Waaree Energies, NTPC Green, Premier Energies, Adani Green, Suzlon Energy: Here's how renewable energy stocks are performing on Dec 2

Shares of renewable energy players like Waaree Energies, Adani Green Energy, NTPC Green Energy, Premier Energies and Suzlon Energy were trading with losses on Tuesday, December 2.

Shares of Adani Green Energy stock tumbled 1.55% to an intraday low of ₹1,023.4 apiece on Tuesday.

The company in a regulatory filing on December 1 said through its various stepdown subsidiaries it has operationalised an aggregate 200 MW power project at Khavda, Gujarat. “With the commissioning of these plants, AGEL’s total operational renewable generation capacity has increased to 16,929.8 MW,” Adani Green Energy said in a statement.

The stock was trading at ₹1,028.80 per share on NSE, falling 1.04%.

Waaree Energies shares slipped nearly 1% to an intraday low of ₹3,155 apiece on Tuesday as the firm received an order from the Assistant Commissioner, Central GST & Central Excise Division-IV, Surat, imposing a penalty of ₹85,09,810. The penalty was issued under Section 74(1) of the CGST Act and the Gujarat GST Act for not paying GST on the subsidy amount received for installing rooftop solar panels for residential consumers.

Further, the renewable energy firm said it “is taking appropriate steps to file an appeal against the order imposing the penalty before the appropriate authority.”

Last week, Waaree Energies bagged an order for the supply of 140 MW of solar modules from a renowned customer engaged in the business of owning, developing and operating renewable power projects in India.

At 11:57 AM, the stock was trading at ₹3,158.10 apiece on NSE, losing 0.69%.

Shares of NTPC Green Energy touched an intraday low of ₹93.50 apiece on NSE, declining 1.4%. At 12 PM, the stock was trading 1.29% lower at ₹93.50 per share.

Last month, Ayana Renewable Power Pvt Ltd, a wholly owned unit of ONGC NTPC Green Pvt Ltd (a 50:50 JV between NTPC Green Energy and ONGC Green), secured a 140 MW Round The Clock RE Project in the REMC Tender.

On November 19, the company's subsidiary NTPC Green Energy signed a Memorandum of Understanding (MoU) with The Singareni Collieries Company for the development of renewable energy projects.

Suzlon Energy shares lost nearly 1% to an intraday low of ₹53.24 apiece on Tuesday. It had touched an intraday high of ₹54.10. At 12:05 PM, it was seen 0.24% lower at ₹53.62 per share.

In the September quarter of the current financial year, the company had posted a 539% increase in its consolidated net profit to ₹1,279.44 crore as compared to ₹200.2 crore a year back. Its revenue surged 84.68% year-on-year (YoY) to ₹3,865.54 crore.

The company’s revenue from operations rose 85% in the July-September period to ₹3,866 crore as compared to ₹2,093 crore on a year-on-year (YoY) basis.

On the operational front, driven by strong delivery volumes, Suzlon Energy’s earnings before interest, taxes, depreciation & amortisation (EBITDA) for the quarter increased 153% to ₹716 crore in Q2 FY26 as compared to ₹283 crore in the corresponding quarter for the previous fiscal year.

The EBITDA margin for the quarter expanded 18.5% in the reporting quarter in contrast to 13.5% YoY.

Premier Energies shares were trading lower on Tuesday. After opening at ₹970.80, the stock had touched an intraday low and high of ₹966.20 and ₹975.70 per share, respectively. At 12:10 PM, the shares were trading at ₹968.75 apiece on NSE, falling 0.31%.

Last week, the firm’s subsidiary Premier-Green Aluminium Pvt Ltd, the joint venture formed for aluminium frame extrusion, had allotted 25,000 equity shares of ₹10 each to its JV partner, Nuevosol Energy, as per the earlier agreement and SEBI disclosure requirements.

“Consequent to this allotment, Premier Energies Limited now holds 80% of the equity share capital of the JV Company, and the remaining 20% is held by Nuevosol Energy Private Limited. The JV Company proposes to raise additional capital of approximately ₹60 crores in tranches for the implementation of the Project, in addition to availing borrowings from banks and financial institutions,” the company had said.