Waaree Energies Share Price Rises as Its US Arm Bags 599 MW Solar Module Order

On June 11, 2025, Waaree Energies Ltd announced that its fully owned US-based subsidiary, Waaree Solar Americas, has secured a major order to supply 599 MW of solar modules.

Order Details and Timeline

The order was placed by a well-known US developer that owns and operates large-scale solar and energy storage projects. The delivery of the modules is planned for 2026.

Waaree Energies Financial Performance and Order Book

Earlier in April, the company reported a 34% year-on-year jump in net profit, reaching ₹619 crore for the January–March quarter. Its order book stood at 25 GW, valued at ₹47,000 crore.

FY26 Outlook

Amit Paithankar, Whole-time Director and CEO of Waaree Energies, stated that their EBITDA for FY26 is expected to be between ₹5,500 crore and ₹6,000 crore, thanks to the quality of their order pipeline and execution strength.

About Waaree Energies Limited

Waaree Energies Limited, established in December 1990, is an Indian company specialising in the production of solar photovoltaic (PV) modules. It has a total installed manufacturing capacity of 12 GW and operates five solar module production facilities across India, along with a global presence.

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Waaree Energies Share Price

As of June 11, 2025, Waaree Energies share price closed at ₹2,881.70, up by ₹43.80 or 1.54% for the day. The stock opened at ₹2,850.00 and touched a high of ₹2,956.80, while the low for the day was ₹2,849.90. The company has a market capitalisation of ₹82,910 crore and a price-to-earnings (P/E) ratio of 42.40. It does not offer a dividend yield. Over the past year, the stock has traded between a 52-week low of ₹1,863.00 and a 52-week high of ₹3,743.00.

Conclusion

Waaree Energies continues to strengthen its global footprint with large-scale international orders. The latest US deal boosts confidence in its growth prospects and reinforces its strong position in the renewable energy sector.

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