Waaree Energies secures 692 MW of solar module orders
WAAREEENER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.9 pts more than Nifty Midcap 150 and 1.5 pts more than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Waaree Energies received domestic orders for 220 MW, 210 MW and 140 MW of solar modules from renewable power developers in India. Its wholly owned subsidiary Waaree Solar Americas also received a 122 MW order from a US solar and storage developer. The one-time orders are to be supplied in FY 2025-26 and FY 2026-27. Values were not disclosed.
The orders support future sales and business growth, but their effect on profit cannot be assessed because values and margins were not disclosed.