Waaree energies Limited has secured a substantial order for supply of 105 MW solar modules from a prominent domestic renewable energy company. The order was received on January 08, 2026, marking another significant business development for the solar module manufacturer.

Order Details and Specifications

The contract involves supply of solar modules to a renowned customer engaged in the business of owning, developing and operating renewable power projects across India. The delivery timeline has been set for Financial Year 2025-26, ensuring timely execution of the supply commitment.

Contract Structure and Commercial Terms

The agreement represents a one-time contract with a domestic entity, focusing specifically on solar module supply. The customer is described as a renowned player in India's renewable energy sector, with established operations in developing and operating renewable power projects.

Key aspects of the contract include:

• Supply of 105 MW capacity solar modules
• Delivery scheduled within Financial Year 2025-26
• Contract with domestic renewable energy developer
• One-time supply arrangement

Regulatory Compliance and Transparency

Waaree Energies has confirmed full compliance with regulatory disclosure requirements under Regulation 30 of SEBI Listing Regulations. The company has clarified that this contract does not fall under related party transactions, with no interest from promoter groups or group companies in the customer entity.

The transaction maintains arm's length commercial terms, ensuring transparent business practices. The company has made the information available on its official website as part of standard disclosure protocols.

Market Positioning and Business Impact

This order reinforces Waaree Energies' position in India's solar module supply chain, particularly in serving domestic renewable energy developers. The 105 MW capacity represents substantial business volume, contributing to the company's order book for the current financial year.

The contract with an established renewable power project developer demonstrates continued demand for solar modules in India's expanding renewable energy sector. The one-time nature of the contract provides immediate business impact while maintaining flexibility for future engagements.

Waaree Energies shares have experienced significant volatility, declining 15% over nine consecutive trading sessions despite successfully raising ₹1,003.00 crores for a major lithium-ion battery manufacturing facility expansion. The stock fell to as low as ₹2,642 on January 6, highlighting the disconnect between corporate developments and market sentiment.

Stock Performance and Technical Analysis

The sustained selloff has persisted for nine straight sessions, with shares sliding as much as 2.7% in the latest trading session. The cumulative decline of 14.6% over this period reflects persistent bearish sentiment despite positive corporate announcements.

From a technical standpoint, Waaree Energies is displaying strong bearish signals across multiple timeframes. The stock is currently trading below all eight key simple moving averages, including short-term indicators like the 5-day and 10-day SMAs, as well as long-term measures such as the 150-day and 200-day SMAs.

Major Funding Initiative Details

The company's subsidiary, Waaree Energy Storage Solutions, successfully secured ₹1,003.00 crores from strategic investors, including high-net-worth individuals, family offices, and institutional backers. This funding announcement came on January 5, even as the stock continued its downward trajectory.

The fundraise forms part of Waaree's broader ₹10,000 crore capital expenditure plan to establish a 20 GWh advanced lithium-ion cell and battery pack manufacturing facility. The proposed plant will focus on producing high-performance cells and battery packs for utility-scale storage systems, electric mobility, and distributed energy applications.

Strategic Market Positioning

With this investment, the Waaree Group is positioning itself as a fully integrated energy transition player, spanning solar modules, inverters, batteries, energy storage systems, and emerging clean energy technologies. The integration of storage manufacturing is expected to strengthen the company's ability to deliver end-to-end solutions critical for grid stability and renewable energy penetration.

Waaree Energies was also among four stocks added to the National Stock Exchange's futures and options segment, with contracts becoming effective from December 31. The other additions included Bajaj Holdings and Investment, Premier Energies, and Swiggy. Inclusion in the derivatives segment typically improves liquidity, visibility, and trading opportunities while allowing investors to hedge their portfolios.

Market Disconnect

The sustained selling pressure despite positive corporate developments highlights the complex dynamics affecting investor sentiment. The technical indicators suggest the stock has entered oversold territory, with the RSI at 27.1 falling below the widely watched 30 mark that often signals potential rebound opportunities.