Waaree Energies Surges Over 11% on FTSE Index Inclusion Buzz
Waaree Energies accelerates as news of FTSE index addition fuels investor enthusiasm, paving the way for heightened international visibility and capital influx.
Waaree Energies Climbs Sharply Following Buzz Around FTSE Index Addition and Rising Investment Interest
Shares of Waaree Energies rallied more than 11% on June 20 after confirmation of its upcoming inclusion in the FTSE Global Index sparked robust investor interest. The stock soared to an intraday high of ₹2,975, driven by expectations of passive fund inflows tied to the index adjustment.
The momentum reflected investors’ anticipation of increased liquidity and greater global visibility for the solar module manufacturer. This move is expected to mark a pivotal moment in Waaree’s ongoing growth narrative, particularly as it continues to expand internationally.
Passive Inflows Expected to Boost Waaree by $49 Million
The FTSE Global Index, maintained by the London-based Financial Times Stock Exchange, is undergoing its latest portfolio reshuffle. The rebalancing, effective from June 23, is expected to usher in considerable passive investments from institutional funds tracking the index.
Waaree Energies is estimated to benefit from approximately $49 million in such inflows. This projected investment is expected to bolster not just the company’s stock price in the short term, but also its stature among global market participants.
Several other Indian firms are also slated to gain from the FTSE reshuffle. Among the notable beneficiaries are Vishal Mega Mart, projected to receive around $115 million, Hyundai Motor India with an estimated $56 million, Swiggy at $32 million, and NTPC Green Energy expecting approximately $22 million in inflows. Moreover, companies like Afcons Infrastructure, Sai Life Sciences, OneSource Specialty Pharma, and Inventurus Knowledge are expected to draw increased attention as contenders for FTSE index addition.
Strategic Growth in the U.S. Market Amplifies Momentum
While the FTSE development lit the spark, Waaree’s recent gains also stem from its impressive strides in the U.S. renewable energy sector. The company’s American subsidiary, Waaree Solar Americas, has secured significant supply contracts, including a 586 MW order and another for 599 MW from top-tier independent power producers.
Despite political uncertainties around renewable energy policies in the U.S., including proposals that may reduce incentives for the sector, Waaree’s growth remains strong. The company continues to find traction in the market and is undeterred by potential regulatory headwinds.
To meet growing demand, Waaree is doubling the production capacity at its Brookshire, Texas facility. The expansion is aimed at reaching 3.2 GW by the end of 2025, reinforcing Waaree’s ambition to solidify its place as a key player in the global solar energy space.
Market Overview: Share Price Approaches ₹3,000 Within a Wide Price Band
With the latest rally, Waaree Energies’ share price has come within striking distance of the ₹3,000 mark. While still trading about 22% below its 52-week peak of ₹3,740.75 (recorded in November 2024), the stock has made a sharp recovery from its 52-week low of ₹1,808.65, touched in April 2025.
So far in June, the stock has dipped 2.3%, but prior months painted a more bullish picture—with May seeing a 14.4% gain, April rising by 8.3%, and March climbing 11.4%. These gains followed back-to-back losses of 10% and 16% in February and January, respectively.
From its IPO price of ₹1,503, Waaree Energies has now delivered a staggering 98% return, underlining sustained investor confidence in the company’s execution capabilities and long-term prospects.
Technical Overview: Bullish Setup Signals Further Upside Potential
Technically, the stock appears to be forming an ascending triangle on the daily chart—an indicator often associated with bullish continuation patterns. This suggests that accumulation is ongoing and a potential breakout could be on the horizon.
On June 20, strong buying emerged from support zones, accompanied by higher-than-average trading volumes. The stock has decisively closed above both its 20-day and 50-day exponential moving averages (EMAs), pointing to a strengthening short- to medium-term trend.
The Relative Strength Index (RSI) currently hovers around 62 and is on an upward trajectory, reflecting increasing bullish momentum. Should the stock break past the ₹3,050 resistance level, it could see further upside, potentially targeting the ₹3,300 zone in the coming sessions.
Final Thoughts
Waaree Energies’ over-11% surge on June 20 came as a response to the company’s confirmation for inclusion in the FTSE Global Index—an event expected to draw substantial passive investments. But beyond this catalyst, Waaree’s fundamental strength, strategic expansion in the U.S., and strong technical indicators all contribute to a compelling growth story.
The stock’s rebound from its April low, near-doubling since IPO, and resilience in the face of global policy shifts highlight the market’s faith in its long-term vision. Investors and traders alike will be closely watching for a confirmed breakout in the coming days, which could kickstart the next leg of Waaree’s rally.
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