Waaree Energies Shares Surge on 452 MW US Solar Contract Win

1 min read     Updated on 28 Aug 2025, 12:47 PM
scanx
Reviewed by
Riya DeyScanX News Team
whatsapptwittershare
Overview

Waaree Energies Ltd's shares rose 4% to Rs 3,394.00, extending a two-day rally to 7.7%, following a 452 MW solar module order secured by its US subsidiary, Waaree Solar Americas. The contract, to be executed over FY25-26 and FY26-27, adds to recent large US orders totaling 1,725 MW. Waaree is expanding its Texas plant capacity to 3.2 GW by 2025. Q1 FY24 results show strong growth with consolidated net profit up 20.3% QoQ to Rs 745.00 crore and improved operating margins of 22.5%.

17911035

*this image is generated using AI for illustrative purposes only.

Waaree Energies Ltd (NSE: WAAREE) saw its shares jump 4% to Rs 3,394.00, extending a two-day rally to 7.7% following a significant contract win by its US subsidiary. The surge comes on the heels of Waaree Solar Americas securing a 452-megawatt (MW) solar module order from an American renewable energy developer.

Contract Details

The newly secured contract is set to be executed over two fiscal years, spanning FY25-26 and FY26-27. This latest win adds to Waaree's growing portfolio of international orders, reinforcing its position in the global solar energy market.

Recent International Successes

Waaree Energies has been on a winning streak in the international arena, particularly in the United States. The company has recently bagged several substantial orders from American developers:

  • 540 MW order
  • 586 MW order
  • 599 MW order

These consecutive wins underscore the company's strong foothold and growing reputation in the US solar market.

Expansion Plans

In line with its growth trajectory, Waaree is aggressively expanding its production capabilities. The company is in the process of doubling the capacity at its Brookshire, Texas plant. The expansion is expected to increase the plant's capacity to 3.2 gigawatts (GW) by the end of 2025, positioning Waaree to meet the growing demand for solar modules in the US market.

Financial Performance

Waaree Energies has demonstrated robust financial performance in its recent quarterly results:

Metric Q1 FY24 QoQ Change
Consolidated Net Profit Rs 745.00 crore ↑ 20.3%
EBITDA Rs 997.00 crore ↑ 73.4%
Revenue Rs 4,425.00 crore ↑ 10.5%
Operating Margins 22.5% ↑ from 14.3%

The company's financial results show significant improvements across key metrics, with a notable expansion in operating margins from 14.3% to 22.5% quarter-over-quarter.

Stock Performance

The positive news has reflected well on Waaree Energies' stock performance:

  • Current Price: Rs 3,394.00
  • 2-Day Gain: 7.7%
  • Year-to-Date Gain: 16.5%
  • 6-Month Gain: 54%

The stock's impressive run showcases investor confidence in Waaree's growth strategy and execution capabilities.

Waaree Energies' latest contract win, coupled with its strong financial performance and expansion plans, positions the company as a significant player in the global solar energy sector. As the world continues to shift towards renewable energy sources, Waaree's growing order book and increasing production capacity suggest a promising outlook for the company.

Historical Stock Returns for Waaree Energies

1 Day5 Days1 Month6 Months1 Year5 Years
-0.45%+6.69%+7.23%+57.61%+45.45%+45.45%
Waaree Energies
View in Depthredirect
like20
dislike

Waaree Energies Secures Massive 452MW Solar Module Supply Order for US Market

1 min read     Updated on 26 Aug 2025, 01:50 PM
scanx
Reviewed by
Shriram ShekharScanX News Team
whatsapptwittershare
Overview

Waaree Energies' subsidiary, Waaree Solar Americas, has received an order for 452MW of solar modules from a prominent US-based developer. The supply will be delivered over FY 2025-26 and FY 2026-27. This order marks a significant step in Waaree's international expansion, particularly in the competitive US market. The company has also announced upcoming investor interactions, including participation in the Motilal Oswal Annual Global Investor Conference and a plant visit for investors.

17742007

*this image is generated using AI for illustrative purposes only.

Waaree Energies Limited , a prominent player in the solar energy sector, has announced a significant milestone in its international expansion efforts. The company's wholly-owned subsidiary, Waaree Solar Americas, has secured a substantial order for the supply of 452MW of solar modules to a renowned customer in the United States.

Order Details

The order, received on August 26, 2025, comes from a well-established developer and owner-operator of utility-scale solar and energy storage projects across the United States. This development marks a significant step for Waaree Energies in strengthening its foothold in the American renewable energy market.

Supply Timeline and Scope

According to the company's disclosure to the stock exchanges, the supply of the 452MW solar modules is scheduled to take place over two financial years:

  • Financial Year 2025-26
  • Financial Year 2026-27

This extended timeline suggests a large-scale, phased implementation of solar projects by the US-based customer.

Strategic Importance

The order is particularly noteworthy for several reasons:

  1. International Expansion: It underscores Waaree Energies' growing presence in the international market, particularly in the United States, which is one of the world's largest and most competitive solar markets.

  2. Product Quality: The selection by a renowned US-based developer speaks to the quality and reliability of Waaree's solar modules, meeting the stringent standards of the American market.

  3. Business Growth: This large order is likely to have a positive impact on Waaree Energies' revenue and market position in the coming years.

Company's Disclosure

In compliance with regulatory requirements, Waaree Energies has provided detailed information about the order to the BSE Limited and the National Stock Exchange of India Limited. The company has clarified that this is a one-time order and does not fall under related party transactions.

Investor Relations

In related news, Waaree Energies has also announced upcoming interactions with analysts and investors:

  • The company will participate in the Motilal Oswal 21st Annual Global Investor Conference on September 2, 2025, in Mumbai.
  • A group of investors will visit Waaree's manufacturing plant in Chikhli, Navsari, Gujarat on August 29, 2025.

These events indicate the company's commitment to maintaining transparent communication with its stakeholders and the investment community.

As Waaree Energies continues to expand its global footprint, this significant order from the US market positions the company for potential growth and increased visibility in the international solar energy sector.

Historical Stock Returns for Waaree Energies

1 Day5 Days1 Month6 Months1 Year5 Years
-0.45%+6.69%+7.23%+57.61%+45.45%+45.45%
Waaree Energies
View in Depthredirect
like19
dislike
More News on Waaree Energies
Explore Other Articles
3,402.00
-15.30
(-0.45%)