Green Stocks Nov 27- No Happy November Endings For Green Pack

As yesterday's rise, with a much less impact on the green pack, turned into a drop today, there was little redemption for the green stocks that missed out yesterday.  In cases like Sterling and Wilson Renewable, even the announcement of significant order wins and a bulging order book did not assuage investor weariness, as selling pressure remained high.

As the markets await  triggers that could make a difference, its a good time to consider just what is happening in the BESS space. Seen by many as the saviour for sustained renewable growth, as large batteries absorb the excess solar and wind energy during daytime for use in the evening peak hours, the winning bids in recent BESS tenders have created their own camps.   On one side are industry experts who claim that these bids are too low to deliver quality energy storage solutions that can deliver a return, or dependable power when needed, as promised. On the other are a smaller but clearly dominant minority of firms and people who see nothing wrong with a market expanding to over 65 players, each willing to compromise on returns to get a foot in. 

The question is, will the bravado remain of the returns are even worse than they hoped for? We have seen this story play out in solar, when record low prices were achieved in 2018-19, only for a disproportionately high number of subsequent cancellations. One always hopes that industry and the people inside will learn from past mistakes, so perhaps the record-low BESS prices will surprise everyone and these projects will actually get built. However, if they don't, you heard it here first.

With November pretty much certain to be a month with no overall rise in valuations for the sector, with many recent firms that listed actually slipping well below their IPO price, notably Vikram Solar, Saatvik Green Energy and Oswal Pumps, will December bring Christmas cheer, or a sombre start to 2026? As we said, news flowing indicates the quarter has been as good as it was expected to be, so what is queering the pitch is clearly future uncertainty and not present performance in most cases. So if there was one thing to wish for, investors would wish for the fog of uncertainty to clear away in December, so that 2026 can be another record-breaking year.

List of Green Stocks