power stocks rally: 3 Power Stocks for Your Long-Term Portfolio … The Best Idea for Making Money! – 3 power stock ideas for your long-term portfolio

The concept of ‘gray to green’ is gaining momentum in India as the renewable energy sector is set to quadruple by 2030. India aims to meet 50 per cent of its energy needs from renewable energy by 2030 and reduce its carbon emissions to 45.

In this scenario, popular brokerage firm HDFC Securities has found opportunities for long-term investors to make money in three energy stocks.

NTPC
As part of its transformation into an integrated power company, NTPC, a state-run power generator, seeks to increase its capacity mix in favor of renewables from 3 percent (1.9GW) to 46 percent in FY32. (60.0GW) NTPC is making great strides in transforming itself into a company with a focus on clean coal assets, a large stock of renewables products and ESG parameters.

Borosil Renewables Ltd
Borosil Renewables (BRL)China is the largest non-solar glass manufacturer worldwide. It has a market share of about 35% in India. As India plans to increase its solar power by 6x-7x over FY22-FY30, BRL is well positioned to take advantage of strong growth potential. Moreover, the strong demand is that the company will measure domestic cell and volume production.

Tata Power
Switching to the green segment of Tata Power is gaining strong momentum. Its EV Charging / Solar EPC segment enjoys approximately 40/10% market share. The company has recorded strong 50 per cent YOY revenue growth in its EPC segment in recent quarters and continues to maintain a healthy order book of up to Rs 120-130 billion by winning new orders with strong performance.

As these 3 energy stocks mentioned above have been consistently recording good growth, HDFC Securities has advised investors to keep in their portfolio for a long time and earn returns.