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This Week In Energy Transition - India's Renewable Energy Surge Powers National Growth
Reviewed by Simply Wall St
India's energy landscape is undergoing a transformative shift, with a substantial increase in renewable energy capacity as a pivotal element. By 2030, India aims to achieve 500 GW of renewable energy capacity, which is projected to grow further to between 750-1000 GW by 2035. This growth is largely driven by the integration of renewable sources, such as wind and solar, supported by advanced energy storage systems and modernized grid infrastructure. Alongside this, substantial developments in smart grid technologies and inter-regional connectivity are highlighted as essential to meet the growing electricity demand, forecasted to hit 277 GW by 2027. This evolving ecosystem is presenting new investment opportunities in grid infrastructure, real-time monitoring solutions, and energy storage, marking India's significant advancement in the global clean energy transition.
In other market news, Generac Holdings (NYSE:GNRC) was a notable mover up 19.6% and ending the day at $181.00. Yesterday, the company updated its 2025 earnings guidance to a narrower range and announced improved second-quarter earnings and a completed share buyback tranche. At the same time, Elisa Oyj (HLSE:ELISA) softened, down 18.5% to close at €44.82.
Best Energy Transition Stocks
- Tesla (NasdaqGS:TSLA) settled at $319.04 down 0.7%.
- First Solar (NasdaqGS:FSLR) closed at $179.13 down 1.5%.
- Chevron (NYSE:CVX) closed at $153.56 down 2.2%. John B. Hess joined the company's Board of Directors two days ago.
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- Discover the full array of 171 Energy Transition Stocks, featuring ITOCHU, Rockwell Automation and China Petroleum & Chemical, right here.
- Searching for a Fresh Perspective? Outshine the giants: these 21 early-stage AI stocks could fund your retirement.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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About NasdaqGS:TSLA
Tesla
Designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally.
Flawless balance sheet with reasonable growth potential.
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