Waaree Energies to NTPC Green: How are renewable energy stocks performing in 2025?

The renewable energy sector in India is not just another market trend; it’s the very backbone of our future economic and environmental landscape. In 2025, we stand at a pivotal juncture—global energy dynamics are shifting, and India, with its ambitious clean energy goals, is poised to take a significant leap.

The domestic renewable energy sector in 2025 is facing a volatile yet exciting journey. With global energy demands shifting towards sustainable solutions, India’s renewable energy players are gaining ground. However, challenges like rising raw material costs and regulatory uncertainties persist.

Despite these obstacles, the sector continues to thrive with robust support from government policies like the Production-Linked Incentive (PLI) schemes and the growing focus on green energy worldwide. Let’s take a closer look at some of the top renewable energy stocks and the factors driving their performance this year.

Waaree Energies

Waaree Energies shares have remained under pressure so far this year amid a fall in broader markets and profit booking by investors as the stock has risen nearly 150% compared to its IPO issue price of ₹1,500 per share.

The company reported robust financial performance in FY25 as its revenue grew by 26.7% YoY to ₹14,445 crore, while net profit rose 51% YoY to ₹1,928 crore. Waaree Energies has a competitive edge driven by its strong manufacturing capacity, currently at 15 GW, with plans to ramp up to 20 GW by 2027. Despite recent stock price correction, Waaree remains well-positioned for long-term growth, supported by a strong order book and ambitious international expansion plans.

NTPC Green Energy

Recently listed NTPC Green Energy shares have remained under pressure in the last few months. Currently, the stock is down over 34% compared to its 52-week high of ₹155.35 per share. The stock has witnessed a major sell-off after the expiry of the shareholder lock-in period.

Besides this, the company has faced some challenges, including its dependence on government contracts and slower diversification. NTPC Green is yet to announce its Q4 earnings, but the company’s standalone net profit jumped 52.3% to ₹89.4 crore, compared to ₹58.7 crore in the same quarter last fiscal year. Revenue grew by 4.1%, totalling ₹460.9 crore, up from ₹442.6 crore in Q3FY24.

Premier Energies

Premier Energies shares has witnessed sharp correction in 2025. The stock is down 24.6% so far this year and 26.6% from its 52-week high. Concerns over US President Donald Trump's policies with regards to renewable energy has been a key overhang on the stock. Besides this, rising competition in the domestic markets has also impacted the stock price.

In December quarter, the company reported robust earnings, with 140% YoY rise in revenue to ₹1,713 crore, while net profit rose 493% YoY to ₹255 crore. The company will announce its Q4 results on May 17. The company’s focus on technology upgrades and expansion plans could drive recovery if market conditions improve.

Adani Green Energy

Adani Green Energy shares has witnessed some selling pressure as the stock is down nearly 8% in 2025. However, after its robust Q4 earnings the stock has covered some ground. The company’s Q4 FY25 net profit rose 24% YoY ₹383 crore, while revenue from core operations grew by 21.6%, reaching ₹3,073 crore. After the result announcement, the stock is up nearly 7% in May 2025. Despite facing hurdles, Adani Green’s strategic investments and global market diversification are paving the way for long-term growth in the renewable energy space.

KPI Green Energy

Another player in the renewable energy KPI Green Energy has witnessed selling pressure in short term. KPI Green Energy stock is down over 44% from its 52-week high of ₹745.3 set in August 2024 and trades lower by 23% in 2025. The company remains exposed to the risk of timely execution of the independent power producer (IPP) projects without any major cost overruns. The company will announced March quarter results today.

ACME Solar Holdings

ACME Solar Holdings shares are down nearly 7% in 2025. The integrated renewable energy firm reported a two-and-a-half-fold jump in consolidated net profit to ₹112 crore in the December quarter, up from ₹44 crore a year ago. Total revenue rose to ₹349 crore from ₹332 crore in the same period. The company will announced Q4 result on May 19. The company’s strategic focus on operational excellence and expanding grid-connected projects continues to position it well for future growth in the fast-evolving renewable energy market.

Why renewable energy remains a key investment opportunity

The renewable energy sector continues to present a dynamic and evolving investment opportunity. Experts believe some stocks have faced short-term setbacks, the long-term growth potential of companies like Waaree Energies, Adani Green Energy, and ACME Solar remains significant. Government support, a shift towards cleaner energy, and continued investments in capacity expansion are expected to drive the sector's growth. Despite current challenges, renewable energy stocks remain an attractive option for investors with a long-term outlook.