5 Renewable Energy Stocks With Low Debt Trading at a Discount of Up to 57% From Their Highs to Keep an Eye On
Renewable energy remains a key theme for India’s power and infrastructure landscape, but several stocks in the space have witnessed sharp corrections from their recent highs. For investors tracking companies with relatively lower debt, these declines bring a different angle to the table. Here are five renewable energy stocks that have fallen significantly from their 52-week highs while maintaining comparatively manageable debt levels, offering a closer look at their financial position.
Waaree Renewables Technologies
Waaree Renewables Technologies is a subsidiary of Waaree Energies focused on solar EPC and renewable energy project development. The company provides turnkey solutions across rooftop, ground-mounted and open-access solar projects, along with asset management services. Its business caters mainly to commercial and industrial customers and forms part of the wider Waaree renewable energy ecosystem. The stock is trading at Rs. 820 per share which 40 percent down from its high of Rs. 1358 per share and has low D/E of 0.12
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Vikram Solar
Vikram Solar is a solar photovoltaic module manufacturer and an integrated renewable energy solutions provider. The company manufactures high-efficiency solar PV modules and also operates across engineering, procurement and construction (EPC) and operations and maintenance (O&M) services. It has an international presence and supplies solar solutions across multiple markets. The stock is trading at Rs. 114 per share which is 52 percent down from its high of Rs. 240 per share and has low D/E of 0.23
GK Energy
GK Energy is engaged in providing solar energy solutions, with a focus on solar-powered agricultural applications. Its business includes solar EPC services and solutions aimed at supporting farmers through renewable power systems. The company operates within India’s expanding distributed solar and agricultural renewable energy market, with its business linked to the adoption of solar power. The stock is trading at Rs. 154 per share which 56 percent down from its high of Rs. 355 per share and has low D/E of 0.19
KP Green Engineering
KP Green Engineering operates in the renewable energy and engineering space, with its business focused on manufacturing and supplying fabricated and engineered products used in power and infrastructure projects. The company is part of the KP Group ecosystem and benefits from its broader presence across renewable energy, power generation and related engineering activities. The stock is trading at Rs. 285 per share which is 54 percent down from its high of Rs. 627 per share and has low D/E of 0.76
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Websol Energy System
Websol Energy System is an Indian solar manufacturing company with a long operating history in the sector. It manufactures solar cells and modules and has been expanding its manufacturing footprint. The company is also pursuing a new greenfield solar manufacturing facility in West Bengal, adding to its focus on increasing production capacity. The stock is trading at Rs. 68.2 per share which is 50 percent down from its high of Rs. 138 per share and has low D/E of 0.21