Waaree Energies shares cool off after yesterday’s rally after new US contract win 

Waaree Energies shares declined 1.35 per cent to ₹3,097 during Tuesday’s trading session, cooling off from yesterday’s strong rally after securing a significant 540 MW solar module supply contract from a prominent US developer.

The company’s US subsidiary, Waaree Solar Americas, bagged the order from a developer and owner-operator of utility-scale solar and energy storage projects across the US. The contract involves phased delivery with 270 MW scheduled for 2025 and the remaining 270 MW during 2027-2028.

Tuesday’s decline appears to be profit booking after yesterday’s surge, when shares opened at ₹3,178 and touched a high of ₹3,197 against the previous close of ₹3,139.40. The stock traded in a volatile range between ₹3,080 and ₹3,197 during the session.

This latest contract adds to Waaree’s recent international successes, including multiple large US orders of 586 MW and 599 MW in recent weeks. The company plans to double its manufacturing capacity at its Brookshire, Texas facility to 3.2 GW by end-2025 and maintains a robust order book of 25 GW through 2027.

The stock showed heavy selling pressure with sell quantity at 3.8 lakh shares against buy quantity of 1.26 lakh shares. Trading volume reached 24.57 lakh shares worth ₹771.30 crore, with deliverable quantity at 40.98 per cent of traded volume.

Published on July 1, 2025