Green Energy Stocks Continue to face Tough Market Assessment- May 13

With green energy stocks, there is clearly nothing like half measures. Even today, when the market moved between losses and a marginal profit, green energy stocks moved much more sharply. For tata Power and Waaree Renewable Technologies, even record profits were not enough to prevent a drop, a full 5% in case of Waaree. On the other hand, Shakti Pumps and Inox Wind are clearly seen as stronger stories this week, as they both went up by the same 5%.  Other stocks held strong, and continue to enjoy rich valuations despite the good performance, or even lack of it. Green energy remains one of the most richly valued sectors, with even EPC players enjoying unheard of valuations, with everything being bet on a sustained, long period of growth.
If valuations could attract players to this market, then there would be stampede to enter the sector, that's for sure.

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