Green Stocks Dec 11: EPCs Up, Developers Down

In a role reversal of sorts, solar EPC firms enjoyed their day in the sun today, even as green developers, who had started the week on a bright note, faced selling pressure. All of KPI Green, SWREL, and Waaree RTL enjoyed a day with some gains, especially Shakti Pumps, which made a decisive 5% up move after some time.

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On the other hand, developers including Adani Green and Acme Solar continued to be weighed down, even as NTPC Green continued to make gains on the back of a string of announcements and tender wins. The two big solar manufacturers, Premier Energies and Waaree Energies both gained on the back of order wins, especially the former, which has delivered higher margins in the past quarters. Solar glass maker Borosil Renewables finally took a pause after the sharp gains of the past few trading sessions, with both the wind equipment makers, Inox Wind and Suzlon also facing down a wave of selling pressure due to possibly elevated prices according to some.