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Top Renewable Energy Equipment Stocks in India (2026)

India’s renewable energy buildout is creating demand for equipment used across solar, wind, battery storage, transmission, and grid infrastructure. As of 2026, India’s solar installed capacity stood at 157.05 GW and wind capacity at 56.81 GW, while the country continues to target 500 GW of non-fossil fuel capacity by 2030. This makes renewable energy equipment stocks closely linked to demand for solar modules, wind components, inverters, transformers, cables, batteries, and power electronics.

List of Renewable Energy Equipment Stocks in India (2026)

Renewable Energy Equipment & Services Stock Screener

Renewable Energy Equipment & Services Stock Screener: Analyse & Filter Indian Stocks on Tickertape

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NameStocks (25)↓↓Sub-SectorSub-Sector↓↓Market CapMarket Cap↓↓Close PriceClose Price↓↓PE RatioPE Ratio↓↓1D Return1D Return↓↓1M Return1M Return↓↓6M Return6M Return↓↓1Y Return1Y Return↓↓PB RatioPB Ratio↓↓Return on EquityReturn on Equity↓↓ROCEROCE↓↓Dividend YieldDiv Yield↓↓Debt to EquityDebt to Equity↓↓Volatility vs NiftyVolatility vs Nifty↓
1.Waaree Energies LtdWAAREEENERRenewable Energy Equipment & ServicesRenewable Energy Equipment & Services77,038.7877,038.782,625.002,625.0020.7620.763.023.02-2.81-2.81-2.15-2.15-29.81-29.818.038.0327.1727.1748.8348.830.070.070.120.122.522.52
2.Suzlon Energy LimitedSUZLONRenewable Energy Equipment & ServicesRenewable Energy Equipment & Services64,205.8764,205.8744.1244.1220.3020.30-0.23-0.23-7.29-7.296.016.01-22.51-22.516.786.7840.6440.6427.0027.00--0.060.062.242.24
3.Emmvee Photovoltaic Power LtdEMMVEERenewable Energy Equipment & ServicesRenewable Energy Equipment & Services22,431.9822,431.98346.00346.0020.7420.740.980.986.796.7967.6667.6657.7057.7041.7941.79104.60104.6058.2058.200.260.263.853.853.713.71
4.Azad Engineering LtdAZADRenewable Energy Equipment & ServicesRenewable Energy Equipment & Services18,327.0118,327.012,849.102,849.10137.92137.922.732.7312.4712.4776.7976.7976.2476.2413.1613.168.578.5713.3813.38--0.190.192.912.91
5.Fujiyama Power Systems LtdUTLSOLARRenewable Energy Equipment & ServicesRenewable Energy Equipment & Services14,651.4914,651.49447.80447.8048.1848.181.481.4811.6211.62137.93137.93114.83114.8311.5111.5136.4236.4229.6329.63--0.410.413.233.23
6.Vikram Solar LtdVIKRAMSOLRRenewable Energy Equipment & ServicesRenewable Energy Equipment & Services6,277.066,277.06166.86166.8613.3813.380.750.755.615.61-7.40-7.40-54.92-54.921.981.9821.1821.1821.6121.61--0.190.193.183.18
7.Saatvik Green Energy LtdSAATVIKGLRenewable Energy Equipment & ServicesRenewable Energy Equipment & Services5,325.065,325.06395.95395.9514.9014.90-1.52-1.52-5.48-5.4814.0914.09-10.15-10.1515.7715.7793.4293.4296.0696.06--1.491.493.003.00
