Green Stocks April 11: A Day To Shine

We finally had a day where most green stocks in our pack outshone the market. While it is anyone’s guess how long the recovery will sustain, it was certainly obvious that value buyers are taking a second look at green energy after a sharp correction in many cases.

The big standouts today were the wind energy firms, Inox Wind and Suzlon, as both rose sharply. A formal announcement of India crossing the 50 GW milestone in wind energy might have served to remind many that this segment still has a long way to go, considering the targeted doubling of this capacity needed by 2030, EPC firms, especially the more domestic-focused firms like Shakti Pumps and KPI green also enjoyed a strong day, as did solar glass maker Borosil Renewables.

With total solar capacity at over 106 GW today, the next milestone of 290 GW plus by 2030 is expected to see a possible flight to quality as well, as older plants age and demonstrate the delivery of promises made or show their age. While everyone will be glad to end the week on a strong positive note, let’s face it that the medium-term view remains uncertain, as the impact of US action against China trade shows up in expected, and unexpected ways. Lack of progress or any further escalation in that fight should worry anyone, as China remains an outsized influence on global markets today, with the ability to disrupt supply chains in more ways than one.

Company Name	Closing Price on April 11	Change %
Borosil Renewables Ltd	478.00	+3.46%
Waaree Renewable Technologies Ltd	886.00	+3.47%
Sterling and Wilson Renewable Energy Ltd	251.00	+3.80%
KPI Green Energy Ltd	409.00	+5.30%
Shakti Pumps (INDIA) LTD	936.50	+4.99%
Acme Solar	196.96	+0.76%
SUZLON ENERGY LTD	53.10	+3.69%
Adani Green Ltd	894.50	+3.92%
Inox Wind	151.83	+7.57%
Alpex Solar Ltd	650.00	+5.89%
Premier Energies	889.85	+4.18%
Waaree Energies	2,153.00	+0.17%
TATA Power Ltd	364.90	+1.86%
NTPC Green	95.87	+0.86%