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Economic Times
2 days ago
- Business
- Economic Times
Waaree Energies shares jump over 8% in 2 days. Here's why
Waaree Energies shares: The deal, finalized on June 27, will be carried out via a one-time international supply agreement. According to a stock exchange filing on Friday, Waaree Solar Americas will supply 270 MW of modules in 2025, with the remaining 270 MW slated for delivery between 2027 and 2028. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Waaree Energies shares price target Shares of Waaree Energies gained 8.4% in the last two trading sessions after its U.S.-based subsidiary secured a 540 megawatt (MW) solar module supply contract from a major American developer of utility-scale solar and energy storage deal, finalized on June 27, will be executed through a one-time international supply arrangement. Waaree Solar Americas will deliver 270 MW of modules in 2025, with the remaining 270 MW scheduled for 2027–2028, the company disclosed in a stock exchange filing on latest deal adds to Waaree's recent string of international wins. In the past few weeks, the company has secured two other large U.S. orders, one for 586 MW and another for 599 MW of solar modules. The flurry of contracts comes as Waaree looks to ramp up its presence in the North American company is also doubling its manufacturing capacity at its Brookshire, Texas, facility to 3.2 gigawatts (GW) by the end of a statement issued earlier last week, Waaree reaffirmed its compliance with U.S. trade regulations, including Foreign Entity of Concern (FEOC) rules, and disclosed that its order book now stands at 25 GW through in early trade today, the stock rose 2% to Rs 3,199.10, but later slipped to Rs 3,092, down 1.5% as of 11:04 to Trendlyne, the stock has an average target price of Rs 2,602, suggesting a potential downside of around 16%. Four analysts currently hold a 'Sell' rating on the the bearish outlook, Waaree Energies shows bullish technical momentum. The stock is trading above all key moving averages (5-day to 150-day SMAs), and the Relative Strength Index (RSI) stands at 65.1—indicating strong momentum but not yet in overbought shares have gained 11% in the past two weeks and 30% over the last three months. The company's current market capitalisation stands at Rs 89,056 crore.
Time of India
2 days ago
- Business
- Time of India
Waaree Energies shares jump over 8% in 2 days. Here's why
Shares of Waaree Energies gained 8.4% in the last two trading sessions after its U.S.-based subsidiary secured a 540 megawatt (MW) solar module supply contract from a major American developer of utility-scale solar and energy storage projects. The deal, finalized on June 27, will be executed through a one-time international supply arrangement. Waaree Solar Americas will deliver 270 MW of modules in 2025, with the remaining 270 MW scheduled for 2027–2028, the company disclosed in a stock exchange filing on Friday. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Xu hướng nhà container: Giải pháp nhà ở hiện đại và bền vững Visionary Echo Tìm hiểu thêm Undo This latest deal adds to Waaree's recent string of international wins. In the past few weeks, the company has secured two other large U.S. orders, one for 586 MW and another for 599 MW of solar modules. The flurry of contracts comes as Waaree looks to ramp up its presence in the North American market. The company is also doubling its manufacturing capacity at its Brookshire, Texas, facility to 3.2 gigawatts (GW) by the end of 2025. In a statement issued earlier last week, Waaree reaffirmed its compliance with U.S. trade regulations, including Foreign Entity of Concern (FEOC) rules, and disclosed that its order book now stands at 25 GW through 2027. Live Events Meanwhile, in early trade today, the stock rose 2% to Rs 3,199.10, but later slipped to Rs 3,092, down 1.5% as of 11:04 am. Waaree Energies shares price target According to Trendlyne, the stock has an average target price of Rs 2,602, suggesting a potential downside of around 16%. Four analysts currently hold a 'Sell' rating on the stock. Despite the bearish outlook, Waaree Energies shows bullish technical momentum. The stock is trading above all key moving averages (5-day to 150-day SMAs), and the Relative Strength Index (RSI) stands at 65.1—indicating strong momentum but not yet in overbought territory. Waaree shares have gained 11% in the past two weeks and 30% over the last three months. The company's current market capitalisation stands at Rs 89,056 crore.
