Solex Share Price Target Tomorrow 2024 To 2030- Prediction, Market Overview

Solex Energy Ltd is an Indian company focused on renewable energy, particularly solar power solutions. Established in 2014, the company manufactures solar photovoltaic (PV) modules, providing solar power systems for residential, commercial, and industrial use. Solex Energy is known for its quality products and commitment to sustainability, helping drive India’s shift toward cleaner energy. Solex Share Price on NSE as of 3 October 2024 is 1661.80 INR. Here will provide you more details on Solex Share Price Target 2024, 2025, 2026 to 2030.

Solex Energy Ltd: Market Overview

• Open Price: ₹1,714.95
• High Price: ₹1,717.10
• Low Price: ₹1,580.00
• Previous Close: ₹1,561.00
• Volume: 126,000
• Value (Lacs): ₹2,093.87
• VWAP: 1,691.48
• UC Limit: ₹1,717.10
• LC Limit: ₹1,404.90
• 52 Week High: ₹1,717.10
• 52 Week Low: ₹332.00
• Mkt Cap: ₹1,795Cr
• Face Value: ₹10

Solex Energy Ltd Competitors

Here are three competitors of Solex Energy Ltd along with their approximate market capitalizations:

1. Waaree Energies Ltd
   • Market Capital: ₹4,000 crore (estimated)
     Waaree Energies is one of India’s largest solar PV module manufacturers and a major competitor in the solar energy industry.
2. Suzlon Energy Ltd
   • Market Capital: ₹22,000 crore
     While primarily known for wind energy, Suzlon also has a presence in the solar sector, making it a competitor to Solex Energy.

3. Indosolar Ltd

   • Market Capital: ₹100 crore (approximate)
     Indosolar is a leading solar cell manufacturer in India, competing with Solex Energy in the solar panel manufacturing space.

Solex Share Price Chart

Solex Share Price Target Tomorrow 2024 To 2030

Solex Share Price Target 2024

Solex share price target 2024 Expected target could be ₹1740. Here are three key factors that could affect Solex Energy Ltd’s share price growth in 2024:

1. Demand for Solar Energy Solutions: As India and the world push toward cleaner energy, rising demand for solar power and renewable energy products could positively impact Solex’s growth. Government incentives and policies promoting solar adoption can boost the company’s revenues.
2. Technological Advancements: Innovations in solar technology and improved efficiency of solar panels can enhance Solex’s product offerings, making them more competitive, which could lead to increased market share and higher stock prices.

3. Competition and Market Positioning: The level of competition within the solar energy sector, particularly from larger players, will play a crucial role. Solex’s ability to differentiate itself with cost-effective and quality solutions will be a critical factor for sustaining growth in its share price.

Solex Share Price Target 2025

Solex share price target 2025 Expected target could be ₹2750. Here are three key factors that could affect Solex Energy Ltd’s share price growth in 2025:

1. Expansion of Solar Projects: If Solex Energy successfully expands its solar energy projects, both domestically and internationally, it could lead to significant revenue growth. Contracts with governments, industries, or large corporations could boost market confidence and drive the share price upward.
2. Government Policies and Subsidies: Supportive policies, subsidies, and tax incentives for solar energy development in 2025, especially in India, could positively impact Solex’s financials. Any regulatory changes favoring renewable energy will be critical to their share price performance.
3. Cost Efficiency and Profit Margins: Solex’s ability to manage costs effectively and maintain or improve profit margins amid increasing competition and fluctuating raw material prices will be vital. Cost-efficient operations could lead to better profitability, directly influencing share price growth.

Solex Share Price Target 2030

Solex share price target 2030 Expected target could be ₹8255. Here are three potential risks and challenges that could affect Solex Energy Ltd’s share price target in 2030:

1. Technological Disruptions: Rapid advancements in solar technology could lead to higher efficiency products by competitors. If Solex fails to keep pace with innovation or adopt new technologies, it could lose market share, impacting its long-term growth prospects and share price.
2. Policy and Regulatory Changes: While government support for renewable energy is currently strong, unforeseen changes in policies or reductions in subsidies for solar energy by 2030 could pose significant challenges for the company’s growth and profitability, affecting the share price.

3. Market Competition and Price Pressures: The renewable energy sector is expected to see intense competition by 2030. Price wars, increased competition from global players, and pressure to reduce costs might squeeze Solex’s profit margins, posing a risk to sustained share price growth.

Solex Energy Ltd Shareholding Pattern

• Promoters: 70.66%
• Retail and Others: 29.34%

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