocks in 2024

Stock NameDividend Yield (%)
NTPC Ltd.1.86
SJVN Ltd.1.56
Tata Power Company Ltd.0.47
JSW Energy Ltd.0.31

*Data is updated as of 3rd December 2024

Advantages of Investing in Solar Energy Stocks 

The best solar stocks in India could offer investors an impressive level of capital appreciation in the stock market. But do you know it provides several other benefits? Yes, it does. Explore some of the key advantages of investing in solar energy stocks in the below section. 

  • Diversification: The best solar energy stocks in your portfolio could help you spread the finances and mitigate risk. Thus, investing in a mix of green energy companies can spread your risk across different areas and reduce the effect of instability in any single business.
  • Government support: A very strong focus of the GOI (Government of India) on clean energy policies for the solar industry provides support for the growth of solar energy stocks in the country. These initiatives, such as tax rebates, grants, and bold green energy goals, create a supportive environment for the growth of the solar energy industry.
  • Higher Growth Potential: As the requirement for clean energy increases, the solar energy industry will experience significant growth. Thus, the best solar energy stocks in India could provide long-term opportunities for investors. The increasing use of solar power, which is primarily driven by growing environmental concerns, favourable government policies, and declining technology costs, forms a healthy platform for the success of solar energy firms.

Environmental impact: Solar energy companies are an investment that contributes to the growth of safe energy sources, combining your financial goals with ecological awareness. As the world progresses toward a greener future, solar energy stocks provide a chance to support this shift and create good results.

Risks Associated With Solar Energy Stocks

Investing in solar energy stocks in India can help build wealth. However, it also comes with several risks and their negative effects. Identify such risks and assess their impacts on stock performance in the upcoming decades. 

RisksImpact


Supply Chain Disruption
Solar energy stocks in India are involved in massive exports. Thus, they are highly dependent on an effective distribution network to maintain profitability. Any disruption in the supply chain might decrease their sales. 

Political Changes
Changes in policies and subsidies can impact the profitability of the best solar energy stocks in India. 

Technological Disruptions
Insufficient capital can prevent solar companies from integrating technological advances in this rapidly evolving technological era, which could impact their competitiveness and profitability in the business environment. 

Let’s Wrap

The public-private partnership is building eco-friendly infrastructure with the help of clean energy solutions. The government has huge aims for solar power and is consistently working to achieve them optimally. Thus, investing in the best solar energy stocks in India could be an apt choice for investors. But, it is essential to conduct your own research to identify the significant factors and their impact on the stock performance. You can also seek a stock advisory service to choose the fundamentally strong solar energy stocks to invest in.

FAQs Best Solar Energy Stocks

1. Which solar energy stocks are listed on stock exchanges?

Ans. Here are some solar energy stocks in India listed on the NSE (National Stock Exchange).

  • Adani Green Energy Ltd. (NSE: ADANIGREEN)
  • NTPC Ltd. (NSE: NTPC)
  • JSW Energy Ltd. (NSE: JSWENERGY)
  • Tata Power Company Ltd. (NSE: TATAPOWER) 
  • Orient Green Power Company Ltd. (NSE: GREENPOWER)
  • KPI Green Energy Ltd. (NSE: KPIGREEN)
  • Zodiac Energy Ltd. (NSE: ZODIAC)
  • Suzlon Energy Ltd. (NSE: SUZLON) 
  • SJVN Ltd. (NSE: SJVN)

2. Is it good to invest in solar energy stocks in India?

Ans. The solar energy market in India is projected to grow with a CAGR of 40% by 2032. This robust growth position might offer investors steady returns and wealth-generation opportunities. Immense support of government schemes or initiatives makes solar power stocks a popular choice for investors. It is essential to conduct research on stocks and their fundamentals to avoid any type of risk on solar energy stocks. 

3. How to invest in solar energy stocks?

Ans. Investing in the best solar energy stocks in India is easy. You just need to follow the steps mentioned below. 

  • Identify the goals behind investment and select the direction to achieve them.
  • Research the best solar energy stocks in India and consult your financial advisor to choose the best investment options. 
  • Select the fundamentally strong shares and choose the quantity you wish to buy. 
  • Place an order with your demat account and invest in potentially. 
  • Monitor your portfolio and wait for the right time to book profit. 

4. Which is the largest solar energy company in India?

Ans. NTPC Ltd. is the largest solar energy company in India, with a market capitalisation of ₹3,64,000 crores. The company was founded in 1975 and is currently headquartered in New Delhi. NTPC is dedicated to lighting every corner of the country to build a sustainable future for all. Moreover, the government operates this organisation under the Ministry of Power. 

