Archive · 18 Nov 2025
Renewable Energy: Waaree vs Premier - Strong Q2, Divergent Strategies
Two big renewable energy companies, Waaree Energies and Premier Energies, had a great second quarter this year.
Waaree makes most of its money from selling solar panels and cells overseas, while Premier focuses more on selling to customers in India.
Both companies are planning to make more solar cells and panels, but Waaree wants to do this on a bigger scale.
Analysts think both companies' stocks could go up in value, but Waaree's might go up more.
Both Waaree Energies and Premier Energies reported strong Q2 FY26 results with significant revenue and profit growth.
Waaree Energies has a more diversified order book with 60% from overseas customers, while Premier Energies is heavily reliant on domestic orders.
Premier Energies' stronger cell contribution supports earnings, while Waaree Energies' performance is sensitive to shifts in multiple geographies.
Premier Energies revised its cell expansion plan to 7 GW, funded through internal accruals, showing financial prudence.
Analysts see potential upside in both stocks, with Waaree Energies having about 41.5% and Premier Energies around 32.6% based on average FY27-FY28 earnings.
- Who
- Waaree Energies and Premier Energies
- What
- Released Q2 FY26 financial results and expansion plans
- When
- Q2 FY26 (September quarter)
- Where
- Stock market and solar energy industry
- Why
- To report financial performance, provide analysis on their stock valuation, and outline future growth strategies
Waaree Energies
Premier Energies
Order Book Composition
Waaree Energies
60% overseas, 40% domestic
Premier Energies
100% domestic
Cell Expansion Plan
Waaree Energies
10 GW by 2027, including wafer-ingot facilities
Premier Energies
7 GW by December 2027, entering BESS in smaller steps
Analyst Target Price
Waaree Energies
Rs 4,654 (41.5% upside)
Premier Energies
Rs 1,321 (32.6% upside)
- Waaree Energies Q2 Revenue
- Rs 6,226.54 crore
- Waaree Energies Q2 EBITDA
- Rs 1,567.30 crore
- Waaree Energies Q2 PAT
- Rs 878.21 crore
- Premier Energies Q2 Revenue
- Rs 1,836.86 crore
- Premier Energies Q2 EBITDA
- Rs 645.38 crore
- Premier Energies Q2 PAT
- Rs 353.44 crore
- Waaree Energies Target Price
- Rs 4,654
- Premier Energies Target Price
- Rs 1,321
