Waaree Energies Shares Extend Losses Amid US Tariff Shock

Waaree Energies Market Update – February 25

Indian solar stocks came under heavy selling pressure after the US Commerce Department announced preliminary countervailing duties of 126% on solar cell and panel imports from India. Waaree Energies, a leading solar manufacturer with significant exposure to the US market, saw its shares fall sharply, extending earlier losses.

Key Highlights

• Waaree Energies shares down up to 15%: Stock hit lower circuits in early trade.
• US tariffs imposed: Preliminary duties of 126% on Indian solar imports.
• Sector-wide impact: Premier Energies and Vikram Solar also faced steep declines.
• Investor sentiment: Concerns over export competitiveness and profitability weighed on renewable energy stocks.
• Market outlook: Analysts expect volatility until clarity emerges on final tariff decisions and potential trade negotiations.

The tariff shock underscores rising global trade frictions in the renewable energy sector. For Waaree Energies, which has been expanding its US footprint, the duties pose significant challenges to growth and margins.

Sources: Moneycontrol, CNBC-TV18, News18