NTPC Green Energy, Adani Green, Suzlon Energy: How renewable energy stocks performed this week?

Shares of renewable energy companies were under pressure this week despite the reports of new orders and business amid a decline in broader equity markets.

Major green energy stocks declined this week amid the weak trend in the broader market. For the week ended Friday, January 10, most stocks in the green energy sector were down up to 10%.

Here’s a detailed look at the weekly performance of shares of major green energy companies:

NTPC Green Energy shares

The stock has declined nearly 7% in the last five sessions since January 6.

Earlier this week, NTPC Green Energy incorporated NTPC Rajasthan Green Energy Ltd in association with Rajasthan Rajya Vidyut Utpadan Nigam Ltd. NTPC Green Energy will hold 74% stake in the company, while the Rajasthan government-owned power distributor will own 26% in the new entity.

Adani Green Energy shares

The stock has been in focus since it announced the resignation of its CEO last week.

On December 30, 2024, the company informed the stock that the current chief executive officer (CEO) of Adani Green Energy, Amit Singh, will step down from his post effective March 31, 2025, and will be appointed as CEO of International Energy Business of the Adani Group.

ACME Solar Holdings shares

The green energy stock declined 3.9% this week.

The stock rallied nearly 5% on Thursday after the company announced the successful commissioning of an additional 90 MW of solar power capacity in Rajasthan. This development elevates ACME’s total operational renewable generation capacity to 2,453 MW.

ACME Solar Holdings, through its wholly-owned subsidiaries ACME Dhaulpur Powertech Pvt. Ltd and ACME Raisar Solar Energy Pvt. Ltd, commissioned the remaining capacity of 62 MW and 28 MW, respectively, on January 7.

Waaree Energies shares

Waaree Energies, one of the largest solar PV module manufacturers in the country, announced the commencement of trial production at its state-of-the-art 5.4 GW solar cell manufacturing facility in Chikhli, Gujarat, this week. At 5.4 GW capacity, the company has now attained the position of India’s largest advanced solar cell manufacturing plant.

Suzlon Energy shares

The stock dropped 10.3% this week, while trading in the red in four of the five sessions.

On Monday, the stock had hit the 5% lower circuit. The company clarified in an exchange filing that there was no event or information which triggered the price movement in Monday's session.