Adani Green gains 1%, NTPC Green up 4%: Here's how renewable energy stocks are performing

Renewable energy stocks traded in positive territory on Wednesday, April 16.

Shares of Adani Green rose 1% to ₹946.3 apiece on the National Stock Exchange (NSE) at 9:32 am.

In an exchange filing, the Gautam Adani-led company said that its operational capacity increased by 30% year-on-year (YoY) to 14.2 gigawatt (GW) and will surge to 15.2 GW with an additional 1 GW near completion.

"Sale of energy increased by 28% YoY at 27,969 mn units in FY25, backed by robust capacity addition. Steady growth in generation at a CAGR of 45% over last 5 years with increasing proportion of Merchant power," it said.

Premier Energies stock climbed 0.79% to ₹936.45 per unit on the NSE after it formed a strategic partnership with Germany-based RENA Technologies GmbH for next-generation solar cell innovation.

The collaboration aims to combine Premier Energies' large-scale manufacturing capabilities with RENA Technologies' advanced wet chemistry and equipment solutions.

Sudhir Reddy, Director and Chief Strategy Officer of Premier Energies, said, "This partnership positions Premier at the forefront of the N-Type efficiency curve and paves the way for our advancement into tandem cell development—an essential step in the evolution of solar cell technology."

Shares of Waaree Energies, NTPC Green, and Suzlon Energy advanced 1.56%, 4.19%, and 0.75%, respectively.

Meanwhile, benchmark indices are trading flat with a positive bias. NIFTY50 is up 0.07% to 23,344, while SENSEX gained 59 points to 76,793.

In the NIFTY pack, Trent, Axis Bank, HDFC Life, Eicher Motors, IndusInd Bank and Apollo Hospital were the top gainers.

Maruti Suzuki, Hindalco, Bajaj Auto, Eternal, Sun Pharmaceutical, Hero MotoCorp, Infosys, and Tata Consumer Products were major laggards.

US markets settled in the negative territory on Tuesday.