Waaree Energies Shares Surge 3% on Major 540 MW U.S. Solar Contract Win

Waaree Energies just made headlines. Its shares jumped nearly 3% after a big win in the U.S. solar market. The company’s American branch landed a huge 540 MW solar module contract with a top U.S. developer. That’s a big deal, not just for Waaree, but for India’s clean energy push too.

We often hear about Indian companies making waves at home. But this time, Waaree is shining on a global stage. The deal isn’t just about numbers; it shows Waaree’s strong growth and serious plans for the U.S. market. Half the modules will be delivered next year, and the rest by 2027–28. This gives the company long-term business and strong visibility.

We’ll what this deal means, why investors responded so strongly, and how Waaree is reshaping the future of the solar industry. Whether you’re an investor, a student, or just someone who cares about green energy, this is a story worth knowing. Let’s break it down.

Waaree’s 540 MW Deal Lights Up U.S. Stage

Waaree Energies saw its shares climb about 3–5% on June 30, after its U.S. arm won a 540 MW solar module contract. The deal is with a top U.S. utility-scale solar and storage developer. Investors cheered as the stock hit an intraday high of around ₹3,048–₹3,092.

This is not Waaree’s first U.S. success. In recent weeks, the firm also secured deals for 586 MW (from Pine Gate Renewables) and 599 MW of modules. Together, these wins show Waaree is rapidly growing its North American presence.

Market Response: Shares Rally and Technical Bias

The share rally extended a broader upward trend, with a 22–32% gain from its April low of ₹1,863. On June 30, the stock traded ~5% higher, reaching ₹3,092 by midday. High volumes, around 50 lakh shares, pushed the market cap close to ₹90,000 cr.

Technicals looked solid. The stock has stayed above key moving averages, with RSI and MACD indicating steady bullish momentum.

Deal Details: Deliveries Over Time

This is a one-time module supply contract for 540 MW. Delivery is split equally: 270 MW in 2025, and the rest by 2027–28. The buyer remains unnamed, but is described as “renowned.” Waaree confirmed it’s not a related party deal.

U.S. Strategy: Scaling Fast in Texas

We are seeing a clear strategy at play. Waaree is rapidly expanding its Brookshire, Texas, plant:

• In April, the board approved adding 1.6 GW of capacity, doubling output to 3.2 GW.
• By FY 2026, the goal is to reach 3 GW in Texas, even amid changing tax incentives under the Inflation Reduction Act.
• The facility supports U.S. tax rules by localizing cell input and module assembly.

Together, these steps give Waaree flexibility to meet U.S. demand and avoid trade hurdles.

Financial Impact & Long-Term Growth

This contract phases revenue into 2025 and 2027–28, improving visibility on medium-term cash flows. Waaree also has a global order book of 25 GW (₹47,000 cr), with over half from North America.

In Q4 FY25, Waaree posted a 34% rise in consolidated net profit (₹619 cr vs ₹462 cr YoY), and a 36% jump in revenue to ₹4,004 cr.

Increasing U.S. exposure helps diversify from India, where policy and demand cycles fluctuate. But reliance on one-off orders brings execution risks.

Solar’s Competitive Landscape

The U.S. solar space is crowded and competitive. Still, Waaree is winning big by combining strong U.S. manufacturing, trusted quality, and supply-chain compliance. Other large manufacturers are also tapping U.S. demand, but Waaree’s recent wins total ~1.7 GW, impressive momentum.

The Texas facility positions Waaree well to bid on more utility-scale projects, helping shift from exporter to American-made supplier.

Outlook & What’s Next

Analysts expect:

• Smooth execution of the 2025 module delivery.
• Continued contract wins to avoid revenue gaps.
• Margin monitoring, as U.S. incentives change under the IRA.

Upcoming catalysts:

• Updates on plant ramp-up and 586/599 MW order delivery.
• New announcements from the Texas facility or the Indian export division.

To sum up:

•  Short term: share price moves with delivery progress and new contracts.
•  Mid-term: Texas’s capacity towards 5 GW by 2027 adds strategic depth.
• Long term: global scale and U.S. capacity could boost earnings and valuation.

Conclusion

We see Waaree’s 540 MW contract as a big step in its global journey. The share jump shows the market values its U.S. strategy. With Texas factory scaling and strong order flow, Waaree is transforming from an Indian exporter to a global solar powerhouse. Execution holds the key. But if it stays on track, the company could be a major player in clean energy for the years ahead.

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This content is for informational purposes only and not financial advice. Always conduct your research.