The green energy sector has become an attractive avenue for investors amid increasing environmental concerns, government support, and massive investments. Top conglomerates in this space are expanding assets and capacities to help achieve India’s 2030 target of reaching 500 GW installed capacity.
Foreign Institutional Investors invest in companies after looking at the company’s fundamentals and meeting the management. They have strong research teams for this purpose. Tracking the shareholding patterns of FIIs helps in shortlisting stocks before making one’s investment decisions.
Here are four green energy stocks with high FII holdings:
Adani Green Energy
Adani Green Energy is the holding company of several subsidiaries carrying business of renewable power generation within the group and is primarily involved in renewable power generation and other ancillary activities.
FIIs hold an 18.25% stake in the company. Its shares settled at ₹ 928.65 apiece on Thursday, with a market capitalization of ₹ 1,53,754 crores.
Suzlon Energy
Suzlon Energy manufactures wind turbine generators and related components. FIIs hold a 6.81% stake in the company. Its shares settled at ₹ 24.55 apiece with a market capitalization of ₹ 34,848 crores.
NHPC
NHPC is the Government of India’s flagship hydroelectric generation company. It is involved in the generation and sale of bulk power to various power utilities. Its other business includes providing project management/construction contracts/ consultancy assignment services and trading of power.
FIIs hold a 7.57% stake in the company. Its shares settled at ₹ 50.20 apiece with a market capitalization of ₹ 51,230 crores.
Sterling and Wilson Renewable Energy
Sterling and Wilson Renewable Energy is one of the leading end-to-end solar engineering, procurement and construction (EPC) solutions providers globally and is also engaged in the operation and maintenance (O&M) of solar power projects. The company is backed by the strong parentage of Reliance Industries.
FIIs hold a 4.26% stake in the company. Its shares settled at ₹ 378.30 apiece with a market capitalization of ₹ 7,205 crores.
Written by Simran Bafna
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