Time of India
3 days ago
- Business
- Time of India
Waaree Energies shares rally 3% after U.S. arm wins 540 MW solar module contract
Waaree Energies' U.S. subsidiary has secured a 540 MW solar module contract from a leading American developer, with deliveries split between 2025 and 2027–2028. This deal follows two other major U.S. orders, reinforcing Waaree's North American expansion plans. The company is also doubling its Texas capacity and holds an order book of 25 GW through 2027. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Technical indicators and price performance Shares of Waaree Energies jumped as much as 3.4% to their intraday high of Rs 3,048 on the BSE on Monday after its U.S.-based subsidiary secured a 540 megawatt (MW) solar module supply contract from a leading American developer of utility-scale solar and energy storage deal, finalized on June 27, will be executed through a one-time international supply arrangement. Waaree Solar Americas will deliver 270 MW of modules in 2025, with the remaining 270 MW scheduled for 2027–2028, the company disclosed in a stock exchange filing on latest deal adds to Waaree's recent string of international wins. In the past few weeks, the company has secured two other large U.S. orders, one for 586 MW and another for 599 MW of solar modules. The flurry of contracts comes as Waaree looks to ramp up its presence in the North American company is also doubling its manufacturing capacity at its Brookshire, Texas, facility to 3.2 gigawatts (GW) by the end of a statement issued earlier last week, Waaree reaffirmed its compliance with U.S. trade regulations, including Foreign Entity of Concern (FEOC) rules, and disclosed that its order book now stands at 25 GW through the technical front, Waaree Energies' stock is showing bullish momentum. It is currently trading above all seven of its key simple moving averages (SMAs), ranging from the 5-day to the 150-day SMA, suggesting strength across both short-term and long-term Relative Strength Index (RSI) is at 56.4, indicating that the stock is in neutral territory but with upward potential. A reading below 30 is considered oversold, while a reading above 70 is Moving Average Convergence Divergence (MACD) stands at 42.3 and remains above both the center and signal lines, reinforcing the ongoing bullish of Waaree Energies have gained 22.6% in the past three months and are up 5.6% over the last six months. However, the stock has seen a 2.3% dip in the past month.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
3 days ago
- Business
- Economic Times
Waaree Energies shares rally 3% after U.S. arm wins 540 MW solar module contract
Waaree Energies' U.S. subsidiary has secured a 540 MW solar module contract from a leading American developer, with deliveries split between 2025 and 2027–2028. This deal follows two other major U.S. orders, reinforcing Waaree's North American expansion plans. The company is also doubling its Texas capacity and holds an order book of 25 GW through 2027. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Technical indicators and price performance Shares of Waaree Energies jumped as much as 3.4% to their intraday high of Rs 3,048 on the BSE on Monday after its U.S.-based subsidiary secured a 540 megawatt (MW) solar module supply contract from a leading American developer of utility-scale solar and energy storage deal, finalized on June 27, will be executed through a one-time international supply arrangement. Waaree Solar Americas will deliver 270 MW of modules in 2025, with the remaining 270 MW scheduled for 2027–2028, the company disclosed in a stock exchange filing on latest deal adds to Waaree's recent string of international wins. In the past few weeks, the company has secured two other large U.S. orders, one for 586 MW and another for 599 MW of solar modules. The flurry of contracts comes as Waaree looks to ramp up its presence in the North American company is also doubling its manufacturing capacity at its Brookshire, Texas, facility to 3.2 gigawatts (GW) by the end of a statement issued earlier last week, Waaree reaffirmed its compliance with U.S. trade regulations, including Foreign Entity of Concern (FEOC) rules, and disclosed that its order book now stands at 25 GW through the technical front, Waaree Energies' stock is showing bullish momentum. It is currently trading above all seven of its key simple moving averages (SMAs), ranging from the 5-day to the 150-day SMA, suggesting strength across both short-term and long-term Relative Strength Index (RSI) is at 56.4, indicating that the stock is in neutral territory but with upward potential. A reading below 30 is considered oversold, while a reading above 70 is Moving Average Convergence Divergence (MACD) stands at 42.3 and remains above both the center and signal lines, reinforcing the ongoing bullish of Waaree Energies have gained 22.6% in the past three months and are up 5.6% over the last six months. However, the stock has seen a 2.3% dip in the past month.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Korea Herald
17-06-2025
- Business
- Korea Herald
Korea Zinc to acquire 5% stake in Canada's The Metals Company
Korea Zinc said Tuesday that it plans to acquire a 5 percent stake in The Metals Company, a Canadian mineral resource development firm, in a strategic move to reduce reliance on Chinese for sourcing critical minerals. Under the $85 million agreement, the company secured the right to purchase additional shares at a predetermined price, contingent upon TMC's future market value and growth potential. Korea Zinc looks to counter the impact of the US decoupling from the Chinese supply chain for critical minerals with TMC by refining the resources extracted by TMC in South Korea and global markets. TMC is gearing up to mine polymetallic nodules — round, hard deposits found on the ocean floor's abyssal plains, containing metals such as manganese, iron, nickel, cobalt and copper. In April, Trump signed an executive order aimed at boosting the local deep-sea mining industry. This includes expedited issuance of permits for seabed mineral exploration and development and joint development projects with private companies and other countries. According to Korea Zinc, this investment will secure raw materials for electric vehicle batteries that are not subject to US Foreign Entity of Concern regulations, which effectively prohibit sourcing from China. This minimizes the risk of being excluded from US tax benefits. Through its subsidiary Kemco, the company is also building a comprehensive nickel smelting facility scheduled to begin operations by 2027, where it plans to process TMC's resources. In addition, Korea Zinc intends to explore further cooperation with TMC, including constructing a nickel smelting plant in the US and other facility investments. 'We have been reviewing our collaboration with TMC since last year, confirming the business potential and economic feasibility,' stated a Koea Zinc official. 'The new partnership between Korea Zinc and TMC is significant, as it establishes an independent and reliable nickel supply chain in the US which is expected to greatly enhance Korea Zinc's position in the market.' Headquartered in Canada, TMC is listed on the US Nasdaq and is actively pursuing a manganese nodule exploration project in the Clarion-Clipperton Zone of the Eastern Pacific Ocean.
