Green Energy Stocks Continue to face Tough Market Assessment- May 13

Green Energy Stocks Continue to face Tough Market Assessment- May 13 Borosil Renewables Plunges While Most Green Stocks Record Marginal Increase

With green energy stocks, there is clearly nothing like half measures. Even today, when the market moved between losses and a marginal profit, green energy stocks moved much more sharply. For tata Power and Waaree Renewable Technologies, even record profits were not enough to prevent a drop, a full 5% in case of Waaree. On the other hand, Shakti Pumps and Inox Wind are clearly seen as stronger stories this week, as they both went up by the same 5%.  Other stocks held strong, and continue to enjoy rich valuations despite the good performance, or even lack of it. Green energy remains one of the most richly valued sectors, with even EPC players enjoying unheard of valuations, with everything being bet on a sustained, long period of growth.
If valuations could attract players to this market, then there would be stampede to enter the sector, that’s for sure.

Company name

Closing Price On May 10

Closing Price on May 13

Change %

Borosil Renewables Ltd 488.40 495.00 +1.33%
Waaree Renewable Technologies Ltd 2564.00 2435.80 -5.00%
Sterling and Wilson Renewable Energy Ltd 707.95 688.80 -2.70%
KPI Green Energy Ltd 1850.45 1793.90 -3.06%
SHAKTI PUMPS (INDIA) LTD 2173.65 2282.30 +5.00%
TATA POWER CO.LTD. 414.75 411.30 -0.83%
JSW Energy Ltd 570.30 572.55 +0.39%
SUZLON ENERGY LTD 39.87 39.08 -1.98%
Adani Green 1713.80 1711.70 -0.12%
Inox Wind Energy 6541.45 6868.50 +5.00%
SJVN 125.15 123.40 -1.40%

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