Hello Investors, Welcome to the Best Renewable Energy Stocks for 2024, brought to you by RealStockCertificates.com. In this post, we’ll provide a detailed analysis of the top renewable energy stocks, discussing their future significance and how these shares are expected to perform in 2024, including our price predictions.
Adani Green Energy
Adani Green Energy stands out as one of the best renewable energy stocks for 2024. It is a popular name in the green energy sector, actively involved in renewable energy and its essential components. The company handles the development, construction, operation, and maintenance. Adani Green Energy is actively engaged in solar, wind, and hybrid forms of energy generation. Its presence spans 91 locations in India, making it a noteworthy player in the renewable energy landscape.
Adani Green Energy's Performance Over the Last Year
Adani Green Energy shares have dropped by over 24 percent from December 2022 until now. Given the global emphasis on renewable energy during G20 and other international summits, the company is poised to break its 52-week high in the upcoming years. Notably, in the past month alone, the company’s shares have surged by 60 percent.
| Metric | Value (INR) |
|---|---|
| Today’s Low | 1375 |
| Today’s High | 1459 |
| 52 Weeks Low | 439.10 |
| 52 Weeks High | 2185 |
Adani Green Energy Share Price Target 2024
The Adani Green Energy share price target for 2024 is expected to surpass the 2000 mark by mid-2024, considering the latest trends and positive news. It is anticipated that Adani shares will achieve a new 52-week high.
Tata Power
Tata Power is an Indian company that works in the production or generation of renewable energy, including hydrothermal, solar, and wind. The company is also engaged in the transmission of energy and the production of essential parts for its operations.
Tata Power Performance Over the Last Year
Tata Power has performed very well in the stock market. The company has shown a growth rate of 50.77 percent over the year, and considering the recent trends for the last month, it has exhibited a growth rate of about 28 percent
Tata Power Share Price Target 2024
The target for Tata Power shares in 2024 is expected to reach 503 rupees in the third quarter, and they are anticipated to surpass their 52-week high in January 2024
Adani Power
Adani Power is engaged in the production and generation of energy through thermal power plants and solar energy. The company generates approximately 12,410 megawatts through thermal power generation and 40 megawatts through solar power.
Adani Power Performance Over the Last Year
Adani Power is a long-running and high-return stock. The company has provided a profit of 1011 percent over the last three years, a significant figure. Additionally, in the last month alone, the company has yielded a substantial return of 71 percent
Adani Power Share Price Target 2024
The Adani Power share price target for 2024 is projected to be 890 rupees by the end of December. The prediction is claimed to be 90 percent accurate based on the latest trends, news, and expert analysis
Adani Energy Solutions
Adani Green Solutions is a private utility provider engaged in transmission, trading, and other business activities. The company specializes in transmission line work for the transmission of power.
Adani Energy Solutions Performance Over the Last Year
The company’s share price has decreased by approximately 60 percent. However, considering its recent performance, the company shows significant growth of about 40 percen
Adani Energy Solution Price Target 2024
The share price target for Adani Energy Solutions in 2024 is expected to range between 2000 to 2188 rupees. This anticipation is based on the projected increase in transmission lines in the future, leading to higher demand. Consequently, the company is likely to secure more projects and contracts.
ONGC (Oil And Natural Gas Corporation)
ONGC is an Indian company engaged in the exploration, production, and refining of crude oil and natural gas.
ONGC Performance Over the Last Year
Oil and Natural Gas Corporation (ONGC) has performed well. In the last financial year, the company provided a return of 36.72 percent. Although the share value decreased by 0.07 percent this month, the company is expected to deliver positive returns in the upcoming years.
ONGC Share Price Target 2024
The share price target for ONGC is expected to reach 293 rupees by the end of December 2024. However, the company has even greater potential and is likely to surpass the projected target.
GAIL (Gas Authority Of India Limited)
GAIL is engaged in the production of natural gas, LPG, petrochemicals, etc. The company is also involved in the transmission of natural gas and LPG to cities and other sectors.
GAIL Performance Over The Last Year
GAIL’s performance over the years has shown a rise in stock price, which is approximately 50 percent. In the past month alone, there has been a 16 percent increase in the stock.
GAIL Share Price Target 2024
The share price target for GAIL in December 2024 is expected to range between 206 and 229 rupees.
FAQs:- Best Renewable Energy Stocks for 2024
Q: Which renewable energy stock is the best for 2024?
The best renewable energy stock for 2024 is Adani Green Energy, Tata Power, Adani Power, Adani Energy Solution, ONGC ( Oil and Natural Gas Corporation) and GAIL (Gas Authority of India Limited).
Q: Adani Green Energy Share Price Target 2024?
The share price target for Adani Green Energy in 2024 is expected to be around 1900 rupees.
Q: Why Tata Power Share Falling?
Tata Power’s share is falling because the company’s step-down subsidiary has signed a deal to supply solar PV modules to NTPC.
Q: What is the Full Form of ONGC?
The full form of ONGC is Oil and Natural Gas Corporation. The company is engaged in producing and transmitting natural gas and other crude oil ancillaries.
Q: Why Adani Power Share Price Falling?
Adani Power’s share price is falling due to the withdrawal of its delisting offer. However, this is expected to be a temporary situation, and the share is anticipated to rise again soon.
Conclusion:-
In this article, we cover various aspects such as the best renewable energy stocks for 2024, the field in which the company operates, their performance over the years and months, and their share price predictions. Considering the future, if you are a long-term investor, these shares are expected to provide substantial returns in the upcoming years.