Archive · 2 Jun 2025
Waaree Energies Shares Surge After $176M Solar Module Order
Imagine a company called Waaree Energies that makes solar panels.
Their American branch got a big order worth $176 million to supply solar panels.
This company will provide these panels to a US company that builds solar farms.
The panels will start to be delivered in a few years, in 2027.
Besides that, Waaree Energies is buying another company that makes transformers.
When companies get good news like this, it often makes their stock prices go up!
The price of Waaree Energies shares went up by about 7% on Thursday.
Waaree Energies' subsidiary, Waaree Solar Americas, received a $176 million order for solar modules.
The order is from a U.S.-based developer of solar and energy storage projects.
The supply of solar modules is scheduled to begin in the financial year 2027.
The company's board approved the acquisition of Kamath Transformers Pvt. Ltd.
Waaree Energies shares gained nearly 7% on Thursday, May 29.
- Who
- Waaree Energies and its subsidiary Waaree Solar Americas.
- What
- Waaree Solar Americas received a $176 million order for 586 MW of solar modules and acquired Kamath Transformers Pvt. Ltd.
- When
- The order was received recently, with supply beginning in the financial year 2027.
- Where
- United States and India.
- Why
- To fulfill the $176 million order and expand its business.
- Company
- Waaree Energies Ltd.
- Subsidiary
- Waaree Solar Americas
- Order Value
- $176 million
- Modules to be Supplied
- 586 MW solar modules
- Customer
- Developer and owner-operator of utility scale solar and energy storage projects
- Share Price Increase
- 6.97% intraday on Thursday May 29
- Kamath Transformers Acquisition
- ₹293 crore