US Trade Deal Boosts India's Renewable Stocks, Halving Tariffs

• India's renewable energy stocks rebound after a surprise US trade deal, with some firms surging over 24% in February.
• The agreement halves tariffs on Indian goods to 25%, with a further cut to 18% upon an interim deal, easing oversupply concerns.
• Experts note renewed interest in India's energy transition post-trade deal, despite previous pressures from supply glut and slowing exports.
• The sector faced challenges from Chinese competition, infrastructure delays, and high valuations, with Adani Green Energy trading at 42 times forward earnings.
• Lower tariffs could revive exports to the US, India's dominant solar export destination, making Indian producers more competitive.