Premier Energies, Waaree Energies, ONGC, Oil India shares could see higher levels in upcoming sessions as markets can recover after US President Donald Trump's announcement of withdrawing from Iran-Israel war. While Trump has been giving conflicting statements, markets are largely expecting US to get out of Iran war soon. Markets can still face higher volatility but overall trend could remain positive in the next 2-3 weeks. It is also possible that markets have already factored in the risks associated with the war. If nothing extreme happens in the next 10-15 days, we could expect markets at higher levels. Select stocks can see buying as high-risk appetite could return back to the markets.

The renewable energy sector in India is entering a decisive phase of structural transformation, driven by aggressive capacity expansion, policy momentum, and investor optimism. A recent bullish call from YES Securities on Waaree Energies and Premier Energies underscores the market’s confidence in solar-led growth. Despite broader market volatility, both stocks have delivered notable short-term gains, reflecting underlying strength. With India surpassing key milestones in non-fossil capacity and accelerating toward long-term targets, renewable energy—particularly solar—has emerged as the cornerstone of future power infrastructure, supported by storage innovations and complementary energy sources.

Renewable Energy Transition Gains Unprecedented Momentum

India’s power sector is undergoing a profound recalibration, shifting toward a cleaner yet balanced energy mix. The transformation is not merely aspirational—it is already visible in hard data.

Total installed power capacity has reached an impressive 520 GW as of January 2026, marking a critical milestone in the country’s energy journey. Even more significant is the composition of this capacity: non-fossil fuel sources now account for 52 per cent, allowing India to surpass the symbolic 50 per cent threshold ahead of schedule.

This shift reflects a strategic pivot toward sustainability without compromising grid reliability. The emerging framework integrates renewable energy with conventional baseload sources and advanced storage systems, ensuring both scalability and resilience.

Record Capacity Additions Signal Accelerated Progress

The pace of capacity addition has surged beyond historical norms, indicating that India’s clean energy ambitions are not only intact but accelerating.

A record 52.5 GW of capacity has been added in FY26 (till January), with renewables contributing a dominant 43 GW. Within this, solar energy alone accounts for 35 GW, highlighting its central role in the energy mix.

This acceleration marks a clear departure from past trends, where capacity expansion was more gradual and fossil-heavy. The current trajectory signals faster-than-anticipated progress toward long-term national targets and reinforces investor confidence in the sector’s growth visibility.

Solar Emerges as the Undisputed Growth Engine

At the heart of this transformation lies solar energy, which is rapidly becoming the backbone of India’s power expansion strategy.

According to projections, solar capacity is expected to scale up to 509 GW by FY36, accounting for the majority of incremental additions. Its appeal stems from three key factors:

Cost competitiveness relative to other energy sources
Scalability across geographies
Faster execution timelines compared to conventional projects

While solar leads the charge, it operates within a diversified ecosystem. Wind capacity is projected to reach 155 GW, while hydro and nuclear energy provide essential balancing support and stable baseload generation.

This multi-source approach ensures that the grid remains stable even as renewable penetration deepens.

Energy Storage Becomes a Strategic Imperative

As renewable energy scales up, the intermittency challenge becomes increasingly critical. This is where energy storage technologies step in as indispensable enablers.

Battery Energy Storage Systems (BESS) and pumped storage solutions are gaining prominence for their ability to:

Manage peak demand efficiently
Smoothen supply fluctuations
Enhance grid flexibility
Enable deeper renewable integration

The growing emphasis on storage reflects a maturing energy ecosystem—one that is not just expanding capacity, but also optimizing performance and reliability.

YES Securities Bets Big on Solar Leaders

Against this favorable macro backdrop, YES Securities has issued a strong bullish call on two key players in the solar manufacturing space: Waaree Energies and Premier Energies.

Waaree Energies has been assigned a target price of Rs 4,191, implying a potential upside of 35.56 per cent from its recent trading level of Rs 3,091.20.

Premier Energies has received a target of Rs 1,182, indicating an upside potential of 30.57 per cent from Rs 905.25.

Notably, both stocks have already demonstrated resilience amid market volatility, delivering returns of 17 per cent and 27 per cent, respectively, over the past month.

This performance suggests strong institutional interest and reinforces their positioning as beneficiaries of India’s solar expansion wave.

High-Conviction Trading Ideas Across Sectors

Beyond long-term structural plays, market participants are also identifying tactical opportunities across sectors, with a particular focus on energy, IT, and consumer segments.

Below is a structured overview of key trading ideas:

Premier Energies stands out as a consensus buy, with multiple analysts projecting near-term upside backed by sectoral tailwinds.

In the upstream energy space, ONGC and Oil India are positioned to benefit from favorable crude dynamics and operational leverage.

Meanwhile, Newgen Software reflects strength in the IT solutions segment, and Cello World offers value in the consumerware category.

Strategic Outlook: A Multi-Decade Growth Story

The broader outlook for India’s power sector remains firmly bullish, underpinned by structural, policy, and technological drivers.

Non-fossil capacity is projected to reach 786 GW by FY36, accounting for 70 per cent of the total energy mix. This represents a significant leap from the current 52 per cent share and underscores the scale of transformation underway.

The convergence of solar expansion, wind support, hydro stability, and nuclear baseload—augmented by storage technologies—creates a robust and future-ready energy ecosystem.