Latest news with #WaareeSolarAmericas
Business Upturn
4 days ago
- Business
- Business Upturn
Waaree Energies subsidiary bags 500MW solar module order in the US
By Aman Shukla Published on July 19, 2025, 18:01 IST Waaree Energies Limited, through its wholly owned subsidiary Waaree Solar Americas , has secured a major international order for the supply of 500MW solar modules. The contract, awarded on July 19, 2025, comes from a well-known U.S.-based developer and operator of utility-scale solar and energy storage projects. According to the official regulatory filing, the order is a one-time supply agreement and is scheduled for execution during the financial year 2026–27. While the commercial value of the deal has not been disclosed, the scale of the order highlights Waaree's growing presence in the global solar energy space, particularly in the North American market. The company confirmed that the awarding entity is entirely independent, with no connections to Waaree's promoter or promoter group, and the transaction does not qualify as a related-party deal. Waaree Energies is one of India's largest manufacturers of solar PV modules and has been steadily expanding its international footprint, with this U.S. order reinforcing its position as a trusted global solar technology supplier. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Economic Times
01-07-2025
- 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.
Business Standard
30-06-2025
- Business
- Business Standard
Waaree Energies jumps after arm bags order from American entity
Waaree Energies rallied 4.38% to Rs 3,077.10 after the firm's wholly owned subsidiary, Waaree Solar Americas received an order to supply 540 MW of solar modules from a renowned customer located in United States. The customer is a well-known developer of utility-scale solar and energy storage projects across the United States. The company will supply 270MW solar modules in 2025 & 270MW solar modules in 2027-2028. Waaree Energies is the largest manufacturer of solar PV modules in India with the largest aggregate installed capacity of 15 GW for solar PV modules and 5.4GW for solar cells. With presence across India and more than 25 countries worldwide, we offer innovative solar solutions, including panel manufacturing, EPC services, project development, and rooftop systems. The company reported 34.10% surge in consolidated net profit to Rs 618.91 crore in Q4 FY25 as against Rs 461.52 crore posted in Q4 FY24. Revenue from operations climbed 36.38% year on year (YoY) to Rs 4,003.93 crore in the quarter ended 31 March 2025.
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Business Standard
30-06-2025
- Business
- Business Standard
Waaree Energies shares advance 5% as unit bags 540 MW solar module order
Shares of Waaree Energies rose over 5 per cent on Monday after its subsidiary secured an order for the supply of 540 Megawatt (Mw) solar modules. The electrical equipment maker's stock rose as much as 5.09 per cent during the day to ₹3,097.4per share, the highest intraday gain since June 20. The stock pared gains to trade 4.6 per cent higher at ₹3,085 apiece, compared to a 0.26 per cent decline in Nifty 50 as of 11:50 AM. Shares of the company gained for the third straight day on Monday and are trading at the highest level since December last year. The counter has risen 8 per cent this year, compared to an 8.2 per cent advance in the benchmark Nifty 50. Waaree Energies has a total market capitalisation of ₹88,826.53 crore, according to BSE data. CATCH STOCK MARKET LATEST UPDATES LIVE Waaree Energies unit secures 540 Mw solar module order Waaree Solar Americas, the wholly owned US subsidiary of Waaree Energies, received an international order for the supply of 540 Mw of solar modules, according to an exchange filing. The order was secured from a US-based developer and owner-operator of utility-scale solar and energy storage projects, it said in the statement. According to the company, the one-time order involves the supply of 270 Mw of solar modules in 2025, with the remaining 270 Mw scheduled for delivery during 2027–2028. Earlier this month, Waaree Solar Americas received an order for the supply of 599 Mw solar modules. The delivery of the module supply is scheduled to take place in the calendar year 2026. Waaree Energies Q4 performance The company reported a 34 per cent rise in its net profit for the fourth quarter ended March 31, 2025, to ₹618.91 crore as compared to ₹461.52 crore a year ago. Its consolidated revenue increased 36 per cent year-on-year (Y-o-Y) to ₹4,003.93 crore as compared to ₹2,935.84 crore a year ago. The Earnings before interest, tax, depreciation, and amortisation (Ebitda) for Q4 stood at ₹1,059.57 crore as against ₹489.94 crore a year ago, up 116.27 per cent Y-o-Y. ALSO READ | About Waaree Energies Established in 1990, Waaree Energies is India's leading renewable energy company, accelerating the global energy transition. Headquartered in Mumbai, it operates manufacturing facilities with an installed capacity of 15 gigawatt (Gw) for solar PV modules and 5.4 Gw for solar cells.
Business Upturn
30-06-2025
- Business
- Business Upturn
Waaree Energies shares jump 3% after its subsidiary wins 540MW solar module order in US
By Aman Shukla Published on June 30, 2025, 09:20 IST Waaree Energies saw its shares climb 3% in morning trade after announcing a major international order secured by its U.S. subsidiary, Waaree Solar Americas. As of 9:20 AM, the shares were trading 2.82% higher at Rs 3,030.50. The deal, confirmed on June 27, 2025, is for the supply of 540MW of solar modules to a prominent U.S.-based developer known for utility-scale solar and energy storage projects. While the customer's name hasn't been disclosed, the company is described as a key player in the American renewable energy space. According to Waaree's exchange filing, the order is split across timelines—270MW will be delivered in 2025, and the remaining 270MW will be supplied between 2027 and 2028. This is a one-time contract and forms part of Waaree's broader strategy to expand its global reach. The company also clarified that the deal does not involve any related parties, nor do any promoter group entities have a stake in the customer awarding the order. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
