Green Energy Leaders: Adani Green, Waaree Energies, Hitachi Energy, and Torrent Power Rally Up to 7%

resr 5paisa Research Team

Last Updated: 12th December 2024 - 05:28 pm

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The green energy sector had an exciting day on December 12, with stocks like Adani Green Energy, Waaree Energies, Hitachi Energy, and Torrent Power making strong moves upward. Positive developments in their operations gave investors plenty of reasons to cheer.

Adani Green Energy stole the spotlight, jumping over 7% after one of its subsidiaries launched a 250 MW solar power plant in Rajasthan. With this addition, Adani’s total renewable energy capacity hit an impressive 11,434 MW—a big step forward for the company.

Adding to the buzz, Mint reported that Adani Green is in talks with investors and banks to refinance $1.1 billion in loans. This refinancing effort gave investors even more confidence, pushing the stock higher.

Waaree Energies and Hitachi Energy weren’t far behind, both gaining about 4%. Waaree snagged a new 170 MW solar project in Madhya Pradesh, on top of a major deal for up to 1 GW in solar module supplies. For Hitachi, a new order from Japan and its partnership with Samsung C&T to explore global High-Voltage Direct Current (HVDC) projects boosted investor sentiment.

Torrent Power also saw a solid 3% increase, making this its second straight session of gains. Earlier in the week, its Rs 3,500 crore qualified institutional placement (QIP) was oversubscribed by four times—clearly, investors are eager to get in on the action.
 

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