Now in correction phase, these green energy stocks gave up to 165% return in 3 years

Green energy stocks see long-term growth outlook

Amid tailwinds including ambitious plans, government plans as well as technological advancement, green energy stocks are positioned for positive growth.

Amibitious plan to develop 50% of electricity from non-fossil fuel

The government's ambitious plan will further support the growth of green energy companies in India.

Revenue boosts amid increased demand

Enhanced revenue earnings visibility from increased demand for green energy solutions as well as export-led demand.

Green energy- High growth sector

This is among the sunrise sectors that have high growth.

NTPC

NTPC is a multibagger stock which has delivered 130 per cent in the last 3 years, and on a 1-year basis has given a negative return of over 7 per cent.

KPI Green Energy

This is another multibagger stock, after having delivered 165 per cent in the last 3 years- has shown correction by over 18 per cent in the last one year.

NHPC

After delivering 165 per cent return in the last 3 years, the stock has corrected by as much as 18 per cent in the last one year.

Sterling and Wilson Renewable Energy

This stock has dropped by over 64 per cent in the last one year.

Borosil Renewable

After a negative return of 12 per cent in the last 3 years, the stock has gained 9 per cent in the last one year.

Conclusion

Even as the sector offers immense potential, the sector also faces regulatory risks such as the impact of policy changes etc. So, investors should take note of the valuations of the stocks with respect to the current earnings and conduct their own due diligence.