Best Renewable Energy Penny Stocks
As of June 2025, India’s total installed power capacity reached 476 GW, with non-fossil fuel sources accounting for 235.7 GW, about 49% of the total. This includes 226.9 GW from renewable energy and 8.8 GW from nuclear power, reflecting the country’s accelerated shift towards cleaner energy generation. Against this backdrop, renewable energy penny stocks offer a way to gain exposure to a sector that is growing steadily and playing an increasingly important role in India’s long-term energy goals.
Renewable Energy Penny Stocks
Friday, 22 August, 2025
| symbol | Company | ticker | slug | Sector | Market Price | 52W High | 52W Low | Market Cap (Cr.) | PE Ratio | Industry PE | PB Ratio | Div. Yield (%) | ROE (%) | 1YReturns | 3YReturns | 5YReturns | Market Cap Label | Industry Group | Industry | Sub Industry | percentageChange |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| INWI | Indowind Energy Ltd | INDOWIND | /stocks/indowind-energy-INWI | Renewable Energy | 18.05 | 28.07 | 14.16 | 232.49 | 184.51 | 21.36 | 0.98 | 0.00 | 3.11 | -31.08 | 39.25 | 506.87 | Smallcap | Utilities | Independent Power and Renewable Electricity Producers | Renewable Electricity | -0.28 |
| JAPR | Jaiprakash Power Ventures Ltd | JPPOWER | /stocks/jaiprakash-power-ventures-JAPR | Renewable Energy | 19.07 | 27.70 | 12.36 | 13,069.55 | 16.06 | 21.36 | 1.06 | 0.00 | 6.84 | 1.54 | 149.28 | 569.12 | Smallcap | Utilities | Independent Power and Renewable Electricity Producers | Independent Power Producers & Energy Traders | -1.05 |
| NHPC | NHPC Ltd | NHPC | /stocks/nhpc-NHPC | Renewable Energy | 81.83 | 100.50 | 71.00 | 82,198.52 | 27.34 | 21.36 | 1.82 | 2.33 | 6.75 | -14.71 | 141.03 | 251.96 | Midcap | Utilities | Independent Power and Renewable Electricity Producers | Renewable Electricity | -1.37 |
| ORIN | Orient Green Power Company Ltd | GREENPOWER | /stocks/orient-green-power-company-ORIN | Renewable Energy | 14.43 | 23.43 | 10.96 | 1,692.68 | 43.61 | 21.36 | 1.58 | 0.00 | 4.19 | -37.53 | 84.05 | 706.31 | Smallcap | Utilities | Independent Power and Renewable Electricity Producers | Renewable Electricity | -1.18 |
| SJVN | SJVN Ltd | SJVN | /stocks/sjvn-SJVN | Renewable Energy | 97.35 | 140.00 | 80.54 | 38,256.56 | 46.67 | 21.36 | 2.72 | 1.50 | 6.53 | -28.69 | 245.21 | 291.75 | Midcap | Utilities | Independent Power and Renewable Electricity Producers | Electric Utilities | 2.25 |
| SMART | Smarten Power Systems Ltd | SMARTEN | /stocks/smarten-power-systems-SMART | Renewable Energy Equipment & Services | 95.55 | 157.95 | 94.10 | 181.55 | 14.22 | 38.67 | 4.71 | 0.00 | 39.71 | -36.81 | -36.81 | -36.81 | Smallcap | Capital Goods | Semiconductors & Semiconductor Equipment | Electrical Components & Equipment | 6.86 |
| SUPR | Aerpace Industries Ltd | AERPACE | /stocks/supremex-shine-steels-SUPR | Renewable Energy | 22.78 | 60.00 | 19.33 | 350.49 | -53.27 | 21.36 | 6.82 | 0.00 | -19.45 | -42.68 | 1,840.02 | 4,159.13 | Smallcap | Capital Goods | Independent Power and Renewable Electricity Producers | Trading Companies & Distributors | 4.96 |
| SURN | Surana Solar Ltd | SURANASOL | /stocks/surana-solar-SURN | Renewable Energy Equipment & Services | 31.76 | 65.38 | 27.02 | 156.28 | -2,232.57 | 38.67 | 2.78 | 0.00 | -2.22 | -15.49 | 39.60 | 323.47 | Smallcap | Semiconductors & Semiconductor Equipment | Semiconductors & Semiconductor Equipment | Semiconductors | -0.50 |
| URJA | Urja Global Ltd | URJA | /stocks/urja-global-URJA | Renewable Energy Equipment & Services | 13.83 | 25.45 | 10.87 | 726.70 | 572.21 | 38.67 | 3.86 | 0.00 | 1.10 | -41.12 | 10.64 | 368.81 | Smallcap | Semiconductors & Semiconductor Equipment | Semiconductors & Semiconductor Equipment | Semiconductors | -1.66 |
Disclaimer: Please note that the above list of renewable energy penny stocks is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.
