Green Energy Stock in Focus: Sterling and Wilson Renewable Energy
The company provides EPC services for utility-scale solar, floating solar and hybrid & energy storage solutions and has a total portfolio of over ~18 GWp.
June 12, 2024. By Abha Rustagi
As the global economy acknowledges the imperative of addressing climate change and reducing carbon emissions, investors are increasingly turning their attention towards companies that are leading the charge towards renewable energy.
With the shares trading between INR 769 and INR 810.80, today's focus is on Sterling and Wilson Renewable Energy Limited, an end-to-end renewable engineering, procurement, and construction (EPC) solutions provider. The company provides EPC services for utility-scale solar, floating solar and hybrid & energy storage solutions and has a total portfolio of over ~18 GWp (including projects commissioned and under various stages of construction).
Sterling and Wilson Renewable Energy recently announced its annual results for the fiscal year 2023-24 (FY24) and the fourth quarter (Q4 FY24). The company recorded a net profit of INR 1.40 crore for the Q4 ended March 2024, primarily due to an increase in total income.
The Q4 income rose to INR 1,211.40 crore, up from INR 86.36 crore during the same period last year. For the full fiscal year, the company's total income surged to INR 3,120.79 crore from INR 2,125.87 crore in the previous year.
With a market capitalization of INR 18,580 crore and a 52-week trading range that peaked at INR 828.00 and dipped as low as INR 253.00, Sterling and Wilson Renewable Energy's future appears promising. The company is poised for growth, backed by strategic initiatives and operational performance.
For investors eyeing the green energy market, Sterling and Wilson Renewable Energy is certainly worth keeping an eye on.
Stay tuned to Energetica India for more updates on Sterling and Wilson Renewable Energy and other green energy stocks driving the future of sustainable investing.
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