Waaree Energies Share Price Falls After US Anti-Dumping Duty Probe

Market Performance

Shares of Waaree Energies Ltd. slipped 3% to ₹2,991.7 on Wednesday, August 13, after the US Department of Commerce initiated an anti-dumping duty and countervailing duty investigation into solar cell imports from India.

Meanwhile, shares of Premier Energies Ltd. were trading marginally lower, staying just below the flat line.

Main News

The probe focuses on crystalline silicon photovoltaic cells, whether assembled into modules or not, originating from India, Indonesia, and Laos.

According to the US Commerce Department, India has allegedly been dumping solar cells into the US with:

• Dumping margin: 123%
• Subsidy rate: 2%

The initial results of the investigation are scheduled for release on September 2, 2025.

Company Details – Waaree Energies

• Order Book (June quarter): 25 GW worth ₹49,000 crore
• Export Share: 41.3% of the total order book
• Order Inflow: 2.23 GW during Q1 FY26, largely from a US-based customer

Financial Performance – June Quarter

• Revenue Growth: +30% year-on-year
• Net Profit: Almost twice as high as the corresponding period last year

Premier Energies

In contrast, Premier Energies has minimal exposure to the US market and remains largely domestic-focused.

Summary

The Waaree Energies share price decline comes amid heightened trade scrutiny from the US, with a probe into possible dumping of solar cells.

Despite strong quarterly results and a healthy order book, the company’s significant US market exposure has placed its stock under pressure.