Akshat Shrivastava Solar Stock Suggestions: 3 Top Picks for Solar Sector Growth
In one of his insightful YouTube videos, Akshat Shrivastava, a prominent financial educator, shared his top solar stock suggestions that are showing strong potential for growth. These stocks are perfect for those looking to invest in the booming solar energy sector. Here are the 3 solar sector stocks suggested by Akshat Shrivastava:
1. Waree Renewables
- Key Strengths:
- Increasing net cash flow and positive cash from operating activities.
- Good quarterly growth in recent results.
- Improving return on capital employed (RoCE) and return on assets (ROA) over the last two years, highlighting effective asset management and profitability.
2. Sterling and Wilson Renewables (SW Solar)
- Key Strengths:
- Strong momentum with price moving above short, medium, and long-term moving averages.
- Rising net cash flow and consistent cash from operations.
- Increasing net profit margins (both quarterly and annually) with low debt levels.
- Zero promoter pledge and increasing institutional shareholding reflect investor confidence.
3. Gensol Engineering
- Key Strengths:
- Good quarterly growth and improving annual net profits for the past two years.
- Strong cash-generating ability from core business operations.
- High P/E ratio (above 40) and RSI indicating price weakness, but overall growth potential remains promising.
These stocks reflect Akshat’s focus on companies with improving financials, growth in profitability, and minimal debt, making them solid picks in the solar sector.