Renewable Energy Stocks Soar Up to 14% as Oil Nears $100 Amidst Rising Middle East Tensions
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Oil Nears $100: Renewable Stocks Soar Amid Middle East Tensions, Up to 14% Gains
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CNBC Awaaz•12-03-2026, 15:33
Oil Nears $100: Renewable Stocks Soar Amid Middle East Tensions, Up to 14% Gains
•Indian stock market was subdued, but the renewable energy sector saw a strong rally on Thursday.
•Rising geopolitical tensions in the Middle East and crude oil prices nearing $100 per barrel drove investor interest in solar and wind energy companies.
•NTPC Green Energy surged 13.8%, Solex Energy 13%, KPI Green Energy 11.8%, and Saatvik Green Energy 7.9%.
•Other companies like Servotech Renewable Power, ACME Solar Holdings, Inox Wind, Suzlon Energy, Vikram Solar, and IREDA also saw gains.
•High oil prices make renewable energy more competitive, and governments' push for clean energy further benefits the sector.
