Renewable Energy Stocks Witness Sharp Corrections from 52-Week Highs

India’s renewable energy sector, once among the market’s most sought-after themes, is currently witnessing a notable correction. As per data shared by Sumit Malhotra, several leading renewable energy stocks have dropped significantly from their 52-week highs, reflecting a mix of profit-booking, valuation concerns, and sectoral headwinds.

Here’s how the leading renewable energy counters have performed from their respective peaks:

1. SW Solar: -61%
2. Insolation Energy: -60%
3. Bondada Engineering: -42%
4. Adani Green Energy: -41%
5. Waaree Renewable: -38%
6. KPEL: -37%
7. Websol Energy: -37%
8. NTPC Green Energy: -36%
9. Inox Wind: -34%
10. Suzlon Energy: -29%
11. KPI Green Energy: -25%
12. Vikram Solar: -20%
13. Solex Energy: -15%
14. Waaree Energy: -15%
15. Acme Solar: -12%

Despite strong long-term fundamentals and policy support for clean energy, the recent correction signals a cooling-off phase after sharp rallies earlier in the year. Analysts suggest that high valuations, execution challenges, and global renewable price volatility have contributed to the pullback.

However, experts remain optimistic about the sector’s long-term growth, citing India’s ambitious renewable capacity targets and consistent government push toward energy transition.

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