Top Solar Energy Stocks in February 2025: Gensol Engineering, K.P. Energy and More

As we enter February 2025, the renewable energy sector is experiencing impressive growth, with a notable 8% year-on-year rise in overall capacity in 2024.

Solar energy has been a major contributor to this surge, adding 24.5 GW of capacity, and solar installations more than doubled compared to 2023. The sector is expected to add another 50 GW over the course of FY25 and FY26.

Given these developments, the solar energy sector is poised for further expansion, and several companies in this space are positioned to benefit from the ongoing rise in solar adoption. 

Let’s take a look at some notable solar energy stocks in February 2025, based on their recent market performance.

Top Solar Stocks in India in February 2025 – Based on 5-Year CAGR

Note: The top solar sector stocks list provided here is as of January 23, 2025. The stocks are sorted based on their 5-year CAGR.

Overview of the Best Solar Energy Stocks 

• Gensol Engineering Ltd

Gensol Engineering Ltd. is a leading player in the clean energy sector, specialising in Engineering, Procurement, and Construction (EPC) services for solar projects worldwide. With a strong focus on technology-driven solutions, sustainability, and environmental stewardship, the company is also expanding into electric mobility and green energy.

As per news reports, the company anticipates an order inflow of approximately ₹1,000 crore in Q4, with its total order book, including energy storage projects, nearing ₹9,000 crore. In December 2024, Gensol secured a significant EPC contract worth ₹897.47 crore from NTPC Renewable Energy Ltd. 

Key metrics:

• Earning per Share (EPS): ₹15.98
• Return On Equity (ROE): 22.86%

• K.P. Energy Ltd

K.P. Energy focuses on providing high-quality wind energy infrastructure with a commitment to competitive pricing and timely delivery. The company emphasises a customer-centric approach and ethical values, ensuring strong stakeholder relationships.

In November 2024, K.P. Energy secured new orders totalling 1,003.7 MW for the development of renewable energy projects from KPI Green Energy. The company will handle the Engineering, Procurement, Construction, and Commissioning (EPCC) services for these projects.

Key metrics:

• EPS: ₹8.79
• ROE: 38.42%

• Orient Green Power Company Ltd

Orient Green Power Company is one of India’s largest Independent Power Producers (IPPs) in the renewable energy sector, with a diversified portfolio of 402.3 MW of wind assets across India and Europe. 

In the second quarter of FY25, Orient Green Power reported a decline of 11% in consolidated net profit, which stood at ₹66.46 crore compared to ₹75 crore during the same period in FY24. However, the company’s total income increased slightly, rising to ₹126.13 crore from ₹124.10 crore in the July-September period of the previous fiscal year.

Key metrics:

• EPS: ₹0.4
• ROE: 5.92%

• JSW Energy Ltd

JSW Energy is one of India’s leading private power producers, generating a diverse energy portfolio of 6,677 MW, including thermal, hydro, wind, and solar power. The company operates across multiple Indian states and also has stakes in natural resource companies in South Africa.

For Q2 FY25, JSW Energy reported a flat net profit of ₹853.25 crore, slightly up from ₹850.16 crore in the previous year. The company’s revenue from operations decreased by 1%, totalling ₹3,237.66 crore during the same period.

Key metrics:

• EPS: ₹10.5
• ROE: 8.67%

4. Adani Green Energy Ltd

Adani Green Energy Limited (AGEL) is one of India’s largest renewable energy companies, with a portfolio of 20,434 MW of solar and wind power projects. As part of the Adani Group, AGEL focuses on developing, operating, and maintaining utility-scale renewable energy projects that supply clean power to government entities and corporations.

Key metrics:

• EPS: ₹6.94
• ROE: 8.87%

Best Solar Sector Stocks in India – Based on Market Cap

Note: The best solar sector stocks list provided here is as of January 23, 2025. The stocks are sorted based on their market capitalisation.

Top Solar Sector Stocks Categorised by Sub-Sectors

Note: The best solar industry stocks list provided here is as of January 23, 2025. The stocks are sorted based on their sub-sectors.

Conclusion

As the renewable energy market continues to expand, driven by government initiatives and increasing demand for clean energy, these companies are likely to benefit. However, when investing in solar stocks, it’s crucial to align your investment decisions with your financial goals and risk tolerance. 

While some companies offer high growth potential, others may present more stable returns. Therefore, it is always advisable to seek professional guidance from a financial advisor to ensure that your investments are tailored to your objectives, whether you’re looking for short-term gains or long-term wealth creation.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.