Green Stocks Dec 9: Premier, Waaree Energies Hold Their Own

On a mixed day for the markets, the two key manufacturers in our Green pack, Premier Energies and Waaree Energies more than held their own as both rose by over 2%. The gains come on the back of an impressive roster of orders, including a large 1 GW order for Waaree announced today.

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Among developers, all of NTPC Green, Adani Green, and Acme Solar stayed in the green, as optimism remained high for the near future when it comes to fresh capacity additions. Borosil Renewables continued to ride the wave of optimism around its prospects following the anti-dumping duty measures announced on solar glass imports, rising a further 3.3% to over Rs 572. The price recovery marks a massive change of fortunes for the firm whose share price was floundering below RS 450 not so long back.

Our EPC pack continued to struggle for direction, with all three of Waaree RTL, KPI Green, and Sterling and Wilson Solar in the red today, as the market looks ahead to more order win announcements, and perhaps more importantly, margins going ahead in a competitive landscape.