Green Stocks July 8th: Mixed Day For Green Stocks, As Shakti Pumps, Waaree Reverse Movement

July 8 brought back a return to upper circuit movement for Waaree RTL, as the firm benefited from announcing a major 335 MW project. Incidentally, the modules for the project by Acciona are also being supplied by Waaree Energies, the parent firm of Waaree RTC.

Shakti Pumps finally took a break after a tremendous runup. The heavyweights like Adani Green Energy,  Tata Power, And even EPC major Sterling and Wilson Renewable also fell more than the broader market, as investors were perhaps influenced by the spread of the monsoon finally putting an end to rising power demand.

With module prices staying low and even Lithium battery costs set to drop, EPC players should see order books bulging soon, which augurs well for their continued run, despite elevated valuations.

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