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The stock of Websol Energy Systems, a company that has given more than double returns to its investors in a year, may see action in the next session. The company has informed the stock market on Saturday about receiving the order. The company said that it has signed a contract with Luminous. These contracts are related to solar cell supply. In the last session, the stock closed with a gain of more than one percent amid a sharp decline in the market.
What information has the company given
Websol Energy System, a manufacturer of high-efficiency solar cells and modules, informed the stock market that it has signed an important agreement with Luminous Power Technologies Private Limited for the supply of 100 MW Mono PERC Solar Cells. This order will be delivered between April 2025 and April 2026. According to the company, this order represents an important achievement in its growth strategy. According to the company, the efficiency rate of Mono PERC Solar Cells to be supplied under this agreement is expected to be between 23% to 23.4%. According to the company, this order is a decisive step towards strengthening Websol's production capacity and increasing its hold in the fast-growing renewable energy sector. This 100 MW order is an important part of the company's expansion strategy, which not only strengthens the company's presence in the domestic market but also makes the operational infrastructure more efficient. This has also increased the hope of getting many more new opportunities along with the contract. How was the performance of the stock? In the last trading session, the company's stock closed at 1266 with a gain of more than one percent. In the last one month, the stock has seen a sharp rise and the stock has increased by 50 percent, while the one-year return of the stock is 136 percent.
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