Waaree Energies Ltd has solidified its position as India's leading solar module supplier, capturing a 14% market share in the first half of fiscal year 2025. This achievement comes amidst significant growth in India's solar energy sector, highlighting Waaree's strong performance in a rapidly expanding market.

India's Solar Capacity Growth

India's solar energy sector witnessed substantial growth in the April-June 2025 quarter:

• 4.2 GW of new utility-scale solar capacity added
• 1.3 GW of rooftop installations completed
• Cumulative solar capacity reached 91 GW
• Over 70 GW of additional capacity under development

These figures underscore the country's commitment to renewable energy, with India targeting an ambitious 500 GW of renewable energy capacity by 2030.

Waaree Energies' Market Position

Waaree Energies has established itself as a major player in the solar industry:

• Maintained 14% market share in H1 FY2025
• Global module manufacturing capacity of 16.7 GW
• Domestic cell manufacturing capacity of 5.4 GW
• Secured significant international orders, including 452 MW in the United States

The company's strong manufacturing capabilities and international presence contribute to its leading position in the Indian market.

Industry Outlook

The solar energy sector in India shows promising growth prospects:

• Projected addition of over 30 GW of solar capacity in fiscal year 2026
• Government target of 500 GW renewable energy capacity by 2030

These projections indicate a favorable environment for companies like Waaree Energies to continue expanding their operations and market share.

Stock Performance

Waaree Energies' stock closed at ₹3,392.00, down ₹25.30 or 0.74%. While the share price saw a slight dip, the company's strong market position and the positive outlook for India's solar sector suggest potential for future growth.

As India continues its push towards renewable energy, Waaree Energies' maintained market leadership positions it well to capitalize on the growing demand for solar modules in both domestic and international markets.

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:

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.