Softlogic Stockbrokers, the full-service brokerage arm of Softlogic Holdings PLC, won Silver for ‘Best Sector Research Report’, compiled by Chamika Nanayakkara on Sri Lanka’s Renewable Energy Sector, at the recently concluded 12th annual CFA Society Sri Lanka Capital Market Awards held at Cinnamon Life – City of Dreams Sri Lanka.
“This award recognises Softlogic Stockbrokers’ analysts’ efforts to produce best-in-class sector research and promote best practices in fundamental equity research, ensuring an informed and efficient capital market,” said Softlogic Stockbrokers’ Director/Chief Executive Dihan Dedigama.
The award-winning report by Softlogic Stockbrokers presents a comprehensive outlook on Sri Lanka’s renewable energy sector, highlighting its vital role in enhancing energy security, reducing carbon emissions, and lowering long-term energy costs.
With over 50% of the country’s electricity still sourced from non-renewable fuels such as coal and thermal oil, the report underscores the urgency of transitioning to cleaner energy. It points out key challenges, such as outdated grid infrastructure and reliance on imported fuels, which have made the country vulnerable to global price fluctuations and exchange rate volatility.
However, the report notes encouraging developments, including government-led grid upgrades, the introduction of battery storage systems,
and strong policy incentives supported by Sri Lanka’s favourable tropical climate. The sector’s outlook remains highly positive, with growing investor interest driven by economic necessity and sustainability goals.
Notably, the report highlights top-performing counters in the sector, including Resus Energy PLC (HPWR), noted for its strong margins and continuous expansion, Vidullanka PLC (VLL), recognised for its diversified energy portfolio and solid financial performance, and Windforce PLC (WIND), which leads in both revenue and profit growth. Vallibel Power Erathna PLC (VPEL) is also spotlighted for its impressive dividend yield and overall profitability.
These companies are well-positioned for sustained growth, driven by their involvement in upcoming tenders, efforts to enhance operational efficiency, and the continued receipt of payments from the CEB, making them compelling investment opportunities in Sri Lanka’s transition toward clean energy.
Renewable energy holds transformative potential for Sri Lanka, offering the government a path to energy independence and fiscal stability, while enabling listed companies to unlock long-term value through innovation and green infrastructure. Together, policy and private capital can power a sustainable future built on resilience, reduced emissions, and economic opportunity,” Dedigama said.