Note: The data on this renewable energy penny stocks list is dynamic in nature and subject to real-time changes. This data is derived from Tickertape Stock Screener on 14th August 2025 using the following parameters:
- Sector Filter: Companies related to the renewable energy sector
- Price Threshold: Stocks priced below ₹100 per share.
- Sorting Basis: Companies are sorted by Market Capitalisation (highest to lowest).
Readymade Portfolios in the Renewable Energy Sector
The MMG Green Energy & EV smallcase, managed by Money Guru, includes stocks from the EV and green energy sector.
The Green Energy Theme smallcase is managed by Niveshaay and is a portfolio of stocks that will benefit from energy transition from fossil fuel-based sources to renewable sources.
- Disclosure for MMG Green Energy & EV smallcase
- Disclosure for Green Energy smallcase
What are Renewable Energy Penny Stocks?
Renewable energy penny stocks are low-priced shares of companies engaged in the clean energy space, covering solar, wind, hydro, biomass, or energy storage. These penny stocks can range from early-stage ventures developing new technologies to established niche players in the renewable energy sector.
Overview of the Renewable Energy Penny Stocks
- Suzlon Energy Ltd: Suzlon Energy is a leading Indian wind turbine manufacturer and renewable solutions provider. It operates across wind farm development, turbine manufacturing, and maintenance services, with a presence in multiple states and a growing international footprint in clean energy markets.
- NHPC Ltd: NHPC is India’s largest hydropower producer, operating hydroelectric stations nationwide. It is diversifying into solar and wind projects, aligning with the country’s renewable targets. NHPC plays a key role in balancing renewable integration into India’s power grid.
- SJVN Ltd: SJVN operates hydroelectric, wind, and solar projects across India and abroad. The company is expanding its renewable portfolio significantly under government clean energy programmes, targeting multi-gigawatt capacity additions across diverse geographies.
- Jaiprakash Power Ventures Ltd: Jaiprakash Power Ventures runs thermal and hydropower plants and is steadily increasing its renewable capacity. The company’s focus includes hydro-based generation and potential diversification into solar and hybrid power projects to strengthen its clean energy share.
- Orient Green Power Company Ltd: Orient Green Power specialises in renewable electricity generation, primarily through wind energy projects. Operating across multiple Indian states, the company focuses on sustainable power solutions and aims to grow its capacity through new wind and biomass initiatives.
Budget Updates in the Renewable Energy Sector in India
- NTPC Green Energy Investment Cap: The Union Cabinet raised NTPC Ltd’s investment limit for its green energy subsidiaries from ₹7,500 cr. to ₹20,000 cr. to accelerate its target of achieving 60 GW renewable capacity by 2032.
- Flagship Renewable Energy Outlay: The Indian Cabinet has approved three major initiatives with a combined annual outlay exceeding ₹50,000 cr. aimed at transforming agriculture and bolstering renewable energy investments.
- Battery Energy Storage Support: The Ministry of Power launched a Viability Gap Funding scheme that provides ₹5,400 cr. to support the development of 30 GWh in Battery Energy Storage Systems (BESS) nationwide.
How to Invest in Renewable Energy Penny Stocks?
Here is how one can invest in the best renewable energy penny stocks in India:
- Open a demat/trading/stockbroker account. You can open a demat account with smallcase!
- Conduct thorough research into the renewable energy penny stocks in India that are of interest to you. Investors can use tools like the Tickertape Stock Screener to do this. The screener offers 200+ built-in filters to choose from, and investors can choose the parameters to research.
- Place a ‘Buy’ Order on the renewable energy penny stocks in India of your choosing.
Benefits of Investing in Renewable Energy Penny Stocks
- Alignment with Sector Expansion: India aims to achieve 500 GW of renewable capacity by 2030, with significant ongoing investments in solar, wind, and other green technologies. It will help the companies operating in these sectors to receive strong infrastructure and policy support.
