Green Stocks Dec 16: Shakti Pumps, Premier Energies Flex, Rest Wilt

India's leading solar pump maker Shakti Pumps continued to move towards lifetime highs on the back of its major order announced last week, with the share climbing another 5% today. Providing its company in the fast lane was Premier Energies, also up over 6% after announcing a 1 GW expansion for its manufacturing. For the rest, other than the odd success for KPI Green, it was a tough day as most shares weathered losses. While Adani Green continues to feel the heat from the US-origin allegations of wrongdoing Waaree Energies continues its volatile moves, dropping over 2.5% after its steep climb last week.

EPC Firms Sterling and Wilson Renewable and Waaree RTL both suffered losses, unable to find the momentum to get a move on towards higher process, as the market continues to be undecided on the right valuations for them. Meanwhile, solar firms continue to line up for IPOs, with Saatvik Solar's move last week followed by the announcement of an IPO from solar pump seller GK Energy. Keep watching this space for a more detailed look at both these firms and their prospects.