WAAREEENER

** Waaree Energies WAAN.NS rises 3.5% to 3,223.5 rupees

** Solar module maker's posts 89% y/y jump in June-quarter consol net profit; rev from ops up 30% y/y

** Stock rated "sell" on avg; median PT is 2,360 rupees, per data compiled by LSEG

** YTD, WAAN 12.5%

(Reporting by Rudra Pratap Singh in Bengaluru)

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July 28 (Reuters) - Waaree Energies Ltd WAAN.NS:

• JUNE-QUARTER CONSOL NET PROFIT 7.45 BILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 44.26 BILLION RUPEES

• APPROVED CAPEX TO SET UP 4 GW CELL PLANT AND 4 GW INGOT WAFER PLANT FOR 27.54 BILLION RUPEES

Source text: ID:nBSE55PzQJ

Further company coverage: WAAN.NS

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July 16 (Reuters) - Waaree Energies Ltd WAAN.NS:

• PROPOSED DEAL REGARDING KAMATH TRANSFORMERS NOT CONSUMMATED

Source text: ID:nBSE4D7Bsg

Further company coverage: WAAN.NS

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June 30 (Reuters) - ** Shares of Waaree Energies WAAN.NS up 6.6% to 3,111 rupees

** Earlier, stock rose to 3,134 rupees, highest since Dec 18

** Solar module maker's U.S. unit Waaree Solar Americas wins order for the supply of 540 MW solar modules from an unidentified local entity

** WAAN did not disclose financial details of the contract

** Trading volume exceeds 5 mln shares, 2x 30-day moving avg

** YTD, stock up 9.3%

(Reporting by Rudra Pratap Singh in Bengaluru)

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** Shares of Waaree Energies WAAN.NS up 5.6%, NTPC Green Energy NTPG.NS up 4%, Hyundai Motor India HYUN.NS rise 2.6%
** WAAN, NTPG, and HYUN among shares being added to FTSE Russell index via quarterly rejig happening on Friday, leading to inflows
** FTSE rejig is expected to result in a net inflow of ~$150 million into India, Nuvama Alternative and Quantitative Research said
** WAAN shares down 1.3% YTD, while NTPG down 15.2% and HYUN up 8.5%

(Reporting by Sethuraman NR in Bengaluru)

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** Shares of Waaree Energies WAAN.NS rise 3.6% to 2940 rupees

** Solar modules maker's U.S. unit Waaree Solar Americas wins order for the supply of 599 MW solar modules from a U.S. entity

** Co did not disclose the financial details of the contract

** Stock up 2.8% YTD

(Reporting by Aleef Jahan in Bengaluru)

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** Shares of Waaree Energies WAAN.NS jump 7.6% to 2,814 rupees

** Solar energy module maker expects its FY26 EBITDA to nearly double to 55-60 billion rupees

** WAAN on Tuesday reported a 36% rise in Q4 profit on the back of strong demand for its modules

** Analysts tracking stock rate it "hold" on avg, same as smaller rival Premier Energies PEME.NS - data compiled by LSEG

** Day's gain narrows WAAN's YTD losses to 0.7%, while PEME trails with a ~23% decline

(Reporting by Nandan Mandayam in Bengaluru)

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** India's Waaree Energies WAAN.NS falls 3% to 2,205.05 rupees, set for fourth consecutive session of losses

** 54% of co's 26.5 GW order book from the U.S., as per ICICI Direct Research

** U.S. imposes 26% reciprocal tariffs on India as part of Wednesday's fresh levies

** ICICI Direct Research says WAAN set up 1.6 GW solar module manufacturing plant in U.S. this year, but not enough to cater to U.S. export demand

** Among other cos, Premier Energies PEME.NS up 1.3%, Apar Industries APAR.NS down 1.2%

** As tariffs imposed across countries, it could be a neutral event for Indian solar exporters: Vikram V, vice-president and co-group head of corporate ratings at ICRA

** WAAN down 23% YTD, while PEME and APAR down 33% and 48%, respectively

(Reporting by Vivek Kumar M)

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** India's Waaree Energies WAAN.NS drops 3.4% to 2,297.25 rupees and Premier Energies PEME.NS sheds 2% to 892.85 rupees

** Bernstein starts coverage on solar module makers with "underperform", citing over supply and risk of higher competition

** Sets PT of 1,902 rupees for WAAN and 693 rupees for PEME

** Globally, demand is ~600 GW, with capacity in excess of 1,200 GW, brokerage estimates

** Adds, in this sector "good return on equity does not last beyond 2 years"

** Moreover, key competitors for WAAN and PEME, have "much bigger wallets", says Bernstein

** Avg rating of three analysts on PEME and WAAN at "hold" - data compiled by LSEG

** WAAN and PEME down 19% and 34% YTD, respectively,

(Reporting by Kashish Tandon in Bengaluru)

