Waaree Energies Share Price Falls 10%, Premier Energies Down 4% on US Policy Shock

Indian clean energy firms Premier Energies and Waaree Energies saw a sharp drop in stock prices following major losses among US solar companies, triggered by a new tax bill introduced by former US President Donald Trump.

Indian Solar Stocks Tumble on US Policy Jitters

Shares of Premier Energies and Waaree Energies fell significantly on May 23, after US-based clean energy giants faced steep declines overnight. The slump in US stocks followed the narrow passage of a new tax bill in the House of Representatives, proposed by former President Donald Trump.

The bill aims to dismantle several clean energy incentives that were established under the Biden Administration’s Inflation Reduction Act. Key US players like Sunrun and NextEra Energy, leaders in rooftop solar and utility-scale renewable projects respectively, witnessed drops ranging from 7% to a staggering 37% in a single trading session.

Why the Tax Bill Is a Game Changer

The proposed legislation seeks to eliminate:

• Federal funding for clean energy development
• Grants targeted at reducing emissions and purchasing electric vehicles
• The 30% tax credit for residential solar rooftop installations

These changes have raised serious concerns for companies with strong US market ties.

Impact on Indian Players

Waaree Energies, with a significant export exposure, took a hard hit falling as much as 10% in intraday trading. The company’s ₹47,000 crore order book for FY26 includes 57% from the export market, mostly reliant on the US.

As per media reports the tax reform could sharply reduce demand for both rooftop and utility-scale solar installations in the US. The US export opportunity may now be contracting sooner than expected, the report further added.

Premier Energies, despite having negligible export exposure, also saw its stock drop by around 4.5%, impacted by broader sector sentiment.

Share Price Performance

Shares of Premier Energies Limitedand Waaree Energies Limited were under pressure amid global clean energy sector concerns. Premier Energies' share price fell by 2.54%, dropping ₹27.50 to ₹1,056.00 at noon on the NSE. The stock opened at ₹1,050, touched a high of ₹1,065.00 and a low of ₹1,022 in early trade, with a volume-weighted average price (VWAP) of ₹1,045.48.

Meanwhile, Waaree Energies experienced a steeper decline, losing 6.33% or ₹189.80 to trade at ₹2,807.10. The stock opened at ₹2,875, reached a high of ₹2,914.70 and a low of ₹2,664.00.

Read More: Waaree Renewable Share Price in Focus Today; Launches Subsidiary 'Sunsational Power'.

Conclusion

The ongoing developments in US policy, particularly around clean energy incentives, have raised red flags for Indian solar exporters. As the bill moves to the US Senate for further deliberation, investors and industry stakeholders will closely monitor the outcome, given its potential to reshape the future of cross-border renewable energy trade.

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