Waaree Energies Limited
WAAREEMainboardSector: Solar & Clean Energy
India's largest solar PV module manufacturer with 13.3 GW operating capacity. Aggressively expanding backward integration into 5.4 GW solar cell manufacturing in Chikhli, Gujarat and setting up 3 GW US module plant under the IRA incentive framework.
Post-Listing Technical Candlestick Chart
NSE: WAAREE (Daily OHLCV)Community Posts (3)
Waaree has been an absolute wealth creator! Almost a double from the issue price of ₹1,503. Their export order book to the United States carries over 35% gross margins. Once their 5.4 GW cell plant commissions in FY25, module margins jump another 300-400 bps.
Even after the post-listing anchor lock-in expired for 30-day investors, the stock did not see any sharp dump. Instead, international clean energy ETFs absorbed supply near ₹2,800. Strong breakout target points towards ₹3,200.
Fantastic execution, but keep in mind US anti-dumping investigations on SE Asian cell imports. If Washington tightens tariff rules on Indian origin components, export realizations could see slight pressure. Long-term domestic ALMM mandate protects them though.