Green Stocks Nov 18: For Green Stocks, It's Go Big Or Make Big Announcements To Stay In Green

The extended weekend break provided little respite for a slipping market, but some of our green stocks stood up well on a week day. Cell and Module manufacturers Premier Energies and Waaree Energies both jumped over 10% and 6% respectively. Acme Solar, which had a disappointing debut last week, seemed in catch up mode as it spiked close to 10% as well. Where the market veered off from favoring large players, it liked market leader Shakti Pumps for its solar pump business, as the stock also climbed 5%. The other stock to make significant gains was KPI Green, which had announced a 1:2 bonus late last week, and reaped the benefits today with an over 3% jump.

Even as this motley mix of manufacturers, developers and EPC all rose today, there is no doubt that the underlying trend remains weak, and will take some time to change perhaps. Keep in mind that Q3 is usually a strong quarter for the green energy business coming off the monsoons, and all the indications we have heard so far make it clear that the industry has as much work as it can handle for now. That is something that will enthuse investors, and provide support to the healthy valuations most firms continue to enjoy.