Waaree Energies Share Price Surges 5% After Major US Solar Module Order

Market Performance

Waaree Energies' share price rose sharply by 5% on June 30, following a positive development from its overseas operations.

• The stock was trading around ₹3,092 per share during the morning session.
• With this move, Waaree Energies extended its rally for the third straight session.
• The company emerged as one of the top gainers on the Nifty Midcap index for the day.

Main News

Waaree Energies made headlines after announcing a substantial order secured by its US-based subsidiary, Waaree Solar Americas.

• The company disclosed through an exchange filing dated June 27 (post-market hours) that the order involves the supply of 540 megawatts (MW) of solar modules.
• Though the client's name was undisclosed, Waaree described them as a renowned utility-scale solar and energy storage developer and operator in the United States.
• The order will be executed in phases:
  • 270 MW of modules will be delivered in 2025
  • The remaining 270 MW will be supplied during 2027-2028

Company Details

Waaree Energies, a leading name in the solar energy sector, has delivered a solid performance in the stock market over the past year.

Share Price History:

• 1-Month Gain: ~6%
• 6-Month Gain: Over 8%
• 1-Year Return: Up by 32%
• From 52-Week Low: Stock has recovered approximately 66% from its low of ₹1,863 (April 2025)
• From 52-Week High: Down 17% from ₹3,743 (November 2024)
• Since Listing in 2024: Slight decline of over 1%

The company's consistent share movement reflects investor confidence amid its expanding global presence.

Summary

Waaree Energies' share price rallied by 5% on June 30 following the announcement of a 540 MW solar module order secured by its US subsidiary. The stock's recent performance has been commendable, supported by strong global business traction. With phased deliveries planned till 2028, this new order further strengthens Waaree's footprint in the international solar market.