Green Stocks Jan 14- Stocks Wait On a Results Boost

The markets are set to be closed tomorrow, and that might have weighed on some key stocks that fell today. Of course, the broader market remained weak as well, ensuring little support for slipping prices. The few stocks we saw in the green today are expected to deliver strong Q3 numbers, something that remains to be seen.

What can be seen is that volatility in the sector is ramping up, with updates from China virtually every week on price trends and more. As the primary raw material supplier, that matters to Indian makers, and the government will be watching too, lest rising solar prices trip up the momentum that has built up since 2024 on fresh capacity additions. While there are obvious issues like the rising price of silver and copper that will lead to price pressure, other factors like the withdrawal of export incentives in China on solar, and later, on storage as well, will make many developers pause before their next set of bids. And for some of the more recent ones who have bid aggressively, it will certainly be alarming if the price trends continue to play out on an upward curve. 

Just when virtually every expert has made it a virtue to state the obvious, ie, energy storage and its critical role for renewables growth going ahead,  a jolt to the storage story linked to unviable prices and possible cancellations would jar the whole sector. 

About the only thing in favour of smaller increases right now is the massive overcapacity in China in both solar and storage, which cannot be managed so quickly. Despite losses, many Chinese firms remain focused on output over margins, and that will continue to provide (low) price support as well.  However, even these firms will have a limit to the losses they can take, and sooner or later, something needs to change in global supply chains.

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