Know whose shares can give more profits among the largest solar energy company Waaree Energy and Premier Energy.

Vari Energies Vs. Premier Energies Limited

India’s solar industry is expanding rapidly, driven by its vast solar energy potential, supportive policies, and a rising demand for clean energy solutions. With an installed capacity of about 72 GW for solar module manufacturing and 8.1 GW for solar cell manufacturing expected by 2024, Vari Energies Limited and Premier Energies Limited are standout contributors to this growth.

Learn About the Companies

Vari Energies Limited

Vari Energies is one of India’s largest solar PV module manufacturers, offering a diverse product range that includes multicrystalline, monocrystalline, and specialty modules. The company currently boasts a total capacity of 12.5 GW, holding a 17% market share. Vari is also investing ₹9,049.95 crore to establish a 6 GW manufacturing facility in Odisha, aiming to reduce raw material imports.

Premier Energies Limited

Premier Energies focuses on solar cell and module manufacturing, with a current installed capacity of 2 GW and a significant 25% market share in solar cell production. The company is expanding its solar module capacity from 4 GW to 8 GW, with plans for a 1 GW solar cell manufacturing plant, reflecting its commitment to increasing India’s renewable energy infrastructure.

Which Company Is the Best?

Both companies have P/E ratios exceeding the industry average of 56.2, indicating strong growth expectations in the renewable energy sector. Their substantial investments in manufacturing capabilities are set to bolster India’s renewable energy landscape and decrease reliance on imports.