Home / Business and Economy / Solar Boom: Funds Aggressively Invest in Premier Energies
Solar Boom: Funds Aggressively Invest in Premier Energies
1 Jul
Summary
- Mutual funds aggressively bought Premier Energies stock in May 2026.
- Premier Energies is a leading clean energy provider focused on solar.
- Company is expanding capacities in solar cells, modules, and BESS.
In May 2026, a significant number of mutual funds, including Quant and Motilal Oswal, substantially increased their holdings in Premier Energies Limited. This aggressive buying occurred even as promoters divested some of their stake.
Premier Energies is a key player in India's clean energy sector, specializing in solar modules and cells. It is one of the first Indian manufacturers of TOPCon Solar cells and holds a near-monopoly in solar cell exports to the US.
The company is capitalizing on India's strong shift towards renewable energy, particularly solar power. With the industry experiencing rapid capacity additions and projected demand for solar modules and Battery Energy Storage Systems (BESS), Premier Energies is well-positioned.
Premier Energies is undertaking significant capacity expansions across its product lines. This includes new facilities for solar modules, cells, ingots, wafers, BESS products, transformers via its acquisition of Transcon Ind Limited, and inverters, aiming to meet future market needs.
The company's robust order book, standing at ₹14,010 crore as of March 31, 2026, and a 61.1% year-on-year profit growth in FY26, further underscore its financial strength. These factors, coupled with strong industry tailwinds and strategic expansion, likely fueled mutual fund confidence.
