The deal, finalized on June 27, will likely be executed via a one-time worldwide provide association. Waaree Photo voltaic Americas will ship 270 MW of modules in 2025, with the remaining 270 MW scheduled for 2027–2028, the corporate disclosed in a inventory trade submitting on Friday.
This newest deal provides to Waaree’s current string of worldwide wins. Up to now few weeks, the corporate has secured two different giant U.S. orders, one for 586 MW and one other for 599 MW of photo voltaic modules. The flurry of contracts comes as Waaree seems to ramp up its presence within the North American market.
The corporate can also be doubling its manufacturing capability at its Brookshire, Texas, facility to three.2 gigawatts (GW) by the top of 2025.
In an announcement issued earlier final week, Waaree reaffirmed its compliance with U.S. commerce rules, together with Overseas Entity of Concern (FEOC) guidelines, and disclosed that its order e book now stands at 25 GW via 2027.
In the meantime, in early commerce as we speak, the inventory rose 2% to Rs 3,199.10, however later slipped to Rs 3,092, down 1.5% as of 11:04 am.
Waaree Energies shares worth goal
In response to Trendlyne, the inventory has a mean goal worth of Rs 2,602, suggesting a possible draw back of round 16%. 4 analysts presently maintain a ‘Promote’ ranking on the inventory.
Regardless of the bearish outlook, Waaree Energies reveals bullish technical momentum. The inventory is buying and selling above all key shifting averages (5-day to 150-day SMAs), and the Relative Energy Index (RSI) stands at 65.1—indicating robust momentum however not but in overbought territory.
Waaree shares have gained 11% previously two weeks and 30% during the last three months. The corporate’s present market capitalisation stands at Rs 89,056 crore.
