Shares of Premier Energies gained 4% to their day's high of Rs 1,020 on the BSE on Tuesday after a host of funds purchased stake in the renewable energy player following a Rs 2,289-crore bulk deal on Monday. Stock exchange data showed that Smallcap World Fund Inc acquired 24.44 lakh shares, while Quant Mutual Fund purchased 40.83 lakh shares. Nomura India Investment Fund Mother Fund picked up another 25 lakh shares. Other buyers included Kotak Mahindra Life, SBI Life and Kotak Mutual Fund, among others.This came after the promoter family sold shares worth about Rs 2,289 crore through a large deal, with several institutional investors buying into the solar equipment maker. NSE bulk deal data showed promoter group entities together offloaded 2.39 crore shares at Rs 955 apiece.Among the sellers, Surenderpal Singh Saluja sold 1.56 crore shares, while Manjeet Kaur Saluja pared 50.46 lakh shares. Charandeep Singh Saluja sold 13.08 lakh shares, and Jasveen Kaur Saluja divested 19.37 lakh shares. The total transaction value stood at around Rs 2,289 crore.The participation of large institutional investors comes at a time when renewable energy and domestic solar manufacturing companies continue to attract strong investor interest, driven by India’s clean energy ambitions and efforts to reduce import dependence.Premier Energies Q4 snapshotPremier Energies has also reported robust earnings growth, supported by rapid expansion in module and cell manufacturing capacities.The company posted a 38% year-on-year rise in Q4 FY26 revenue to Rs 2,230 crore, while profit after tax increased 64% to Rs 450 crore. EBITDA during the quarter grew 28% year-on-year to Rs 670 crore, although EBITDA margin declined by 300 basis points to 30%.Premier Energies’ module manufacturing capacity has now reached 11.1 GW, while cell capacity stands at 3.6 GW. The company expects cell capacity to expand to 10.6 GW through ongoing projects scheduled for commissioning later this year. The company recently commissioned its 5.6 GW Sitarampur module facility in Telangana and expects the plant to be fully ramped up over the coming months.Apart from solar manufacturing, the company has also been expanding into transformers and power equipment through Transcom. Transformer capacity is expected to increase nearly sevenfold to 16.75 GVA by July 2026, with a focus on high-margin HV and EHV segments.Premier Energies' share price has risen 16.5% in 2026. The promoter stake sale comes amid continued investor interest in renewable energy and domestic manufacturing-linked themes over the past year, supported by policy incentives, production-linked schemes and rising domestic demand for solar equipment.Sensex, Nifty today: Catch all the LIVE stock market action here (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)