So why now, in this moment, is the theme of ‘disruption’ taking center stage? Well, just because it’s making the change at a lightning speed now. Traditional businesses are too big and set in their old ways. And the one industry seeing a huge amount of money being pumped in is the renewable energy space. Investors are falling head over heels whenever they hear the term ‘renewable energy’. Let’s look at the top companies from the renewable energy sector and see if they’re giving investors their money’s worth. Tata Power is one of India’s leading players in the renewable energy space with renewable power capacity of 2.6 gigawatt (GW) in 11 states. It’s well-positioned to respond to the shifting landscape of India’s renewable energy push.
Investing in disruptive and specialised enterprises has recently been a popular issue in the financial world. However, when you think about it, there’s nothing really novel about it. This has always been the way things have been done in life and in business. Isn’t it true that when the wheel was developed or when mobile technology took over, there was a disruption? Another example is the disruption of the entertainment business by Netflix and other streaming services.
Apart from renewable energy, Tata Power is acing the EV race. Tata Power has various orders up its sleeve in the electric vehicle (EV) charging stations segment. Over the past three months, Tata Power share price is up 72%. When compared yearly, the stock is up a whopping 210% in the past 12 months.
Tata Power is planning to take its renewable production to massive 15 GW by 2025. The company is a front-runner across the renewable spectrum through its subsidiaries, Tata Power Renewable Energy, Tata Power Solar Systems (TPSSL), and Walwhan Renewable Energy (WREL).
Keeping in view rapid technological advancement, Websol has invested in cutting-edge developments to manufacture world-class photovoltaic cells and solar modules at its state-of-the-art facility in Falta, SEZ. The facility comprises a production capacity of 250 MW cells and 250 MW modules. Just like Tata Power, shares of Websol Energy are also on a roll this year. Over the year gone by, Websol Energy share price is up around 175%. The big returns by the stock are in line with the company’s fundamentals. The stock is under pressure this month and has fallen around 8%.
Websol Energy System is a leading manufacturer of photovoltaic monocrystalline solar cells and modules in India. The company went into business as a fully export-oriented unit catering to Europe (mainly Germany and Italy) and the US.
Borosil Renewables is the first and only solar glass manufacturer in India. It’s a proxy play if you want to participate in the solar energy revolution. The company spotted the opportunity in the segment quite early and commissioned its solar glass manufacturing facility in January 2010. Amidst the global energy crisis, Borosil Renewables was the major beneficiary. Apart from solar glasses, it has other tailwinds to its business. The stock has given positive returns across durations. It’s yet another example of big returns.