Green Stocks Nov 6: Trump Bad for Climate, But Good For Green Stocks? By Saur News Bureau/ Updated On Wed, Nov 6th, 2024 green stocks Perhaps it was just the relief of putting the event behind them, or a genuine hope that a Trump presidency would broadly be good for growth, but there was little doubt that Indian market seem to consider a Trump presidency better. That explains the sharp jump seen in the markets today, with our green pack probably outdoing the broader market comfortably in terms of gains. That explains the broad based gains for developers, EPC players, and manufacturers like newly listed Waaree Energies, which crossed the 3650 mark during trading, taking it ever closer to a Rs 100,000 crore valuation. Those are mighty numbers from a category that was struggling to turn a profit a couple of years ago. EPC firms like Waaree RTL and KPI Green have also declared results this week, and the story of high growth and profitability remains intact, although the higher base effect can be expected to kick in from the next quarter or so. But markets remain confident that a 30% plus CAGR is well within reach for these firms for the next two years and more. Importantly, most firms have done well to shed debt in the current run, and that should prepare them well for any downturn, much as no one expects to see one anytime soon. But as the world has learnt from the last Trump presidency, with the incoming President, expect the unexpected. This time, with Trump’s widely held and publicised climate scepticism and anti-renewables stance, one hopes he will do the unexpected and allow the renewables bandwagon to continue on its path. Company Name Closing Price On November 5 Closing Price on November 6 Change % Borosil Renewables Ltd 440.50 455.50 +3.41% Waaree Renewable Technologies Ltd 1,652.15 1,734.75 +5.00% Sterling and Wilson Renewable Energy Ltd 575.95 588.50 +2.18% KPI Green Energy Ltd 845.00 822.85 -2.62% Shakti Pumps (INDIA) LTD 4,442.60 4,602.00 +3.59% TATA POWER CO. LTD. 434.10 450.50 JSW Energy Ltd 654.80 684.95 +4.60% SUZLON ENERGY LTD 67.37 69.44 +3.07% Adani Green Ltd 1,644.25 1,715.50 +4.33% Inox Wind 218.87 224.80 +2.71% SJVN Ltd 113.56 115.40 +1.62% Gensol Engineering Ltd 838.55 850.00 +1.37% Premier Energies 1,168.15 1,190.60 +1.92% Waaree Energies 3,472.70 3,632.10 +4.59% Waaree RTL Q2 Results- Revenue Up 250%, PAT Up 160% YoY Also Read Tags: Green Stocks, KPI Green, Stock Market, US election, Waaree Energies