Posted on February 20, 2025, by Niftynews
Waaree Energies share price has seen a significant boost, rising 4.5% after the company announced a major order for solar modules. This deal, valued at 362.5 MWp, has garnered attention from investors, highlighting Waaree Energies’ growing presence in the renewable energy sector. In this article, we’ll take a closer look at this exciting development, the company’s recent performance, and what this means for the future of Waaree Energies shares.
Why Waaree Energies Share Price is Surging
The announcement of a substantial order has caused the Waaree Energies share price to rise sharply. On February 20, 2025, the stock surged by 4.44%, reaching ₹2,319 per share. This growth is directly linked to the company securing a significant order for the supply of 362.5 MWp of solar modules. Waaree Energies has received the order from a leading Indian player in the renewable energy industry, although the customer’s identity hasn’t been revealed yet.
This order represents a big win for Waaree Energies, confirming its leadership in the solar power sector in India. With the increasing shift towards clean energy solutions, this deal positions Waaree Energies to meet the growing demand for solar energy, further cementing the company’s role in India’s renewable energy growth.
Details of the Solar Modules Order
The recent order involves supplying solar modules for a capacity of 362.5 MWp, scheduled to commence in FY26. While the identity of the client remains undisclosed, Waaree Energies has stated that the customer is a well-established entity involved in owning, developing, and operating renewable power projects in India. This deal demonstrates the expanding demand for solar PV modules in India’s clean energy transition.
As the solar market grows, Waaree Energies continues to position itself as a leading supplier of high-quality solar modules. This order is expected to bolster the company’s market share and reputation as a reliable partner in India’s green energy future.
Strong Financial Growth Boosts Waaree Energies Share Price
In addition to the recent order, Waaree Energies share price benefits from the company’s strong financial results for the December 2024 quarter. The company reported a dramatic increase in net profit, rising to ₹5,068.76 crore from ₹1,408.05 crore in the same period last year. Additionally, total income surged to ₹35,452.65 crore, nearly doubling from ₹16,517.74 crore.
This impressive financial growth reinforces investor confidence in the company’s prospects. Waaree Energies is capitalizing on India’s growing renewable energy market, and its strong performance is a testament to its strategic position in the solar industry.
Waaree Energies Market Debut and IPO Success
Waaree Energies made a spectacular debut on the stock market in October 2024. The company’s IPO was oversubscribed by 76.34 times, reflecting high demand for shares. Waaree Energies raised ₹4,321.44 crore through the offering, which included both a fresh issue of equity and an Offer-for-Sale (OFS) of shares by promoters and existing shareholders.
The company’s shares performed exceptionally well on the debut day. Listed at ₹2,550 on the BSE, the stock jumped as much as 72.98% during the day, eventually closing at ₹2,336.80, up 55.47%. On the NSE, the stock opened at ₹2,500, surging 66.33% and ended 56% higher at ₹2,345.
This strong IPO debut has set the tone for the company’s future growth and has drawn attention to Waaree Energies as a leading player in the solar power market in India.
What’s Next for Waaree Energies? Future Outlook
With its solar modules order and impressive financial results, Waaree Energies is poised for further growth. The company plans to establish a 6 GW manufacturing facility in Odisha, which will help increase production capacity to meet the rising demand for solar panels. This facility will enable Waaree Energies to manufacture ingot wafers, solar cells, and solar PV modules, playing a key role in meeting India’s renewable energy targets.
Moreover, the company continues to expand its operations across India, with manufacturing facilities located in Surat, Tumb, Nandigram, and Chikhli in Gujarat, as well as in Noida, Uttar Pradesh. These expansions will help Waaree Energies scale its production and contribute to India’s energy transition to cleaner sources.
Conclusion: Waaree Energies Share Price on the Rise
Waaree Energies share price has been steadily climbing, reflecting the company’s solid market position and continued growth in the solar energy sector. With the new solar module order and strong financial results, the company is well-positioned to play an even larger role in India’s clean energy transition.
For investors, Waaree Energies continues to offer an exciting growth story in the renewable energy market. As the world moves towards cleaner energy solutions, Waaree Energies shares represent a promising opportunity to participate in India’s solar revolution.