Screeners on Univest 

ExclusiveIndicesBreakouts
Buy in Short TermNifty Small Cap 100Daily Fresh Breakouts
Buy in Long TermNifty MidcapWeekly Breakouts
FII Holdings ChangeNifty BankOversold Stocks
Golden CrossoverSensexNearing Breakout
Upcoming DividendsNifty Fin Service
DII Holdings ChangeBankex
High Dividend StocksNifty Mid Cap 100
Earnings AnnouncedNifty 50
Fundamentally Strong 
Top Gainers
Top Losers
Low Debt Mid Caps
Cash-Rich Small Caps
Volume Shockers
52-Week High 
52-Week Low

You May Also Be Interested to Know

Top 10 Hotel Stocks in India 2025

Textile Stocks in India to Invest In

Travel Stocks in India to Invest In

Top 10 Infrastructure Stocks in India 2025

Best Solar Energy Stocks in India 2025

Popular Stocks to Consider 

Stock NameNSE Symbol 
Abbott India Ltd.ABBOTINDIA
Adani Total Gas Ltd.ATGL
Aegis Logistics Ltd.AEGISLOG
Apollo Hospitals Enterprise Ltd.APOLLOHOSP
Apollo Tyres Ltd.APOLLOTYRE
Ashok Leyland Ltd.ASHOKLEY
AU Small Finance Bank Ltd.AUBANK
Aurobindo Pharma Ltd.AUROPHARMA
Axis Bank Ltd.AXISBANK
Bajaj Auto Ltd.BAJAJAUTO
Bajaj Finance Ltd.BAJAJFINANCE
Balkrishna Industries Ltd.BALKRISIND
Bank of Baroda Ltd.BANKBARODA
Biocon Ltd.BIOCON
Brigade Enterprises Ltd.BRIGADE
Britannia Industries Ltd.BRITANNIA
Canara Bank Ltd.CANBK
Castrol India LtdCASTROLIND
Cholamandalam Investment and Finance Company Ltd.CHOLAFIN
Coforge Ltd.COFORGE
Den Networks Ltd.DEN
Dish TV India Ltd.DISHTV
Divis Laboratories Ltd.DIVISLAB
Dr Reddy’s Laboratories Ltd.DRREDDY
Eicher Motors Ltd.EICHERMOT
Exide Industries Ltd.EXIDEIND
Federal Bank Ltd.FEDERALBNK
GAIL (India) Ltd.GAIL
Gland Pharma Ltd.GLAND
Glenmark Pharmaceuticals Ltd.GLENMARK
Godrej Consumer Products Ltd.GODREJCP
Godrej Properties Ltd.GODREJPROP
Granules India Ltd.GRANULES
Gujarat Gas Ltd.GUJGASLTD
Gujarat State Petronet Ltd.GSPL
Hathway Cable & Datacom Ltd.HATHWAY
HCL Technologies Ltd.HCLTECH
HDFC Assets Management Company Ltd.HDFCAMC
Hero MotoCorp Ltd.HEROMOTOCO
Hindustan Petroleum Corporation Ltd.HINDPETRO
ICICI Bank Ltd.ICICIBANK
ICICI Lombard General Insurance Company Ltd.ICICIGI
ICICI Prudential Life Insurance Company Ltd.ICICIPRULI
IDFC First Bank Ltd.IDFCFIRSTB
Indian Oil Corporation Ltd.IOC
Infosys Ltd.INFY
IPCA Laboratories Ltd.IPCALAB
J.B. Chemicals & Pharmaceuticals Ltd.JBCHEPHARM
Kotak Mahindra Bank Ltd.KOTAKBANK
L&T Technology Services Ltd.LTTS
Laurus Labs Ltd.LAURUSLABS
LIC Housing Finance Ltd.LICHSGFIN
LTI Mindtree Ltd.LTIM
Lupin Ltd.LUPIN
Macrotech Developers Ltd.LODHA
Mahangar Gas Ltd.MGL
Mahindra & Mahindra Ltd.M&M
Mahindra Lifespace Developers Ltd.MAHILIFE
Mankind Pharma Ltd.MANKIND
Marico Ltd.MARICO
Metropolis Healthcare Ltd.METROPOLIS
Mphasis Ltd.MPHASIS
MRF Ltd.MRF
Muthoot Finance Ltd.MUTHOOTFIN
NATCO Pharma Ltd.NATCOPHARM
Nazara Technologies Ltd.NAZARA
Nestle India Ltd.NESTLEIND
Oberoi Realty Ltd.OBEROIRLTY
Persistent Systems Ltd.PERSISTENT
Petronet LNG Ltd.PETRONET
Phoenix Mills Ltd.PHOENIXLTD
Power Finance Corporation Ltd.PFC
Prestige Estates Projects Ltd.PRESTIGE
Procter & Gamble Hygiene & Health Care Ltd.PGHH
Punjab National Bank Ltd.PNB
PVR INOX Ltd.PVRINOX
Radico Khaitan Ltd.RADICO
Raymond Ltd.RAYMOND
Saregama India Ltd.SAREGAMA
SBI Cards and Payment Services Ltd.SBICARD
SBI Life Insurance Company Ltd.SBILIFE
Sobha Ltd.SOBHA
State Bank of India Ltd.SBIN
Sun TV Network Ltd.SUNTV
Syngene International Ltd.SYNGENE
Tata Consultancy Services Ltd.TCS
Tata Consumer Products Ltd.TATACONSUM
Tata Motors Ltd.TATAMOTORS
Tech Mahindra Ltd.TECHM
Tips Music Ltd.TIPSMUSIC
Titan Company LimitedTITAN
Torrent Pharmaceuticals Ltd.TORNTPHARM
United Breweries Ltd.UBL
United Spirits Ltd.UNITDSPR
Varun Beverages Ltd.VBL
Wipro Ltd.WIPRO
Yes Bank LimitedYESBANK
Zee Entertainment Enterprises Ltd.ZEEL
Zomato LimitedZOMATO
Zydus Lifesciences Ltd.ZYDUSLIFE