- Role in Energy Security: Renewable energy supports diversified and local power generation, which reduces reliance on imported fuels. For example, under PM-KUSUM, India installed 7.70 lakh solar pumps and solarised 3.39 lakh grid-connected pumps, which reduced diesel use in agriculture and improved daytime supply.
- Lower Barrier to Entry: Renewable energy penny stocks trade at low prices, making it possible for investors to take part in the renewable energy sector without committing large amounts of capital.
- Growing Demand for Sustainable Energy Solutions: There is a growing global demand for environmentally friendly energy solutions, supported by national regulations. For instance, the Energy Conservation (Amendment) Act 2022 introduced a carbon credit trading framework and set renewable purchase obligations to encourage the adoption of clean power projects.
Risks of Investing in Renewable Energy Penny Stocks
- Limited Access to Capital: Even small renewable projects demand substantial upfront investment. For instance, setting up a 1 MW solar plant in India typically costs between ₹4 cr. and ₹6 cr. depending on the configuration and components. Such capital needs may be a concern for small companies.
- Price Volatility: Low market capitalisation and limited trading volumes may lead to sharp price changes. Even small shifts in trading activity or news can move share prices.
- Project Development Delays: Renewable projects can face delays from land acquisition issues, approval processes, or equipment supply gaps. These factors can change project timelines and delivery schedules.
- Competition from Larger Companies: Well-funded companies can compete strongly for contracts and market share. This can influence the scope of opportunities available to smaller firms in the renewable energy sector.
Factors to Consider Before Investing in Renewable Energy Penny Stocks
- Company’s Core Business Focus: There are various types of companies in renewable energy, such as solar, wind, or hydro. It is important to understand the operations in each segment as each segment has different cost structures, supply needs, and demand patterns.
- Financial Health and Capital Structure: Debt levels, cash reserves, and overall balance sheet strength affect a company’s ability to fund projects. In the renewable energy sector, where setup costs are high, stable finances become very important to fund ongoing operations.
- Policy and Regulatory Environment: Renewable energy companies operate within set policy frameworks. Tariffs, subsidies, and renewable purchase obligations influence the market.
- Track Record in Project Delivery: A history of completing projects on schedule and within budget can indicate operational reliability. Frequent delays or cost overruns may affect the company’s ability to secure new work.
To Wrap It Up…
Renewable energy penny stocks combine the characteristics of a growing clean power sector with the price behaviour of low-cost equities. The sector covers solar, wind, hydro, and biomass projects that form part of India’s move towards cleaner electricity. However, they also face several challenges that can affect their growth. So, before investing in clean energy penny stocks, one should conduct deep research or consult a financial advisor to understand the company’s place in India’s renewable energy industry.
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Frequently Asked Questions About Green Energy Stocks
1. What are renewable energy penny stocks?
These are low-priced shares of companies that work in clean energy areas such as solar, wind, hydro, or biomass. They usually have smaller market values than larger renewable energy companies.
2. How to identify penny stocks in renewable energy?
Penny stocks in the renewable energy sector are identified by their low share price, typically under ₹100 and smaller market capitalisation, with business operations linked to clean power generation or supporting technologies. You can use Tickertape Stock Screener to find these companies and also compare them based on various metrics.
3. What are solar energy penny stocks?
Solar power penny stocks are shares of companies with a low market price, often trading below ₹100 per share. These companies are involved in making solar panels, building solar projects, or offering solar installation and related services.
4. What are the best penny stocks in renewable energy?
As of 12th August, some of the best penny stocks in renewable energy, as per Market capitalisation, include:
- Suzlon Energy Ltd
- NHPC Ltd
- SJVN Ltd
- Jaiprakash Power Ventures Ltd
- Orient Green Power Company Ltd
5. Who should invest in clean energy penny stocks?
Clean energy penny stocks are part of the broader renewable energy market. Investors who want to invest in India’s renewable energy sector may find these stocks appealing.
Explore the Popular Stock Collections:
Thematic Stocks:
Keep yourself informed and up-to-date on a variety of thematic sectors by reading the articles below:
Indices and Market Movers:
Stocks Under Budget:
If you are looking for stocks under a particular price range, here’s the collection of stocks under a specifc budget:
