February came and went (almost), and the green pack has had no respite, of course. CleanMax, the much-awaited IPO, barely scraped through, setting the stage for a very interesting listing day on March 2.
Waaree, after the slump yesterday, managed to hold on today. The firm continues to offer the broadest exposure to the sector for investors, offering it strong support at these levels. What will disappoint many is that the correction came despite a decent Q3 show by most firms in the green pack. So much so that most have recalibrated hopes.
Rumours, hopes, informed opinion, whatever you want to call it, at Intersolar Gandhinagar, we are hearing a lot of hopes of an extension for the ALCM deadline. With some even venturing to say it will be extended by a year.
We don’t know any better, but it is clear that with domestic cell capacity nowhere close to levels needed, quite a few smaller module players face a bleak future post June.
List of Green Stocks
Company Name
Closing Price on Feb 26
Change %
Year To Date
Acme Solar
235.08
+0.50%
-1.68%
Adani Green
962.60
-0.16%
-6.02%
Alpex Solar
726.05
-2.99%
-8.48%
Borosil Renewables
466.00
-1.60%
-11.77%
Emmvee Photovoltaic Power
191.55
-7.92%
+10.15%
Inox Wind
94.37
-0.84%
-22.53%
KPI Green Energy
383.80
+0.04%
-22.67%
NTPC Green
90.20
-0.02%
-4.76%
Oswal Pumps
322.30
-0.62%
-38.11%
Pace Digitek
179.00
+1.01%
-6.46%
Premier Energies
724.00
-0.74%
-13.96%
Shakti Pump
525.50
-0.44%
-28.59%
Solex Energy
885.00
+0.21%
-34.55%
Sterling and Wilson Renewable Energy
201.00
-0.40%
-6.14%
Suzlon Energy
43.34
+0.37%
-17.71%
Tata Power
380.00
-0.33%
-0.15%
Vikram Solar
164.40
-6.15%
-26.1%
Waaree Energies
2,714.0
+0.20%
-8.35%
Waaree Renewable Technologies
842.00
+0.32%
-13.24%