Archive · 7 Aug 2025
Waaree Energies Stock: Brokerages Remain Bullish After Recent Dip
Imagine a company, Waaree Energies, that makes solar panels.
Experts from different investment companies think this company's stock price will go up.
They say the company is doing well because more people want solar panels, and Waaree is a big player in India.
These experts believe the company will continue to grow, and they set prices they think the stock could reach.
The company has a lot of orders and plans to make even more solar panels in the future.
Brokerages like Chola Securities and UBS are bullish on Waaree Energies, suggesting to buy the stock.
Chola Securities has set a target price of Rs 3,850, indicating a potential 24% upside.
UBS initiated coverage with a price target of Rs 4,400, implying a 42% upside.
Waaree Energies is India's largest solar module manufacturer with 15-18% market share.
The company has a strong order book of Rs 49,000 crore and plans to expand its module manufacturing capacity.
- Who
- Chola Securities and UBS, along with Waaree Energies.
- What
- Brokerages are recommending Waaree Energies stock.
- When
- As of recent trading sessions, following its IPO in October 2024.
- Where
- India and internationally, particularly the US and the Middle East.
- Why
- Brokerages are positive due to Waaree's market position, growth prospects, and integrated capabilities in the renewable energy sector.
Analysts' Perspective
Current Market Conditions
Stock Performance
Analysts' Perspective
Positive outlook; potential for significant stock price appreciation.
Current Market Conditions
Acknowledges recent stock dip, but sees growth potential.
- Stock Price Drop (Recent)
- Nearly 4%
- Market Capitalization (approx)
- Rs 90,000 crore
- Chola Securities Target Price
- Rs 3,850
- UBS Price Target
- Rs 4,400
- IPO Price (Oct 2024)
- Rs 1,503
- Waaree Energies Market Share (India)
- 15-18%
- Order Book Value
- Rs 49,000 crore
- Module Manufacturing Capacity Plan (FY27)
- 26 GW