Clean Max Enviro Energy Solutions is in strong demand today, rising 9% to Rs. 1,345 on the BSE. The stock opened at Rs. 1,330.35 and touched a fresh 52-week high of Rs. 1,415 intraday (previous close: Rs. 1,234.30), as investors responded to a large, marquee corporate renewable energy tie-up and the company’s growing exposure to data centre/AI-linked power demand.

Trigger:

• Meta Platforms and CleanMax announced a 900 MW renewable energy partnership in India, including support for 837 MW of new solar and wind capacity across Rajasthan and Karnataka.
• CleanMax highlighted its client base of large tech companies such as Apple, Google, Cisco and Amazon, reinforcing its positioning in corporate renewables.
• The company’s total portfolio stands at 5.7 GW, with 3.1 GW operational and 2.6 GW contracted but yet to be executed. Data centre and AI-linked demand is said to account for 42% of contracted capacity versus 14% in FY24, while 74% of new volumes contracted reportedly came from existing customers (repeat wins).

The market appears to be pricing in “quality + visibility” rather than a single project. For a recently listed stock that debuted at a discount to issue price, sharp moves can also reflect post-listing “re-discovery” as the market builds conviction on medium-term earnings visibility.