Explore 52-Week Highs & Lows at Univest

Among 5000+ stocks listed on the Indian stock market, some are trading at their highest and lowest prices. These prices are the highest or lowest of the whole year. Explore the 52-week highs & lows at Univest.

52-Week Highs

Stock Name Current Market Price (in Rs)Symbol 
SRF Limited2,850.05SRF
Zensar Technologies Limited861.95ZENSARTECH
Navin Fluorine International Limited4,230.00NAVINFLUOR
Blue Jet Healthcare Limited723.30BLUEJET
MPS Limited2,592.40MPSLTD
Jindal Drilling & Industries Limited952.05JINDRILL

*Data is updated as of 31st January 2025.

52-Week Lows

Stock NameCurrent Market Price (in Rs)Symbol
Bank of Baroda Limited213.34BANKBARODA
Container Corporation of India Ltd.742.00CONCOR
Indraprastha Gas Limited199.00IGL
Whirlpool of India Limited1,158.85WHIRLPOOL
Raymond Lifestyle Limited1,395.40RAYMONDLSL
Can Fin Homes Limited663.90CANFINHOME
Tanla Performs Limited557.20TANLA
Honasa Consumer Limited217.30HONASA
TVS Supply Chain Solutions Limited139.00TVSSCS
Diamond Power Infrastructure Limited113.99DIACABS-BE
Aditya Vision Limited421.00AVL
TeamLease Services Limited2,425.70TEAMLEASE
La Opala RG Limited261.00LAOPALA
Nucleus Software Exports Limited926.10NUCLEUS
Landmark Cars Limited504.95LANDMARK

*Data is updated as of 31st January 2025.

icon

100% Safe & Secure Platform.

Univest encrypts all data and transactions to ensure a completely secure experience for our members.

Copyright

2025 Univest. All rights reserved. | Designed with ❤️ in India
About Univest
About: Univest is a cutting-edge stock market platform designed to help traders and investors maximize their returns with expert-driven advisory services and seamless trading execution. Whether you're a seasoned trader or just starting, Univest simplifies your investment journey with actionable trade recommendations, AI-powered portfolio insights, and a fully integrated brokerage experience. With Univest, you gain access to proven stock market advisory, offering expert trade ideas for stocks, futures, options, and commodities. Our one-click trade execution feature eliminates slippage, ensuring instant execution through our advisory-first brokerage. Smart portfolio management allows you to identify underperforming stocks, optimize your investments, and receive real-time alerts. Additionally, Univest provides seamless investment opportunities beyond stocks, including mutual funds, bonds, fixed deposits, and insurance (coming soon). Join over 40 lakh active investors who trust Univest to make informed and profitable trading decisions. Start investing smarter today! 🚀  
Attention Investors : To ensure a smooth trading experience and prevent unauthorized transactions, investors must update their mobile number and email ID with their stockbroker or depository participant. As per regulatory requirements, investors are required to pay a stipulated amount as an upfront margin for trading in the Cash/FO segment. We encourage all investors to regularly check their securities in the Consolidated Account Statement (CAS) issued by depository to verify their holdings.Always verify alerts and transaction details received directly from the exchange or NSDL before proceeding with any trades. Please do not make payments through unverified email links, WhatsApp, or SMS. Always trade through a registered stockbroker and verify all details before making financial decisions.
 
