Waaree Energies, KPI Green Energy fall up to 16%: Check weekly performance of renewable energy stocks

Renewable energy stocks saw a significant decline this week amid a sluggish trend in the broader market. Shares of leading green energy companies declined up to 16% on a weekly basis.

The renewable energy stocks witnessed a sharp slide this week after Donald Trump took oath as the 47th President of the United States. According to experts, the anticipation of increased tariff on import of solar products to the US by the Trump Administration triggered heavy selloff in renewable energy stocks.

Shares of leading green energy companies, like Waaree Energies, Adani Green Energy, NTPC Green and ACME Solar Holdings declined between 6% and 16% on a weekly basis.

Here is a detailed look at the performance of renewable energy stocks this week.

Waaree Energies

The stock tanked nearly 6% to hit an intraday low of 2,207 apiece on the NSE, on Friday, declining 17% in just three sessions.

The second lock-in period for anchor investors in Waaree Energies had ended on Wednesday, which triggered a surge in trading volumes, dragging down the share prices. The company allotted 84.96 lakh shares at ₹ 1,503 each to 92 anchor investors ahead of its IPO in October 2024.

Premier Energies

Last week, the company had informed the exchanges about order wins to supply solar PV cells and modules from two large IPP customers and others. However, Premier Energies shares also saw a decline after Donald Trump’s oath taking and the new US government’s decision to hold green energy funding worth up to $300 billion triggered selloff in Indian green energy stocks.

NTPC Green Energy

Adani Green Energy

Adani Green Energy on Thursday reported an 85.2% YoY jump in its net profit for the December 2024 quarter. Its net profit stood at ₹474 crore against ₹256 crore in the same period a year ago. The Adani group company’s revenue soared 2.3% year-on-year to ₹2,365 crore from ₹2,311 crore in Q3FY24.

ACME Solar Holdings

On Thursday, the company informed the stock exchanges that it expanded its renewable energy capacity by commissioning two 47 MW and 39.95 MW solar power plants in Rajasthan.

KPI Green Energy

Last week, the company announced securing new orders to the tune of 62.20 MW. The orders pertained to the development of solar power projects with a cumulative capacity of 62.20 MW under the company's 'Captive Power Producer (CPP)' business segment.