Sterling and Wilson Solar is an end-to-end solar engineering, procurement and construction (EPC) solutions provider. The Company provides EPC services with a focus on project design, engineering and management. It also provide O&M services.
The Solar EPC Division of Sterling and Wilson Private Limited, Sterling and Wilson Solar Limited commenced operations in 2011 and was subsequently demerged in 2017. This division was formed to tap into the growing renewable energy market. We are now the leading solar EPC solutions provider in the world, with a presence across 24 countries.
An impressive portfolio of 257 solar power projects with an aggregate capacity of 11.4 GWp across geographies has positioned Sterling and Wilson Solar Limited as the leading solar EPC solutions provider in the world.
SWSOLAR is the largest solar panelmaker of the world after China.
In the month of September, it has recently won on order for SWSL wins Rs 1,500 cr waste-to-energy project. The facility will process 23.2 tonnes of non-recyclable solid municipal waste per hour, diverting over 1,85,600 tonnes of waste each year.
On 11th October, RIL buys 40% stake in Sterling & Wilson Solar for Rs 2,850 crore.
With the increasing stress on climate change by various countries & the rising trends of renewable energy, SWSOLAR could potentially turn out to be a multibagger of the future provided, the company grows on a good annual CAGR.
My View :
SWSOLAR is definately a BUY from a long term horizon view point. One can start adding here & add more on dips.
Technical View : After hitting a 52W High of 509, the stock is currently consolidating at its 21dema any dip towards the zone of 375-380 (55dema) is a good zone for accumulation.
Targets – 543 / 667 / 745
Disclaimer : The view mentioned abouve is purely for educational purpose. I am not a SEBI registered advisor.