Waaree Energies, Premier Energies, Inox Green: Renewable energy stocks zoom on Thursday, January 22; check details

All the sectoral indices on the NSE were trading in the green.

Premier Energies

Shares of the company were trading at ₹747.35 apiece on the NSE, up over 5%, ahead of its December quarter result announcement.

Early this month, the renewable energy player said it was looking to more than double its annual cell and module manufacturing capacity to 10.6 gigawatts and 11.1 gigawatts, respectively, as part of its Rs 11,000-crore expansion plan, to meet domestic demand.

The company is also looking to enter into the manufacturing of ingots and wafers to become one of the largest integrated renewable energy equipment manufacturers globally, Vinay Rustagi, Chief Business Officer (CBO) at Premier Energies, told PTI in an interaction.

In December 2025, Premier Energies said it had received cell and module supply orders worth over ₹2,300 crore in the quarter ended December 31, 2025.

The contracts have been awarded by a mix of leading domestic clients, including prominent Independent Power Producers (IPPs), the company said in an exchange filing. The company said it had secured new orders worth ₹2307.30 crores during the third quarter of FY26.

The execution of these orders is scheduled across FY27 and FY28.

Waaree Energies

Shares of the company were trading 11.34% higher at ₹2,693.20 apiece on the NSE after the company reported a strong set of numbers for the December quarter (Q3 FY26).

The company posted a strong revenue growth of over 118% YoY to ₹7,565 crore, as against ₹3,457 crore in the same period last year.

On the operational front, the EBITDA for the company jumped 167% YoY to ₹1,928 crore as against ₹921 crore in the same period last year. Consequently, the EBITDA margin for the quarter also expanded by over 500 bps to 25.4% vs 20.88% in the previous year’s same quarter.

Lastly, the company’s net profit for the quarter jumped 118% to ₹1,106 crore as compared to ₹506 crore in Q3FY25. The robust profitability was led by strong operational efficiency and a robust order book.

The company’s order book remained strong at ₹60,000 crore with nearly 23 GW module capacity and 5.4 GW cell capacity.

KPI Green Energy

Shares were trading 2% higher at ₹440 apiece on the NSE.

KPI Green Energy reported its earnings for the third quarter of the 2025-26 financial year (Q3FY26) on Wednesday, January 21, posting a 47.74% year-on-year (YoY) surge in its consolidated net profit to ₹125.8 crore.

In the corresponding period of the previous fiscal year, the renewable energy company had clocked a profit of ₹85.15 crore, it said in a regulatory filing.

The firm witnessed a 46.21% annual increase in revenue from operations to ₹662.86 crore during the quarter under review, compared to ₹458.36 crore in the December quarter of the 2024-25 financial year (Q3FY25). It was driven by accelerated project execution and healthy performance across key business segments.

Adani Green Energy

Shares were up over 3.7% at ₹911.50 apiece on the NSE. The company is slated to announce its Q3 earnings today.

Adani Green Energy in early January 2026 said it had incorporated a step-down subsidiary Adani Ecogen Five Ltd (AE5L) on January 1, 2026, which will produce electricity from renewable sources like solar and wind energy.

According to a regulatory filing, the AE5L is incorporated in India and registered with the Registrar of Companies, Ahmedabad, on January 1, and is yet to commence its business operations.

"Adani Renewable Energy Holding Eleven Ltd (AREH11L), a wholly owned subsidiary of the company, has incorporated wholly owned subsidiary, namely, AE5L on January 1, 2026," it stated.

Inox Green Energy Services

Shares were up around 7.5% at ₹170.66 apiece on the NSE.

In November 2025, Inox Green Energy Service said it would provide operations and maintenance services for 5 GW of renewable projects to be developed by INOXGFL Group & KP Group.

Inox Green Energy Services Ltd, India's leading renewables operations and maintenance (O&M) service provider, announced that the company's parent, Inox Wind Ltd, and group company Inox Solar Ltd, have entered into Memorandums of Understanding (MoU) with KP Group companies KP Energy Ltd & KPI Green Ltd, respectively, a company statement said.

The MoUs establish strategic partnerships aimed at jointly developing 2.5 GW of wind and 2.5 GW of solar power projects across multiple states in India.