I don’t track or invest in renewable sector much as unit economics are still not clear and I won’t know how many of these companies will be around in next few years. It’s a commodity business and as bigger players (e.g. Reliance, Tata, Adani etc) enter and expand in this space, they will hurt the smaller players who don’t have the same capital access, scale and operating leverage.
Right now there is a lot of bullishness about power section in general and renewable energy in and there is a definite operator action happening in stocks like Waaree.
I am invested in power sector but through ancillaries (transformer, cables etc) as I think growing power demand in our country will drive up consumption of ancillaries regardless of whether power comes from renewables or fossil fuels.
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