Waaree Energies Surges 4% on Major U.S. Solar Deal!

Waaree Energies Surges 4% on Major U.S. Solar Deal!

Waaree Solar Americas secures a significant international order, signalling strong global momentum and robust growth prospects for India’s largest solar PV module manufacturer.

Summary:
Waaree Energies Ltd, India’s largest solar module manufacturer, witnessed a 4.1% jump in its stock price on June 11, 2025, after its U.S.-based subsidiary, Waaree Solar Americas, secured a significant order to supply 599 MW of solar modules. The development underscores Waaree’s growing international footprint, strategic manufacturing expansion, and commitment to green energy solutions under global sustainability goals.

Waaree Energies Shines as Clean Energy Momentum Builds
In a clear indicator of India’s rising prominence in the global solar energy supply chain, Waaree Energies Ltd saw its stock rally by over 4% in intraday trade on Wednesday, June 11, 2025. The bullish movement came after the company’s wholly owned US subsidiary, Waaree Solar Americas, secured a substantial order to supply 599 megawatts (MW) of solar PV modules to a significant project developer in the United States.
The order is one of the largest international deals for the company to date and is set to be fulfilled from Waaree’s state-of-the-art manufacturing facilities in India. The contract reaffirms the company’s strong global positioning and the trust it enjoys from international renewable energy developers.

A Strategic Win for Waaree Solar Americas
Waaree Solar Americas has been actively engaged in catering to the growing US demand for sustainable energy solutions. The recent order win validates the group’s strategy to expand its footprint in key international markets, particularly North America, which is undergoing an accelerated transition toward renewable energy.
The 599 MW solar module order is expected to be executed over the next few quarters. While the financial details of the deal remain undisclosed, the size and scale of the order reflect robust demand for high-efficiency solar modules amid the US’s push for energy security, carbon neutrality, and domestic job creation.

Stock Market Response and Investor Sentiment
Following the announcement, Waaree Energies’ shares rose by 4.1%, trading at ₹437.85 on the BSE by mid-afternoon, marking a sharp recovery from recent consolidation. The positive momentum was supported by strong investor sentiment around renewable energy and optimism surrounding India’s manufacturing prowess.
The stock has gained over 18% in the last three months, driven by a series of order wins, manufacturing capacity expansions, and favourable regulatory developments supporting solar energy adoption in both domestic and export markets.

Waaree’s Growing Global Presence
Established in 1989 and based in Mumbai, Waaree Energies holds the title of India’s largest manufacturer of solar PV modules. As of 2024, the company boasts a production capacity of 12 GW, which is anticipated to grow to 20 GW by the close of FY26.
The company has strategically invested in technological upgrades, including TOPCon and bifacial module technologies, to meet the evolving needs of utility-scale, commercial, and residential solar projects across geographies.
Apart from its dominant position in the Indian market, Waaree has a growing presence in the US, Europe, and the Middle East. Its entry into the US market via Waaree Solar Americas has allowed it to tap into tax-incentivized green energy investments under the US Inflation Reduction Act (IRA).

Driving India’s Solar Export Ambitions
The US solar market has increasingly relied on trusted global partners for its module requirements, especially as import restrictions and quality standards are tightening. Indian manufacturers like Waaree Energies are emerging as key players thanks to their cost competitiveness, technological capabilities, and compliance with international quality benchmarks.
The latest deal contributes meaningfully to India’s ambition to become a net exporter of clean energy technology, aligning with national goals under the PLI (Production Linked Incentive) scheme and Atmanirbhar Bharat (self-reliant India) initiative.

Management Commentary and Outlook
While an official statement from Waaree’s top executives is awaited, industry analysts view this order as a vote of confidence in Waaree’s product reliability and after-sales support ecosystem.
“The 599 MW deal puts Waaree in a favourable position to win repeat business from US developers and utility companies. This could open the floodgates for more contracts in the 500 MW+ range, which are the sweet spot for large solar farms,” said a renewable energy analyst from a leading brokerage firm.
Looking ahead, Waaree is expected to ramp up both its R&D initiatives and global channel partnerships, with a focus on value-added services, such as storage integration and EPC (Engineering, Procurement, and Construction) capabilities.

Challenges and Competitive Landscape
Despite the positive outlook, Waaree Energies encounters strong competition from both local and global companies such as Adani Solar, Vikram Solar, Trina Solar, and Longi Green Energy. Additionally, supply chain constraints, module price volatility, and regulatory changes in export markets continue to pose risks.
Nonetheless, Waaree’s integrated manufacturing model, global certifications, and large order pipeline provide a firm cushion against cyclical pressures in the solar energy sector.

Conclusion
The 599 MW module supply order won by Waaree Solar Americas marks a significant milestone for Waaree Energies, reinforcing its growing influence in the global renewable energy space. The development not only reflects the company’s operational excellence and international credibility but also highlights India’s increasing role in decarbonizing the world economy.
As governments and corporations double down on clean energy adoption, Waaree’s continued focus on scaling, innovation, and internationalization positions it well to be a frontrunner in the global solar revolution.

:

The image added is for representation purposes only