Archive · 4 Sep 2025
Nomura Initiates Coverage: Waaree Energies a Buy
Analysts at Nomura are recommending investors buy shares of Waaree Energies, a major solar module manufacturer in India, with a price target of Rs 3,710.
They are also recommending a neutral stance on Premier Energies, another company in the solar sector, setting a price target of Rs 1,100.
This recommendation is based on the growth of the solar sector in India, which is expected to increase significantly in the coming years.
Waaree Energies is expanding its production capacity and is expected to continue to grow.
Premier Energies is also increasing its capacity and has an efficiency advantage.
However, they also note that increased competition and external factors could affect the company.
Nomura initiated coverage on Indian solar module makers.
Waaree Energies receives a Buy rating with a target price of Rs 3,710.
Premier Energies receives a Neutral rating with a target price of Rs 1,100.
India's solar capacity is projected to rise to 293 GW by FY30.
Waaree Energies has significant expansion plans, including cell and wafer capacity.
- Who
- Nomura analysts.
- What
- Initiated coverage on Indian solar module makers, assigning ratings and target prices.
- When
- Coverage initiated recently.
- Where
- India.
- Why
- Due to rising power demand, shift to renewables, competitive tariffs, and supportive government policies.
- Waaree Energies Rating
- Buy
- Waaree Energies Target Price
- Rs 3,710
- Premier Energies Rating
- Neutral
- Premier Energies Target Price
- Rs 1,100
- Indian Solar Capacity (FY25 Projection)
- 106 GW
- Indian Solar Capacity (FY30 Projection)
- 293 GW
- Waaree Energies Module Capacity (June 2025)
- 14.9 GW
- Waaree Energies Cell Capacity (June 2025)
- 5.4 GW
