Waaree Energies Share Price Jumps over 6%; Secures USD 176 Million Solar Module Order for US Market

Waaree Energies Limited, a prominent name in India’s solar energy sector, has achieved a significant breakthrough through its wholly owned subsidiary, Waaree Solar Americas. On May 28, 2025, the company received a large-scale order to supply 586 MW of solar modules to a leading developer and operator of utility-scale solar and energy storage projects across the United States.

Waaree’s Growing Global Presence

The order, valued at USD 176 million, is a one-time contract with deliveries scheduled to begin in the financial year 2026-27. This milestone deal underlines Waaree’s expanding footprint in the competitive US renewable energy market, which continues to experience rapid growth driven by increasing demand for clean energy solutions.

Details of the Supply Contract

The contract requires the supply of high-quality solar modules designed for utility-scale projects, reflecting Waaree’s technological and manufacturing capabilities. The customer is an internationally recognised entity specialising in large-scale solar and energy storage development and operations.

Notably, this contract is free from any related party concerns, with no promoter or group company interests involved, ensuring a transparent, arm’s length transaction.

Strategic Importance for Waaree Energies

This significant order not only enhances Waaree Energies’ international business portfolio but also boosts investor confidence in the company’s ability to execute large-scale projects overseas.

The deal aligns with Waaree’s vision to lead the global solar energy transition and contribute to sustainable development goals by supplying clean, reliable, and cost-effective renewable energy components.

Execution and Impact

As Waaree Solar Americas prepares to commence module supply from FY 2026-27, stakeholders will keenly observe the company’s operational efficiency and ability to capitalize on emerging global solar opportunities.

This landmark contract positions Waaree Energies as a key player in the renewable energy landscape, with promising growth prospects ahead.

Waaree Energies Share Price Performance

Shares of Waaree Energies Limited surged by 6.56%, rising ₹183.60 to touch a high of ₹2,980.70, driven by positive investor sentiment following a major international order win.

The stock opened at ₹2,817.00, higher than the previous close of ₹2,797.10, and climbed to an intraday high of ₹2,992.30 before slightly easing. The volume-weighted average price (VWAP) stood at ₹2,941.42, reflecting strong trading activity and interest from the market.

Read More: US Trade Court Blocks Most of Trump’s Global Tariffs.

Conclusion

Waaree Energies’ latest contract win marks a pivotal moment in its global expansion strategy, showcasing its competitiveness and capability in delivering high-quality solar solutions at scale.

The sharp uptick in its share price underscores growing investor confidence and reinforces Waaree’s standing as a major force in the clean energy transition. As execution begins in FY 2026–27, market participants will closely monitor the company’s performance in capitalizing on this strategic opportunity.

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