In just a matter of five trading sessions, Waaree Energies has captured the spotlight on Dalal Street with its share price skyrocketing by nearly 26%. This surge has attracted significant interest from investors eager to capitalize on the booming renewable energy sector. During today’s trading, the stock experienced a remarkable 9.3% increase, reaching a peak of Rs 2,855.

Exceptional Stock Performance

Over the past nine sessions, Waaree Energies has demonstrated a phenomenal rally, accumulating an impressive 36% gain. So, what’s driving this surge in the company’s stock? Let’s delve into the key factors fueling this clean energy momentum.

Strong Q4 Financial Results

The catalyst for this upward trend was the company’s outstanding fourth-quarter performance. Waaree Energies reported a staggering 34% increase in net profit year-over-year, totaling Rs 618.9 crore. Revenue also saw a significant boost, climbing 36% to Rs 4,003.9 crore.

The standout aspect of the earnings report was the EBITDA, which soared 116% year-on-year, reaching Rs 1,059.6 crore for the quarter. Additionally, the EBITDA margin improved remarkably, increasing from 16.3% to 25.6%.

Promising Future Projections

Adding to the excitement surrounding Waaree Energies is its optimistic outlook for the future. In a recent investor presentation, the management forecasted EBITDA for FY26 to be in the range of Rs 5,500 to Rs 6,000 crore, nearly doubling current figures. CEO Amit Paithankar emphasized that FY25 is poised to be a “pivotal inflection point,” where strategic execution and scale come together to enhance performance.

Rising Demand for Solar Energy

On a broader scale, India is intensifying its focus on renewable energy, with solar power at the forefront of this initiative. Waaree Energies, boasting an installed capacity of 15 GW for solar modules and 5.4 GW for solar cells, is strategically positioned to satisfy the increasing demand.

The clean energy sector is drawing considerable policy support and investor interest, and Waaree Energies, as a prominent player, stands to benefit significantly from this green energy transition.

Notable Stock Trends

In the last month alone, Waaree Energies’ stock price has surged 19%. Over the past six months, the stock has delivered a 24% return, and on a yearly basis, it has increased by 25%. Year-to-date, the stock has experienced a modest 2% rise.

The company’s market capitalization has surpassed Rs 81,590 crore, with a 52-week high of Rs 3,743 and a low of Rs 1,863.

Conclusion

With strong financial performance and a bright outlook, Waaree Energies is undeniably a key player in the renewable energy landscape. Investors are keenly watching as the company continues to thrive amidst the growing demand for clean energy solutions in India.