8.Sterling and Wilson Renewable Energy LtdSWSOLARRenewable Energy Equipment & ServicesRenewable Energy Equipment & Services4,487.964,487.96180.22180.22-14.50-14.50-1.33-1.33-11.78-11.780.920.92-32.60-32.606.896.89-37.60-37.60-8.71-8.71--1.831.833.013.01
9.Websol Energy System LtdWEBELSOLARRenewable Energy Equipment & ServicesRenewable Energy Equipment & Services3,594.873,594.8775.8475.8411.8611.860.600.60-16.90-16.9034.5634.56-41.80-41.805.705.7066.6966.6948.2648.260.300.300.210.214.144.14
10.GK Energy LtdGKENERGYRenewable Energy Equipment & ServicesRenewable Energy Equipment & Services2,500.742,500.74127.85127.8512.2412.24-0.12-0.12-4.59-4.5915.6215.62-23.78-23.782.822.8237.2537.2534.8434.840.410.410.230.233.713.71
11.Alpex Solar LtdALPEXSOLARRenewable Energy Equipment & ServicesRenewable Energy Equipment & Services2,083.802,083.80934.20934.2010.3410.343.933.9315.3615.3628.5528.55-30.61-30.619.639.6348.0648.06127.17127.17--0.360.363.703.70
12.Insolation Energy LtdINARenewable Energy Equipment & ServicesRenewable Energy Equipment & Services2,067.622,067.6292.9892.9810.3310.33-0.02-0.02-14.22-14.22-7.21-7.21-52.54-52.543.353.3534.8034.8041.9841.98--0.180.184.164.16
13.Indosolar LtdWAAREEINDORenewable Energy Equipment & ServicesRenewable Energy Equipment & Services1,181.131,181.13251.95251.954.794.79-2.44-2.44-19.66-19.66-25.43-25.43-47.79-47.794.124.12150.63150.6376.2776.27--0.010.013.723.72
14.Urja Global LtdURJARenewable Energy Equipment & ServicesRenewable Energy Equipment & Services491.30491.309.029.02366.64366.640.220.22-6.43-6.430.110.11-35.62-35.622.572.570.700.701.311.31--0.050.052.752.75
15.Sugs Lloyd LtdSUGSLLOYDRenewable Energy Equipment & ServicesRenewable Energy Equipment & Services458.13458.13277.55277.5515.9015.902.872.8757.8757.87206.31206.31144.86144.8611.8611.8655.4755.47113.40113.40--1.941.944.544.54
16.GP Eco Solutions India LtdGPECORenewable Energy Equipment & ServicesRenewable Energy Equipment & Services448.39448.39411.60411.6011.1811.182.672.670.390.3922.5022.50-24.55-24.556.926.9223.6323.6390.2390.23--0.510.513.763.76
17.Zodiac Energy LtdZODIACRenewable Energy Equipment & ServicesRenewable Energy Equipment & Services375.56375.56227.98227.9817.8217.82-1.26-1.26-10.60-10.60-5.62-5.62-42.77-42.773.163.1619.5819.5819.3219.320.300.302.052.053.263.26
18.Empower India LtdEMPOWERRenewable Energy Equipment & ServicesRenewable Energy Equipment & Services264.18264.182.282.2814.6714.674.114.113.643.6475.3875.3878.1278.120.870.871.731.735.945.94--0.070.074.374.37
19.Sahaj Solar LtdSAHAJSOLARRenewable Energy Equipment & ServicesRenewable Energy Equipment & Services238.07238.0793.9593.958.058.051.351.35-13.09-13.09-14.59-14.59-62.92-62.922.172.1738.5638.5642.7442.74--0.520.523.533.53
20.Surana Solar LtdSURANASOLRenewable Energy Equipment & ServicesRenewable Energy Equipment & Services127.20127.2025.5125.51102.58102.58-0.47-0.47-4.42-4.4222.6422.64-27.92-27.922.272.27--3.183.18--0.000.002.852.85
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Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.

