Green Stocks Jan 16- Green Pack Rebounds After A Break

As expected, the first few of the Q3 results to have come out have delivered strong numbers for the green pack, supporting a strong day for more than just the stocks themselves.  Interestingly, post the results, the valuations for many firms look even more attractive, something investors will no doubt ponder over before a pre-budget rally tries to kick off.

The firms in question, Emmvee PV in manufacturing, Sterling and Wilson Renewable, and Waaree RTL in EPC, have all delivered strong results. Although Sterling and Wilson have come with the usual caveats linked to its still unresolved issues with promoter contributions and more. 

The only key group left, developers, will also announce results soon enough, and numbers there might yet be muted relatively, which explains the lower movement in these stocks. 

Pace Digitek, the recently listed storage stock which has been pivoting more and more towards solar-linked energy storage and even solar EPC work itself, continues to look enticing, and we will be looking at its Q3 numbers with particular interest. 

Tata Power is another stock that seems to be dragged down by legacy issues, be it its stalled Mundhra thermal plant or the legal liabilities. Beyond that, there is little doubt that the firm's renewable business is on a strong footing and might yet be the difference between an ordinary and a strong quarter. 
The wind energy firms, Suzlon and Inox Green, have also suffered in the recent slump in the markets, and it remains to be seen how the market reacts to their results when they come.

Finally, we have the solar pump firms, all of whom have a different mix of advantages and a common mix of issues, namely, payment delays. That explains why the flurry of new orders announced in Karnataka's latest solar pump order has failed to sustain gains. These firms will be under added pressure to demonstrate an improvement, which, if it happens, will pay off significantly in higher valuations.

List of Green Stocks