Archive · 23 Dec 2025
Waaree Energies Invests in USH for Strategic Growth
Waaree Energies, a company that makes solar panels, is investing $30 million in a company called United Solar Holding Inc (USH).
This investment will help Waaree Energies make more of the materials they need to build solar panels.
The money will go towards a big factory in Oman that makes a special material called polysilicon.
This factory can make enough material to support making solar panels for 40 GW per year.
A financial advisor named Emkay Global thinks this is a good move for Waaree Energies and gave the company a 'Buy' rating with a target price of Rs 4,260.
The stock price went up a little bit after this news.
The investment is expected to be finished by the end of January 2026.
Waaree Energies invests $30 million in United Solar Holding Inc (USH) for 5.37 million Series B preferred shares.
The investment aims to backward-integrate Waaree's solar PV value chain and support global expansion.
USH's polysilicon plant in Oman has a capacity of 100-ktpa and can support 40 GW per year of module production.
Emkay Global reiterates 'Buy' rating on Waaree Energies with a target price of Rs 4,260.
The transaction is expected to complete by end-January 2026, subject to customary conditions.
- Who
- Waaree Energies
- What
- Investment in United Solar Holding Inc (USH)
- When
- Transaction expected to complete by end-January 2026
- Where
- Oman (Sohar Freezone)
- Why
- To backward-integrate upstream in the solar PV value chain and support global expansion
- Company
- Waaree Energies
- Investment
- $30 million
- Target Company
- United Solar Holding Inc (USH)
- Shares Acquired
- 5.37 million Series B preferred shares
- Estimated Stake
- Under 5%
- Project Location
- Oman (Sohar Freezone)
- Project Capacity
- 100-ktpa polysilicon plant
- Brokerage Firm
- Emkay Global
- Stock Rating
- Buy
- Target Price
- Rs 4,260
