Green Stocks Feb 16- Shakti Pumps In Spotlight As Q3 Disappointment Is Punished

It was a proper evaluation of promise versus delivery for the green pack today, as most stocks made gains, with the notable exception of Shakti Pumps, which was dumped massively today. The management explanation of going slow to clean up the balance sheet, particularly its receivables, found few takers as the formerly high-flying stock's underperformance hit new lows. GK Energy, on the other hand, another player in the solar pumps space, was rewarded for a strong Q3. For most of the other stocks registering gains,  it was more a recalibration of their prospects, particularly for the larger developers, as the outlook continues to improve for both power demand and resolution of evacuation, and by extension, curtailment risks. 

This week remains crucial for the broader market in terms of the direction it provides, as the next big triggers would be the actual signing and reduction of US tariffs, expected by March. Until then, rumours and speculation will probably drive movements. 
One thing to look forward to in this quarter, besides the obvious race to complete projects to claim the remaining ISTS exemption, will be updates on India's cell-making capacity, with capacity additions eagerly awaited to ensure stability in the market post June 2026, when the new ALCM regime kicks in. It will matter for new C&I projects in particular, a segment that is supposed to become a key driver of growth, along with PM Suryaghar, of course. 

An interesting sidelight is going to be the state of wind projects, where, despite strong order books, wind energy firms know that the road ahead is not as straight as it seems. Solar plus storage will be a serious challenge to fresh wind energy additions post Fy26, and as the first of the storage projects are commissioned and performance feedback develops, wind energy will need a second wind to build for the next stage of growth.

List of Green Stocks