897+ MW unexecuted order book: This small-cap multibagger renewable energy stock made international collaboration!
Past month, the stock has experienced a notable increase of 40.42 per cent. Over five years, the stock has demonstrated a multibagger performance of 10,462.67 per cent
Waaree Renewables Technologies Limited stock price jumped more than 6 per cent on Friday following the stock-specific development.
The company has signed a collaboration agreement with 5B Maverick Services PTY Ltd. to accelerate the deployment of utility-grade solar power locally in India as well as internationally. This collaboration was made to develop 5B Maverick solar products to reduce the build cost of solar installations, aiming for an economically competitive price point. The projects are scheduled to commence in the first half of the financial year 2024–25, as per the terms of the order.
DSIJ offers a service 'SEP', which is a unique portfolio of stocks that is best suited to your profile. It aims to help subscribers make informed investment decisions. If this interests you, then do download the service details pdf here
Waaree Renewable Technologies is a leading solar EPC company with a proven track record of success. The company has a pan-India presence and has executed over 4,000 MW of solar projects across the country.
The company's unexecuted order book as of date is 897+ MW, which is a significant increase from 670+ MW as of March 31, 2023. The company successfully executed 264.55+ MWp of solar projects in H1FY24, which is a significant increase from 162.11+ MWp in H1FY23. The company generated Rs 5.15 crore of revenue from O&M (operations and maintenance) services in H1FY24, which is a significant increase from Rs 3.21 crore in H1FY23.
This is a multibagger Small-Cap power generation stock with a market capitalization of Rs 4,009.75 crore, currently trading at Rs 1,925. The company has delivered good profit growth of 261 per cent CAGR over the last 5 years. The stock price has shown a multibagger performance across all time frames.
Over the past month, the stock has experienced a notable increase of 40.42 per cent. This positive momentum has extended over three months, with a gain of 48.46. The stock's performance became even more remarkable over one year, recording a substantial surge of 271.98 per cent. Looking at a three-year horizon, the stock has exhibited an extraordinary gain of 12,540.0 per cent. Over five years, the stock has demonstrated a substantial appreciation of 10,462.67 per cent
Disclaimer: The article is for informational purposes only and not investment advice.