Disclaimer: Investments in the securities market are subject to market risks. Please read all related documents carefully before investing. Brokerage will not exceed the SEBI prescribed limit. For more disclaimer /disclosure, visit https://univest.in/stock-broker or Univest App.We collect and use your contact information for legitimate business purposes, including providing updates on our products and services. We do not sell or rent your contact information to third parties. By submitting your details, you authorize us to contact you via Call/SMS, even if you are registered under DND. This authorization remains valid for 12 months.For grievances, please contact us at hello@unibrokers.in .
 
Univest Stock Broking Disclosures
Univest Stock Broking Private Limited - SEBI Reg. No. INZ000317437 (Stock Broker), NSE TM Code: 90392, BSE TM Code: 6866, MCX TM Code: 57290 and ICCL- Self Clearing Member Code: 6866, SEBI Reg. No. IN-DP-779-2024 (Participant), NSDL DP ID: IN304748.
 Risk Disclosures on Derivatives
1. 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
2. On an average, loss makers registered net trading loss close to ₹ 50,000
3. Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
4. Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Attention Investors: As per NSE circular dated July 6, 2022: https://nsearchives.nseindia.com/content/circulars/INSP52900.pdf, BSE circular dated July 6, 2022: https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20220706-55, MCX circular dated July 11, 2022: https://www.mcxindia.com/docs/default-source/circulars/english/2022/july/circular-418-2022.pdf?sfvrsn=9401991_0, investors are cautioned to abstain them from dealing in any schemes of unauthorised collective investments/portfolio management, indicative/ guaranteed/fixed returns / payments etc. 
Investors are further cautioned to avoid practices like:
a. Sharing 
i) trading credentials – login id and passwords including OTPs.
ii) trading strategies,
iii) position details.
b. Trading in leveraged products /derivatives like Options without proper understanding, which could lead to losses.
c. Writing/ selling options or trading in option strategies based on tips, without basic knowledge and understanding of the product and its risks.
d. Dealing in unsolicited tips through platforms like Whatsapp, Telegram, Instagram, YouTube, Facebook, SMS, calls, etc.
e. Trading / Trading in “Options” based on recommendations from unauthorised / unregistered investment advisors and influencers.
 Kindly read the Advisory Guidelines For Investors as prescribed by the Exchange with reference to their circular dated 27th August, 2021 regarding investor awareness and safeguarding client’s assets: https://nsearchives.nseindia.com/content/circulars/INSP49434.pdf
Kindly, read the advisory as prescribed by the Exchange with reference to their circular: NSE/ISC/51035 dated January 14, 2022 regarding Updation of mandatory KYC fields by March 31, 2022: https://www.nseindia.com/resources/exchange-communication-circulars# 
Attention Investors: Prevent unauthorised transactions in your Demat account by updating your mobile number with your depository participant. Receive alerts on your registered mobile number for debit and other important transactions in your Demat account directly from NSDL on the same day. Prevent unauthorised transactions in your Trading account by updating your mobile numbers/email addresses with your stock brokers. Receive information on your transactions directly from the Exchange on your mobile/email at the end of the day. Issued in the interest of investors. KYC is a one-time exercise while dealing in securities markets - once KYC is done through a SEBI-registered intermediary (Broker, DP), you need not undergo the same process again when you approach another intermediary. As a business, we don’t give stock tips and have not authorised anyone to trade on behalf of others. If you find anyone claiming to be part of Univest Stock Broking Private Limited and offering such services, please send us an email at hello@unibrokers.in
No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor’s account.
Update your email ID and mobile number with your stockbroker/depository participant and receive an OTP directly from the depository on your registered email ID and/or mobile number. Check your securities/mutual funds/bonds in the Consolidated Account Statement (CAS) issued by NSDL every month.
Attention Investors: SEBI has established an Online Dispute Resolution Portal (ODR Portal) for resolving disputes in the Indian Securities Market. This circular streamlines the existing dispute resolution mechanism, offering online conciliation and arbitration, benefiting investors and listed companies https://www.sebi.gov.in/legal/circulars/jul-2023/online-resolution-of-disputes-in-the- indian-securities-market_74794.html. ODR portal for Investors - https://smartodr.in/login.
Procedure to file a complaint on SEBI SCORES: Register on SCORES portal. Mandatory details for filing complaints on SCORES: Name, PAN, Address, Mobile Number, E-mail ID. Benefits: Effective Communication, Speedy redressal of the grievances.
arrow down