The domestic brokerage firm Anand Rathi Research initiated coverage on key renewable energy sector stocks. The brokerage house focused on the solar Panel Voltaic (PV) manufacturing value chain, calling this segment the ‘Wafers to Watts’ plays. Premier Energies and Waaree Energies are their top picks in this segment.

Government push supporting renewable power plays

They feel the Ministry of New and Renewable Energy’s (MNRE) goal to reach 500GW of renewable capacity by 2030 also offers a major push to the segment. The brokerage firm stated that solar energy’s Levelised Cost of Energy (LCoE) is now highly competitive (Rs 2.5–2.9/kWh) compared to coal (Rs 5.2–6.2/kWh). Strong governmental policies like the PLI scheme and mandates such as the Domestic Content Requirement (DCR) are

See Full Page