Solar stock in green after bagging order for the supply of 200MW+ of solar inverters

The company has a market cap of over Rs 300 crore and stock is up by 24 per cent from its 52-week low of Rs 212.20 per share.

GP Eco Solutions India Limited announced it has secured an order for the supply of over 200MW of solar inverters, with execution scheduled for completion by the end of March 2025. This significant order underscores the growing demand for solar inverters and energy storage solutions, demonstrating GP Eco Solutions' commitment to providing high-quality energy solutions and its ability to adapt to the evolving needs of the market.

On Monday, shares of GP Eco Solutions India Ltd surged 4.50 per cent to Rs 263.45 per share from its previous closing of Rs 252.10 per share. The stock’s 52-week high is Rs 470 per share and its 52-week low is Rs 212.20 per share.

GP Eco Solutions India Ltd (GPESL), incorporated in 2010, is an ISO 9001:2015 certified company engaged in the manufacturing and trading of solar plants/panels, electronic equipment, and solar equipment. As an authorized distributor, GPESL partners with major players like Sungrow India (for inverters) and Saatvik Green Energy and LONGi Solar (for panels) in North India. While also providing integrated solar energy solutions, including engineering, procurement, and construction (EPC) services, their primary business focus is the distribution of solar inverters and panels. GPESL also owns the "INVERGY" brand, under which they OEM manufacture hybrid solar inverters and lithium ferro phosphate (LFP) batteries.

The company has a market cap of over Rs 300 crore and stock is up by 24 per cent from its 52-week low of Rs 212.20 per share. Investors should keep an eye on this solar stock.

Disclaimer: The article is for informational purposes only and not investment advice.