Selection criteria: Sub-sector: Renewable Energy Equipment & Services | Market Cap: Sorted from Highest to Lowest

Overview of the Top Renewable Energy Equipment Stocks in India (2026)

Suzlon Energy Ltd

Suzlon Energy is a renewable energy company primarily involved in wind turbine manufacturing and related services. Its operations include wind turbine generators, project execution, operations, and maintenance. Performance is linked to wind energy capacity additions, order inflows, execution timelines, and sector policy support.

Emmvee Photovoltaic Power Ltd

Emmvee Photovoltaic Power manufactures solar photovoltaic modules and solar cells for renewable energy projects. Its business is linked to solar module demand, manufacturing capacity, domestic procurement rules, export opportunities, input costs, and the broader growth of India’s solar energy sector.

Azad Engineering Ltd

Azad Engineering manufactures precision-engineered components for energy, aerospace, defence, and oil and gas sectors. In renewable energy equipment, exposure comes through turbines and energy components supplied to global OEMs, with performance linked to order execution and demand for high-precision manufacturing.

Fujiyama Power Systems Ltd

Fujiyama Power Systems manufactures rooftop solar products and power backup solutions, including solar panels, inverters, batteries, and complete solar systems. Its business is linked to residential and commercial solar adoption, rooftop installations, battery demand, distribution reach, and renewable energy incentives.

How to Invest in Renewable Energy Equipment Stocks?

Investing in Renewable Energy Equipment stocks in India using Tickertape is a straightforward process. Tickertape is a powerful stock analysis and screening tool that helps you make informed investment decisions. Here’s how you can use Tickertape to invest in Renewable Energy Equipment stocks in India:

  1. Sign Up and Log In: You can create an account on the Tickertape or log in if you already have one.
  2. Search for “Renewable Energy Equipment”: Go to Tickertape Stock Screener and set the “Sub-sector: Renewable Energy Equipment” filter
  3. Use Filters: You can apply over 200 filters to get stocks sorted based on criteria like market cap, P/E ratio, or returns. You can create your own custom filter, in case your preferred parameters are not available. This can help you narrow down the top Renewable Energy Equipment stocks in India.
  4. Analyse Stock Data: Tickertape provides comprehensive data on each stock, including financials, performance metrics, future projections, red flags, and more. You can review this data to assess each company’s health and potential in depth.
  5. Add to Watchlist: You may keep track of potential investments by adding them to your watchlist.
  6. Invest Through Your Broker: Once you’ve decided on a stock, you can place a buy order through your brokerage account linked to Tickertape.

You can stay updated with each of your favourite stocks’ alerts and announcements with Tickertape Alerts. Further, you can analyse your overall portfolio and potential red flags in it by connecting it to Tickertape. Check out detailed analysis of your portfolio now!

What are Renewable Energy Equipment Stocks?

Renewable energy equipment stocks are shares of companies that make or supply products used in clean energy projects, such as solar modules, wind turbine parts, inverters, transformers, cables, batteries, and power electronics. In India, these stocks are linked to solar and wind capacity additions, renewable energy targets, grid expansion, battery storage demand, raw material costs, and order flows from power developers.

Advantages of Investing in Renewable Energy Equipment Stocks in India

Large renewable capacity base

India’s solar installed capacity reached 157.05 GW and wind capacity reached 56.81 GW in 2026. This creates demand for solar modules, wind components, inverters, transformers, cables, and grid equipment.

2030 capacity target

India is targeting 500 GW of non-fossil fuel capacity by 2030. This supports long-term demand for renewable energy equipment used in solar, wind, hybrid, storage, and transmission projects.

Domestic solar manufacturing growth

India’s solar PV module manufacturing capacity has crossed 200 GW in 2026, while cell capacity remains lower. This can support companies involved in modules, cells, wafers, glass, backsheets, and related solar equipment.

Grid and storage demand

As solar and wind capacity rise, demand for transformers, power electronics, battery storage, transmission equipment, and grid-balancing systems may increase. Hybrid and storage-linked renewable tenders are becoming more important for a stable power supply.

Risks of Investing in Renewable Energy Equipment Stocks in India

Policy and tender dependence

Renewable energy equipment companies are linked to government tenders, DISCOM procurement, ALMM rules, import duties, incentives, and project timelines. Any policy change or delay can affect order inflows.

Raw material and import risk

Solar modules, wind equipment, batteries, inverters, and power electronics depend on inputs such as polysilicon, wafers, cells, steel, copper, lithium, rare earths, and electronic components. Price volatility can affect margins.

Technology risk

Solar and storage technologies change quickly, including TOPCon, HJT, bifacial modules, advanced inverters, and new battery chemistries. Companies with older capacity may face pricing pressure or lower utilisation.

Execution and working capital risk

Renewable equipment businesses often depend on large project orders, long receivable cycles, inventory planning, and capacity utilisation. Delays in project execution or customer payments can affect cash flows.

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Factors to Consider Before Investing in Renewable Energy Equipment Stocks

Product category exposure

Renewable energy equipment companies may operate across solar modules, cells, wind components, inverters, transformers, cables, batteries, and power electronics. Each product category has different margins, demand cycles, raw material needs, and technology risks.

