Green Stocks March 6: Stocks Make The Most of Market Recovery

Green Stocks

As the markets continued their second day of strong recovery, green stocks made the most of it as you can see. Even stocks that did not really jump today, like Adani Green, are coming off a great day yesterday when they rose as much as 10%. The standout exception of course is Gensol Engineering, which got duly punished after strong comments from its rating agencies on its credit worthiness. If anything, after the strong gains yesterday, green stocks took a pause today as worries on the supply side disruptions and issues related to a massive tender pipeline continued to rise above the noise. Some of these are real issues that could actually impact faster roll out of green capacity as you will see in the stories we have done today. However, one has to believe that the government is alive to the situation, and steps can be expected soon to ensure there is no major stumble.

Having said that, when it comes to stock prices, don’t things to go back to normal, as in the situation before the correction. A good thing about corrections is that they make you challenge many of your assumptions, and it is a consequence of that, wherein many analysts have started to question broad assumptions on growth and sales of green energy. It is a positive thing in the long run, and will lead to a less muddied view of clean energy growth as well.