Waaree Energies Share is in Focus, Why?

Waaree Energies' share price traded higher in early trade on February 20, following strong financial performance and a new order for solar module supply. At 09:20 AM, the stock was quoting at ₹2,248.80, up ₹28.30 or 1.27% on the BSE. The rise in Waaree Energies share price comes after the company secured a major order from Khaba Renewable Energy, a subsidiary of Engie India, for the supply of 362.5 MWp solar modules. The supply is expected to commence in FY 2025-26, further strengthening Waaree Energies' position in the renewable energy sector.

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The company has also expanded its manufacturing capabilities, setting up a 1.40 GW solar cell manufacturing facility at its Gujarat plant, which commenced operations on February 7, 2025. This facility is expected to boost production capacity and meet the growing demand for solar energy solutions in India.

In another significant development, Waaree Clean Energy Solutions, a wholly owned subsidiary, received a Notification of Award (NOA) from the Solar Energy Corporation of India Limited (SECI). The award is for the production of 90,000 MT per annum of Green Hydrogen under the Strategic Interventions for Green Hydrogen Transitions (SIGHT) Scheme (Model-1, Tranche-II). This move aligns with India's push toward clean energy and further enhances Waaree Energies' role in the country's renewable energy landscape.

Financially, the company has shown strong growth, reporting a four-fold surge in net profit in the December quarter, reaching ₹492.7 crore, compared to ₹124.5 crore in the same period last year. Revenue also saw a 116% jump, reaching ₹3,457.28 crore, a significant increase from ₹596.18 crore in the previous year. The strong financial performance reflects higher demand for solar modules and an expanding order book, reinforcing investor confidence in the company’s future prospects.

To Summarize

With increasing focus on renewable energy, solar manufacturing, and green hydrogen, Waaree Energies continues to expand its market presence and solidify its leadership in the clean energy sector. The stock’s positive momentum reflects strong investor sentiment, driven by recent business expansions, new orders, and robust financial performance.