WEBSOL ENERGY SYSTEMS 

Websol Energy Systems has witnessed an impressive 1708% increase in its stock price over the last five years.

The stock performed positively in 6 out of the last 10 years, with CY21 leading at a gain of 242%.

Over the last decade, the stock has delivered a staggering return of 5000%.

Websol Energy aligns its mission with the Indian government's goal to generate 300 GW of power from solar PV by 2030 and reduce carbon emissions.

To meet the demand for solar cells and modules, the company is expanding its solar module capacity to 550 MW and solar cells capacity to 2.4 GW.

The adoption of solar energy is increasing in India, especially in residential and commercial sectors, driven by factors like cost savings and market competition.

The recent Union budget proposed assistance for installing rooftop solar systems for 1 crore houses under the "Pradhanmantri Suryodaya Yojana."

India has witnessed a substantial increase in non-fossil fuel capacity, with solar energy installations expanding 24.4 times since 2009.

As of May 2023, India's installed solar capacity reached 66.7 GW, reflecting a significant leap in renewable energy utilization.

Websol Energy's growth is supported by the rising demand for solar power in India, driven by cost-effectiveness and environmental considerations.