Renewable Energy Stocks Surge Amid Oil Price Spike and Geopolitical Tensions

shares of renewable energy companies rallied sharply, with solar and wind stocks gaining up to 12%, bucking the broader market downturn. Rising crude oil prices—driven by escalating geopolitical tensions in the Middle East—boosted investor interest in alternative energy sources. While the Sensex closed down 829 points (1.1%) at 76,034 and the Nifty fell 228 points to 23,639, renewable plays shone brightly.

Green Energy jumped 11.8%, !Solex Energy surged 11.9%, reen Energy rose 8.9%, and Saatvik Green Energy gained 3.7%. The sector saw strong rotation into solar equipment and project developers as a hedge against energy supply risks.