In an exciting turn of events, Waaree Energies has seen a notable rise in its share price, jumping as much as 5% during Tuesday’s trading session. This surge comes just ahead of the company’s highly anticipated fourth-quarter results, set to be disclosed on April 22. As of 9:46 AM, shares were trading at ₹2,571.20 on the National Stock Exchange (NSE), reflecting a robust upward trend.
Steady Growth in Share Value
Over the past month, Waaree Energies has witnessed an impressive 6.20% increase in its share price, with an even more remarkable climb of nearly 10.40% over the last six months. This growth is attracting significant attention from investors, making the upcoming financial announcement even more critical.
- Current Share Price: ₹2,571.20
- Monthly Growth: 6.20%
- Six-Month Growth: 10.40%
Upcoming Financial Results Announcement
The renewable energy powerhouse is gearing up to share its financial performance for the quarter ending on March 31, 2025. In an official statement, Waaree Energies confirmed that its Board of Directors will convene on April 22 to review and approve both standalone and consolidated financial results. This meeting is crucial for stakeholders looking to gauge the company’s performance.
On April 23 at 11 AM, a conference call will be held where key executives, including Amit Paithankar (Whole Time Director and CEO), Sonal Shrivastava (CFO), Abhishek Pareek (Group Head – Finance), and Rohit Wade (General Manager – Investor Relations), will discuss the fourth-quarter results and the overall performance for the fiscal year FY25.
Impact of US Tariffs on Solar Imports
The positive momentum in Waaree Energies’ share price is also linked to recent developments in the US regarding solar equipment imports. The US government has decided to impose hefty anti-dumping duties of up to 3,521% on solar products imported from Cambodia, Vietnam, Malaysia, and Thailand. This decision, stemming from an investigation initiated during former President Joe Biden’s administration, was prompted by requests from American solar manufacturers.
- New Tariffs: Up to 3,521%
- Affected Countries: Cambodia, Vietnam, Malaysia, Thailand
- Background: Investigation initiated under Biden
These tariffs are in addition to existing measures established by former President Donald Trump, which have already disrupted global supply chains and market dynamics. The introduction of these antidumping and countervailing duties aims to mitigate the effects of perceived unfair subsidies and pricing strategies in the sector.
As the landscape of the renewable energy market continues to evolve, all eyes will be on Waaree Energies as it prepares to unveil its financial results and respond to the changing dynamics in the industry.
