Adani Green Energy Ltd stock performance has been quite volatile, but has shown impressive growth over the long term.
Adani Green Energy Ltd. Stock Recent Performance: (NSE: ADANIGREEN)
As of Aug 26, 2024: The stock was trading at 1883.95 INR, down 0.90% from its last closing price of Rs 1900.90
- Over the past week: Up 3.82%
- Over the past month: Up 10.50%
- Over the past 3 months: Down 1.34%
Long-Term Growth Performance: Adani Green’s remarkable growth in past year
- Past 6 Months: Significant down of 4.40%.
- Past Year: Remarkable increase of 93.20%.
- Past 5 Years: Substantial growth of 3,959.91%.
- Past All Time Max at Impressive growth of 6,297.28%.
Other Factors:
- Financial Performance: The company has shown strong revenue growth but has been facing challenges in profitability and cash flow.
- Valuation: The stock is trading at a high price-to-book ratio, indicating that investors have high expectations for future growth.
- Market Sentiment: The stock has been impacted by broader market trends and investor sentiment towards the renewable energy sector.
Adani Green Energy Ltd Stock Price Analysts forecasts
Analyst forecasts for Adani Green Energy Ltd stock price vary, most analysts predict a drop in Adani Green Energy stock price over the next 12 months. There are mixed signals in the market, with some positive and negative trends.
- Positive: Foreign Institutions and Mutual Funds have increased their holdings in the March 2024 quarter. Revenue has also been up for the last 4 quarters.
- Negative: Net profit has been down for the last 3 quarters, and Retail Investors have decreased their holdings in the March 2024 quarter.
Overall: The majority of analysts predict a decrease in Adani Green Energy Ltd. stock price in the next 12 months. However, the long-term outlook may be more positive due to the growing demand for renewable energy. It’s essential to stay informed about the company’s financial performance, market trends, and expert opinions to make informed investment choices.
Adani Green Energy stock has showed strong potential for growth, but it’s important to consider its financial performance, valuation, and market sentiment before making any investment decisions.
Disclaimer: Stock market predictions are inherently uncertain. It’s essential to conduct thorough research and consult a financial advisor before making any investment decisions. This article is only for information and educational purpose, its not an advice of any king.
About Adani Green Energy Ltd
Adani Green Energy Limited (AGEL) is an Indian renewable energy company headquartered in Ahmedabad, Gujarat. It is the largest renewable energy company in India and one of the largest in the world. AGEL develops, builds, owns, operates, and maintains utility-scale grid-connected solar and wind power projects.
The company has a project portfolio of over 20 GW, of which 8.2 GW is operational. AGEL’s projects are located in 11 states in India, including Gujarat, Rajasthan, Maharashtra, Karnataka, Tamil Nadu, Andhra Pradesh, Telangana, Uttar Pradesh, Madhya Pradesh, Chhattisgarh, and Punjab.
Adani Green Energy Limited (AGEL) solar plant
AGEL is committed to providing clean and affordable energy to India. The company has set a target of 45 GW of renewable energy capacity by 2030. AGEL is also working on developing new technologies to make renewable energy more efficient and affordable.
Some of the key projects of AGEL include:
- Kamuthi Solar Power Project: This is the world’s largest solar power plant at a single location with a capacity of 648 MW.
The Kamuthi Solar Power Project is a 648 MW solar photovoltaic (PV) power station in Kamuthi, Ramanathapuram district, Tamil Nadu, India. It is spread over an area of 2,500 acres and was commissioned by Adani Power. With a generating capacity of 648 MWp at a single location, it is currently the 12th largest solar park in the world based on capacity.
The project features over 2.5 million individual solar PV modules and supplies energy to approximately 265,000 homes. It was completed within a record eight months and became fully operational in September 2016.
The Kamuthi Solar Power Project is a significant milestone in India’s renewable energy journey and showcases the country’s commitment to clean energy sources.
648 MW, Kamuthi, Tamil Nadu
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- Mundra Solar Park: This is India’s largest solar park with a capacity of 5 GW.
- Jaisalmer Wind-Solar Hybrid Power Plant: This is the world’s largest wind-solar hybrid power plant with a capacity of 2.14 GW.
AGEL is a leading player in the Indian renewable energy sector. The company is well-positioned to benefit from the growing demand for renewable energy in India. AGEL is committed to playing a leading role in India’s transition to a clean energy future.
Adani Group’s Other Major Solar Project:
Bhadla Solar Park: Adani Renewable Energy Park Rajasthan Ltd (AREPRL) Solar Parks at Fatehgarh, Jaisalmer
Adani Renewable Energy Park Rajasthan Ltd (AREPRL) is a 50:50 Joint Venture Company (JVC) incorporated by Adani Renewable Energy Park Ltd (AREPL) and Rajasthan Renewable Energy Corporation Ltd (RRECL), Government of Rajasthan, under the Companies Act, 2013. The JVC has been formed under the provisions of the MNRE Scheme for development of solar parks and UMPPs 2014, wherein both the parties hold equal shareholding.
Source: AI Data and Research