Waaree Energies ended 10 per cent lower at ₹2,708.55 on the BSE after hitting an intraday low of ₹2,571.45 (down 15 per cent), compared to the previous close of ₹3,025.20.
Premier Energies settled 6 per cent lower at ₹729.05 compared to ₹777.80 earlier, after falling to a low of ₹667.05 during the session. The move sent shockwaves through renewable energy counters amid concerns about export prospects and sales growth.
In a note to the stock exchange, Waaree Energies said the matter remains subject to ongoing proceedings, with the final outcome expected in the coming months. Referring to the preliminary 126 percent levy mentioned in recent media reports from the US Department of Commerce, the company said it had continued to ramp up deliveries for US shipments in 9MFY26 despite the previous imposition of a 50 percent levy. This was made possible by alternative and diversified supply chains that have been developed over the years.
Waaree Energies added that its diversified sourcing strategy remains a core strength, including announced investments in Oman aimed at securing fully traceable, non-Chinese polysilicon supply. The company has also strengthened its manufacturing footprint in the US, with a total module capacity of approximately 2.6 GW, including capacity acquired through the Meyer Burger facility, and plans to scale this to approximately 4.2 GW by the end of FY27. Based on the current order book and internal assessments, the company does not expect a material adverse impact on its ability to meet its U.S. obligations.
Premier Energies said in its response that the developments were sector-wide and not specific to the company. The company clarified that it does not expect any material adverse impact on its business or financial position arising solely from the said news item, while it continues to monitor regulatory and market developments.
Published on February 25, 2026
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