Whalesbook
Geojit Investments ka kehna hai ki India ka renewable energy sector ekdum zabardast phase mein hai. Saare investor is sector par nazar rakh rahe hain kyunki electricity ki demand lagaatar badh rahi hai, government bhi environment-friendly goals pura karne mein lagi hai, aur 2030 tak 500 GW non-fossil fuel capacity banane ka bada target hai. Is favourable policy backdrop ko dekh kar brokerage ne Waaree Energies aur Premier Energies dono par 'Buy' recommendation di hai.
Waaree Energies, jo India ki sabse badi solar module maker hai, apni 'Waaree 2.0' strategy par focus kar rahi hai. Isme woh polysilicon se modules tak backwards integrate kar rahe hain aur saath hi battery storage aur green hydrogen jaise naye fields mein bhi enter kar rahe hain. Ye diversification unko module oversupply ke risks se bachayega. Is khabar ke baad Waaree ka stock 2.93% badh kar ₹3,177 par pahunch gaya, aur Geojit ne iska target ₹3,650 rakha hai.
Premier Energies ko bhi ek fast-growing integrated manufacturer mana ja raha hai. Ye bhi apni cell aur module production badha rahe hain aur inverters, transformers, aur battery storage mein bhi utar rahe hain. India ki zabardast domestic demand aur ALMM (Approved List of Models and Manufacturers) jaisi government policies se unkoafi support mil raha hai. Premier ka share bhi 2.60% badh kar ₹912 par pahunch gaya, jiske liye Geojit ne ₹1,066 ka target set kiya hai.
Valuation ki baat karein toh Waaree Energies ka trailing 12-month P/E lagbhag 26.1x hai aur market cap ₹91,389 crore ke aas paas hai. Premier Energies ka P/E thoda zyada, 30.3x hai aur market cap ₹40,287 crore hai, jisse lagta hai ki Premier apne current earnings ke hisaab se thoda mehenga hai. Kai analysts bhi Geojit ke positive view se agree karte hain; Waaree par 11 analysts ne 'Buy' kaha hai jiska average target ₹3,422.73 hai. Premier par 15 analysts ne 'Buy' kaha hai jiska average target ₹965.33 hai. Lekin haan, kuch purani reports mein sell ya hold rating bhi rahi hain. Pichhle ek saal mein Waaree ne 27% tak ka return diya hai, jabki Premier ka stock 6% gir gaya tha.
Par yahan kuch risks bhi hain jo samajhna zaroori hai. Companies ke ambitious plans ko execute karna bilkul bhi aasan nahi hoga aur ismein bada investment lagega. Premier ki higher valuation ke chalte delays ya extra costs ka risk ho sakta hai. Jab ALMM jaise rules aate hain, jaise ki June 2028 se solar ingots aur wafers ke liye, agar local prices import se zyada rahe toh manufacturers ka cost badh sakta hai. India mein grid infrastructure, transmission limits, aur power curtailment jaise issues bhi hain. Aur global supply chains mein critical minerals jaise lithium aur cobalt par nirbharta political risks aur price volatility la sakti hai. Premier ke stock mein pichhle saal hui kami shayad market ko yahi bata rahi hai ki woh in challenges ko kaise manage kar payega.
Overall, Geojit ko India ke renewable sector par long-term growth ka strong outlook dikh raha hai, aur Waaree aur Premier dono hi iska fayda utha sakte hain. Policy support aur technology mein progress se growth ki ummeed hai. Lekin companies ki success finally unke plans ko execute karne, regulations ko navigate karne, aur global supply chain ke issues ko manage karne par depend karegi.