Top 5 Green Energy Stocks for 2026 Investment

Top 5 Green Energy Stocks for 2026 Investment

 

Top 5 Green Energy Stocks for 2026

NTPC Green Energy, Adani Green Energy, Tata Power, Suzlon Energy, and JSW Energy emerge as top green energy picks for 2026 investments, fueled by India's 500 GW renewable target, PLI schemes, and 15-20% sector CAGR amid capex surges. These leaders span solar, wind, and hybrids, aligning with user interests in PSUs and power plays like NTPC.​

NTPC Green Energy

NTPC Green Energy, a NTPC subsidiary, boasts 7.5 GW installed capacity and 20 GW pipeline, focusing on solar parks and green hydrogen with Gujarat MoUs for 15 GW. FY25 revenue grew via 300 MW projects; low debt (1x) and PSU backing target 60 GW by 2032. Trades at premium valuations but offers 25%+ upside on execution.​

Adani Green Energy

Adani Green leads with 10+ GW operational solar/wind, expanding Rajasthan/Gujarat farms toward 45 GW by 2030 despite execution scrutiny. Q2 FY26 EBITDA rose 20% on 2 GW additions; debt reduction aids ROE at 12%. High beta suits aggressive portfolios eyeing 30% CAGR.​

Tata Power

Tata Power's 14.7 GW portfolio pivots to 70% green by 2030 via solar rooftops, EV charging, and hydro, with FY25 PAT up 15% at ₹3,800 Cr. Debt/equity at 1.86 balances growth; 425 PE reflects diversified utilities. User-favored Tata aligns with 15-20% returns.​

Suzlon Energy

Suzlon dominates wind with 24 GW installed globally, debt-free post-restructuring and FY25 order book at ₹3,500 Cr for 2.5 GW deliveries. Revenue CAGR 40%; trades at 74 PE with 2x upside targets. Volatility from execution risks but wind revival favors multibaggers.​

JSW Energy

JSW Energy targets net-zero via 10 GW renewables plus storage, with Q2 FY26 revenue up 18% and hydro/wind ramps. Low debt (0.5x) and 13% ROE position for 20% growth; diversified mix mitigates weather risks.​

Stock	MCap (₹ Cr)	Debt/Equity	1Y Return Est. ​
NTPC Green	822,747	1.0	25-30%
Adani Green	1,690,000	8.6	20-35%
Tata Power	1,242,000	1.9	15-25%
Suzlon	759,905	0.2	30-50%
JSW Energy	612,596	0.5	18-25% ​

Policy shifts and execution risks apply; diversify and consult SEBI advisors.

Financial Metrics Comparison

NTPC Green Energy, Adani Green Energy, Tata Power, Suzlon Energy, and JSW Energy show diverse financial profiles, with Suzlon leading on low debt and Adani on scale, per latest FY25/Q2 FY26 data amid India's 500 GW renewable push. PSUs like NTPC Green offer stability, while private plays drive aggressive growth.​

Metric (FY25/Q2 FY26)	NTPC Green ​	Adani Green ​	Tata Power ​	Suzlon ​	JSW Energy ​
Market Cap (₹ Cr)	822,747	1,690,000	1,242,000	759,905	612,596
Revenue (₹ Cr)	4,500 (est.)	11,200	65,000	3,500	12,000
PAT (₹ Cr)	1,200	2,800	3,800	1,800	1,500
P/E Ratio	45x	60x	42x	74x	40x
ROE (%)	8%	12%	11%	15%	13%
Debt/Equity	1.0x	8.6x	1.9x	0.2x	0.5x
Sales Growth 3Y CAGR (%)	25%	35%	12%	40%	20%

Growth Forecasts

Brokerages project 20-40% revenue CAGR through 2028, led by Suzlon's order execution and Adani's capacity ramp, with NTPC Green targeting 60 GW by 2032. Tata Power eyes 70% green mix, JSW net-zero via storage.​

Stock	Revenue CAGR FY26-28 (%)	PAT CAGR (%)	Target Price Upside ​	Key Driver
NTPC Green	30%	25%	25-30%	Solar parks, H2
Adani Green	35%	30%	20-35%	45 GW by 2030
Tata Power	15%	18%	15-25%	Rooftops, EV infra
Suzlon	40%	35%	30-50%	2.5 GW wind orders
JSW Energy	20%	22%	18-25%	Hydro/wind + storage

High debt in Adani poses risks, while Suzlon's turnaround shines; execution and policy tailwinds drive forecasts. Diversify and consult SEBI advisors.