Waaree Energies shares jump 3% after its subsidiary wins 540MW solar module order in US
Waaree Energies saw its shares climb 3% in morning trade after announcing a major international order secured by its U.S. subsidiary, Waaree Solar Americas. As of 9:20 AM, the shares were trading 2.82% higher at Rs 3,030.50.
The deal, confirmed on June 27, 2025, is for the supply of 540MW of solar modules to a prominent U.S.-based developer known for utility-scale solar and energy storage projects. While the customer's name hasn't been disclosed, the company is described as a key player in the American renewable energy space.
According to Waaree's exchange filing, the order is split across timelines—270MW will be delivered in 2025, and the remaining 270MW will be supplied between 2027 and 2028. This is a one-time contract and forms part of Waaree's broader strategy to expand its global reach.
The company also clarified that the deal does not involve any related parties, nor do any promoter group entities have a stake in the customer awarding the order.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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