Order book and customer mix

These companies often depend on orders from renewable power developers, EPC companies, utilities, government agencies, and transmission projects. Order size, execution timelines, customer concentration, and payment cycles can be reviewed.

Policy and incentive dependence

The sector is linked to ALMM rules, import duties, production-linked incentives, renewable purchase obligations, ISTS waiver, domestic manufacturing policies, and tender conditions. Changes in these policies may affect demand and margins.

Raw material and import exposure

Solar, wind, battery, and grid equipment depend on inputs such as polysilicon, wafers, cells, steel, copper, aluminium, lithium, rare earths, and electronic components. Price changes or supply disruptions can affect profitability.

Technology and capacity utilisation

Solar module technologies, battery chemistries, inverters, and grid systems are evolving quickly. Companies with older technology or underutilised capacity may face pricing pressure or lower returns.

Working capital and execution risk

Renewable equipment companies often handle large orders, inventory, receivables, and project-linked payments. Delays in commissioning, customer payments, or capacity ramp-up can affect cash flows.

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Conclusion

Renewable energy equipment stocks in India are connected to the country’s clean energy expansion, domestic manufacturing push, grid upgrades, and storage-led demand. However, the sector also carries risks, including policy changes, raw material price volatility, technological shifts, execution delays, and competition. Investors can use the Tickertape Stock Screener to compare companies based on their financials, order books, product mix, margins, debt levels, valuations, and other relevant metrics before making investment decisions.

Frequently Asked Questions on Renewable Energy Equipment Stocks

  1. What are renewable energy equipment stocks?

    Renewable energy equipment stocks are companies that manufacture equipment used in renewable energy generation, such as solar, wind, and hydroelectric power infrastructure. These companies are often tracked alongside broader renewable energy stocks.

  2. How to invest in Renewable Energy Equipment Stocks?

    Here’s how you can invest in Renewable Energy Equipment Stocks: Go to the Tickertape Stock Screener. In the 'Industrials' sector, select the ‘Renewable Energy Equipment & Services’ sub-sector. Analyse and sort the stocks using over 200+ filters including valuation ratios, financials, technical indicators, and more. Review the filtered list and identify stocks based on your risk appetite, return expectations, and investment goals.

  3. What are some of the top Renewable Energy Equipment Stocks companies listed on NSE?

    Top NSE-listed Renewable Energy Equipment & Services stocks in India based on market capitalisation include: Suzlon Energy Ltd, Waaree Energies Ltd, Azad Engineering Ltd, Sterling and Wilson Renewable Energy Ltd, and Websol Energy System Ltd.

  4. What are the factors affecting Renewable Energy Equipment Stocks prices?

    Policy incentives, renewable energy tariffs, carbon goals, raw material costs, capacity additions, tender activity, and energy transition trends can affect renewable energy equipment stocks. Investors may also compare them with the broader list of renewable energy stocks to understand sector-level movement.

  5. What is the future projection of Renewable Energy Equipment Stocks?

    India’s renewable energy sector aims to achieve 500 GW of non-fossil fuel capacity by 2030, which may support demand for solar modules, wind components, inverters, transformers, cables, batteries, and power electronics.

  6. How to choose Renewable Energy Equipment Stocks for investing?

    Investors can review the project pipeline, order book, product mix, tariff structures, government incentives, raw material exposure, capacity utilisation, margins, debt levels, and valuation. These filters can help compare companies within renewable energy stocks.

  7. Do Renewable Energy Equipment Stocks offer regular dividends?

    Some renewable energy equipment companies may pay dividends, depending on profitability, cash flows, capital expenditure plans, and company policy. However, many companies may reinvest earnings into expansion, technology upgrades, and working capital.

  8. Is Renewable Energy Equipment Stocks a good investment for the long term?

    Renewable energy equipment stocks may offer exposure to India’s clean energy transition, capacity additions, and domestic manufacturing push. However, suitability depends on company fundamentals, valuations, sector risks, and investor goals.

Disclaimer: This article is for informational purposes only. The content of the article including securities/investment products mentioned if any, should not in any manner be construed as an investment advice, recommendation, offer, solicitation to buy/hold/sell any securities/investment products. The securities quoted if any, are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered financial advisor before investing.