Archive · 20 Aug 2025
Waaree and Premier Energies See Strong Growth: Nuvama Report
Imagine two solar energy companies, Waaree and Premier.
They both made more money (Ebitda) last year due to more people wanting solar panels.
Waaree is doing especially well, making lots of panels and planning to make even more, doubling their revenue.
Premier is also growing, building bigger factories.
An investing company thinks Waaree is a good investment, so they are telling people to buy their stock.
The Indian solar market is looking good, with potential for both companies to do even better.
Waaree Energies' Ebitda grew 81% YoY, driven by demand and efficiencies.
Premier Energies saw a 53% increase in Ebitda, with margin improvements.
Waaree's module production increased 64% YoY, with high cell plant utilization.
Premier Energies is expanding module, cell, ingot, and wafer capacities.
Nuvama recommends a 'Buy' rating for Waaree Energies.
- Who
- Waaree Energies, Premier Energies, and Nuvama Institutional Equities.
- What
- Nuvama report highlights growth in Waaree and Premier Energies' earnings.
- When
- The report discusses Q1 results and future plans.
- Where
- India
- Why
- Driven by increased demand, operational efficiencies, and strategic expansions in the solar energy sector.
Waaree Energies
Premier Energies
Financial Performance and Strategies
Waaree Energies
Benefiting from strategic positioning and able to pass on US tariffs to customers.
Premier Energies
N/A
- Waaree Ebitda Growth
- 81% YoY
- Premier Ebitda Growth
- 53% YoY
- Waaree Cell Plant Utilization
- 80%
- Waaree FY26 Ebitda Guidance
- Rs 5,500–6,000 crore
- Nuvama Rating for Waaree
- 'Buy'
