Green Energy Stocks On July 30 – Waaree, Suzlon In Demand

The firm might not have declared it, but the market clearly has high hopes from Waaree Renewable Technologies Q1 results. The stock was up 5%, after initially treading bottom at 5% down in the opening hour. On a mixed day otherwise, Wind energy stocks, particularly Suzlon enjoyed a strong day as well, as the market digests the improved prospects for wind energy this year. JSW Energy was a major developer that continued to climb based on a strong list of tender wins in the past week, that have added over a GW to its pipeline of renewable projects.

Adani Green, India’s largest green developer had an off day however, after starting out strong in the first half, as profit booking tempered the price down to 1830 levels. High valuations mean that price triggers are going to be that much more sensitive to news, and there is none as important as Quarterly results for quite a few of in our pack, from Waaree Renewable Technologies to KPI Green Energy to others.