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** Waaree Energies WAAN.NS rises as much as 3.1% to 2,323 rupees

** Nuvama initiates with "buy" and TP of 2,805 rupees, 24.5% higher than Thursday's close

** Says renewable energy co's strategy of scaling up operations by entering green hydrogen production, electrolysers, advanced li-ion cells, inverters and battery energy storage systems will tie up multi-decadal growth

** Expects WAAN's FY24–FY27 rev/EBITDA to gallop at a 30%/54% CAGR, driven by 25%/8x/6GW surge in module/cells/new wafer capacity

** Adds, "We feel India's solar sector is on the cusp of J-curve breakout, which shall usher in an even larger green hydrogen prospect"

** Stock falls 7.8% since listing on October 28, 2024

(Reporting by Ashish Chandra in Bengaluru)

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** Shares of Waaree Energies WAAN.NS rise 2% to 2,165.55 rupees apiece

** Jefferies initiates the coverage of the renewable energy company at "hold" rating

** Brokerage sees WAAN as a key beneficiary of the potential 24% growth in India's solar installations over fiscal years 2024 and 2030

** Indian government's policy in favour of domestic solar modules makers and U.S. policy shunning Chinese modules have created attractive economics for WAAN, according to Jefferies

** WAAN shares are down 24% in 2025 so far, according to data compiled by LSEG

(Reporting by Bharath Rajeswaran in Bengaluru)

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** Shares of Waaree Energies WAAN.NS rise 5% to 2,213.95 rupees, set to snap four-session losing streak

** Company on Friday announced new initiatives - electrolyser manufacturing, battery energy storage systems, inverters and renewable power infrastructure - at its investor day

** Kotak Institutional Equities says company would benefit from these initiatives in medium-term

** Inverter business and acquisition of Enel pipeline to potentially add to earnings over next two-three years, Kotak says

** Brokerage, however, flags uncertainties from U.S. President Donald Trump's tariff plans, which may weigh on WAAN

** Kotak retains "reduce" rating on stock, cuts PT to 2,280 rupees from 2,550 rupees

** WAAN down ~22% in 2025

(Reporting by Vijay Malkar)

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** Shares of renewable energy equipment maker Waaree Energies WAAN.NS down 2.3% at 2216.5 rupees

** WAAN says tax authority initiated search at registered office of the company and its unit on February 25

** Tax authorities have not issued any official document and company's normal operations have not been impacted - WAAN

** Stock set to fall for a second straight month

** Waaree shares down ~11% since their listing on October 28, 2024

(Reporting by Anuran Sadhu in Bengaluru)

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Feb 26 (Reuters) - Waaree Energies Ltd WAAN.NS:

• WAAREE ENERGIES LTD - STATE TAX AUTHORITY INITIATES SEARCH AT WAAREE ENERGIES AND SUBSIDIARY

• WAAREE ENERGIES LTD - NORMAL OPERATIONS NOT IMPACTED BY SEARCH

Source text: ID:nNSE4xQZ97

Further company coverage: WAAN.NS

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Feb 25 (Reuters) - Waaree Energies Ltd WAAN.NS:

• WAAREE ENERGIES LTD - RECEIVES ORDER FOR 410 MWP SOLAR MODULES

Source text: ID:nBSEJfnrw

Further company coverage: WAAN.NS

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** Shares of Waaree Energies WAAN.NS rise 3.4% to 2,295 rupees

** The renewable energy equipment maker says it received order for supply of solar PV modules for 362.5 Megawatt peak from Khaba Renewable Energy

** Co did not specify the financial terms of the deal

** Stock up 9% so far this week, eyes best week since Dec. 9

(Reporting by Ashna Teresa Britto in Bengaluru)

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Feb 19 (Reuters) - Waaree Energies Ltd WAAN.NS:

• WAAREE ENERGIES - RECEIVES ORDER FOR 362.5 MWP SOLAR MODULES

Source text: ID:nNSEBYwGt

Further company coverage: WAAN.NS

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** Shares of Waaree Energies WAAN.NS rise 9% to 2,395 rupees

** The solar panel maker's consol profit rose nearly 4 times y/y to 4.93 bln rupees ($56.9 mln) on higher sales

** Rev from ops more than doubled to 34.57 bln rupees

** Stock set to rise most in a session in nearly 3 months

** More than 2.6 mln shares traded, 1.5x its 30-day moving avg

** WAAN down ~4% since its trading debut on Oct 28, 2024

($1 = 86.6540 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

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Jan 23 (Reuters) - WAAREE SOLAR AMERICAS:

