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  1. Waaree Energies, NTPC Green, ACME Solar, Premier Energies: How renewable energy stocks are performing on Dec 10

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Waaree Energies, NTPC Green, ACME Solar, Premier Energies: How renewable energy stocks are performing on Dec 10

Upstox

2 min read | Updated on December 10, 2024, 12:01 IST

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SUMMARY

Renewable stocks reflected divergent trends on Tuesday, December 10. Shares of Waaree Energies and NTPC Green Energy traded higher, while those of Adani Green Energy, Premier Energies, and ACME Solar were down.

NTPC Green Energy shares were trading 2.4% higher at ₹148.18 apiece on the NSE.

NTPC Green Energy shares were trading 2.4% higher at ₹148.18 apiece on the NSE.

Renewable stocks reflected divergent trends on Tuesday, December 10. Shares of Waaree Energies and NTPC Green Energy traded higher, while those of Adani Green Energy, Premier Energies and ACME Solar were down.

Waaree Energies share price

Shares of Waaree Energies rose to 7.19% after the company secured an order to supply solar photovoltaic (PV) modules of up to 1 gigawatt capacity from a domestic company involved in renewable energy projects.

"This is to inform you that the Company has today received an order for supply of solar modules up to 1 GW from a renowned customer engaged in the business of owning, developing and operating renewable power projects in India," the firm said in an exchange filing.

NTPC Green Energy share price

NTPC Green Energy shares were trading 2.4% higher at ₹148.18 apiece on the National Stock Exchange (NSE) at 11:28 am.

The scrip, which was listed on the stock exchanges last month, is up 37.2% from the issue price of ₹108.

The supply of solar modules is expected to commence in FY25 and FY26, the filing said.

Adani Green share price

The Adani Green stock was down 2.38% to ₹1,188 apiece on the NSE. The company's market capitalisation stands at ₹1,88,183.06 crore.

On Monday, the Adani Group said that it is planning to invest ₹7.5 lakh crore across sectors in Rajasthan.

Speaking at the Rising Rajasthan Summit, Karan Adani, Managing Director of Adani Ports and SEZ, said, "Adani Group plans to invest over Rs 7.5 lakh crore across various sectors of the state economy."

He said that the firm plans to build the largest integrated green energy ecosystem in the world.

Premier Energies share price

Shares of Premier Energies declined 1.37% to ₹1,273.95 a unit on the NSE, with the total market capitalisation at ₹57,426.40 crore.

KPI Green Energy share price

KPI Green Energy shares were trading in the negative territory, with the stock down 0.26% to ₹815.4 per share on the NSE.

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