• WAAREE SOLAR AMERICAS BEGINS COMMERCIAL PRODUCTION WITH 1.6 GW CAPACITY AT TEXAS FACILITY - STATEMENT

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Jan 22 (Reuters) - Waaree Energies Ltd WAAN.NS:

• UNIT STARTS COMMERCIAL PRODUCTION OF 1.6 GW SOLAR MODULE LINE

Source text: ID:nNSE7qpRgK

Further company coverage: WAAN.NS

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Jan 20 (Reuters) - Waaree Energies Ltd WAAN.NS:

• WAAREE ENERGIES LTD - GETS LETTER OF AWARD FOR SUPPLY OF SOLAR MODULES

Source text: [ID:]

Further company coverage: WAAN.NS

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Jan 10 (Reuters) - Waaree Energies Ltd WAAN.NS:

• TO ACQUIRE ENEL GREEN POWER INDIA FOR 7.92 BILLION RUPEES

• DEAL WITH ENEL GREEN POWER DEVELOPMENT S.R.L

Source text: ID:nBSEbcNyLX

Further company coverage: WAAN.NS

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Jan 2 (Reuters) - Waaree Energies Ltd WAAN.NS:

• RECEIVES ORDER FOR 150 MWP SOLAR MODULES

Source text: ID:nNSE5VwQmz

Further company coverage: WAAN.NS

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Dec 23 (Reuters) - Waaree Energies Ltd WAAN.NS:

• APPROVES 20.73 BILLION RUPEES CAPEX FOR LITHIUM ION STORAGE PLANT

• APPROVES 5.51 BILLION RUPEES CAPEX FOR ELECTROLYSER PLANT

• APPROVES 1.30 BILLION RUPEES CAPEX FOR INVERTOR BUSINESS

Source text: ID:nBSE825DQt

Further company coverage: WAAN.NS

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Dec 16 (Reuters) - Waaree Energies Ltd WAAN.NS:

• WAAREE ENERGIES LTD - RECEIVES ORDERS FOR 398 MW SOLAR MODULES

Source text: ID:nBSE7TFZ76

Further company coverage: WAAN.NS

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** Waaree Energies WAAN.NS rises ~2.9% to 3,266 rupees, its highest pct gain since Nov 8

** The solar panel maker's unit Waaree Forever Energies gets order for development of 170 MW solar power plant in Madhya Pradesh state

** Stock set to rise for seventh straight session

** Co has gained ~35% since its trading debut in Oct this year

(Reporting by Yagnoseni Das in Bengaluru)

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Dec 11 (Reuters) - Waaree Energies Ltd WAAN.NS:

• GETS LOA FOR DEVELOPMENT OF 170 MW SOLAR POWER PLANT IN MADHYA PRADESH

Source text: ID:nBSE519zkk

Further company coverage: WAAN.NS

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Dec 10 (Reuters) - Indian clean energy firms will be required to use solar photovoltaic (PV) modules from cells made locally by a government-approved list of companies from June 2026, in a move to curb imports from top supplier China.

India already requires the use of locally-made PV modules in government projects from an approved list of domestic manufacturers, and authorities have now extended this rule to solar cells as well.

The government plans to increase its non-fossil fuel capacity to 500 GW by 2030 from about 156 GW at present.

Currently, India has a solar PV module-making capacity of about 80 gigawatts (GW), while its cell-making capacity is slightly more than 7 GW, with companies largely relying on Chinese cells to make modules.

The government will issue a list of approved cell manufacturers as the installed capacity of solar PV cells in the country is expected to increase substantially next year, the renewable energy ministry said on Monday.

Several Indian companies have already set up or are in the process of establishing solar cell making plants.

Tata Power TTPW.NS recently commissioned a 4.3 GW cell making plant in southern India. Reliance Industries RELI.NS aims to commission its first phase of a 20 GW integrated solar cell and module production facility before the end of this year in the state of Gujarat, where the Adani Group already has a 4 GW cell and module making plant.

(Reporting by Sethuraman NR; Editing by Sonia Cheema)

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** Waaree Energies WAAN.NS rises ~2% to 2,965 rupees

** The solar panel maker gets an order for supply of solar modules up to 1 GW

** Stock extends gain for a fourth straight session

** Co has gained ~20% since its listing in Oct this year

(Reporting by Yagnoseni Das in Bengaluru)

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** Waaree Energies Ltd WAAN.NS rises ~3% to 2,926.3 rupees ($34.55)

** Co secures accredition from NABL, globally recognized body, for a Gujarat-based advanced photo-voltaic module testing lab

** Accredition affirms lab's ability to perform safety and durability tests on PV modules, a critical component of solar energy systems

** Co made its trading debut on Oct. 28

** Stock has risen 25% since then after closing 6.4% below listing price on debut day

($1 = 84.6020 Indian rupees)

(Reporting by Ananta Agarwal in Bengaluru)

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