25 February 2026 Punjab Khabarnama Bureau : Shares of Waaree Energies rebounded sharply after the company clarified that the proposed 126% duty on certain solar imports into the United States will not apply to its operations. The clarification helped calm investor nerves after the stock had earlier come under pressure amid fears of a major setback to the company’s US business.
The confusion arose following reports that US authorities were considering imposing steep anti-dumping and countervailing duties on solar cells and modules imported from select countries. The proposed levy, which could go as high as 126%, sparked concerns across the renewable energy sector, particularly among Indian solar manufacturers with exposure to the US market. Waaree Energies, one of India’s largest solar module makers, was seen as potentially vulnerable due to its growing international footprint.
In a statement, the company said the proposed duty would not impact Waaree Energies, as its business model and supply chain structure fall outside the scope of the investigation. The management clarified that its US-facing operations are aligned with prevailing trade regulations and that the company has taken proactive steps to mitigate risks related to tariffs and duties.
According to industry experts, Waaree’s reassurance suggests that its exports either comply with US sourcing norms or are routed through manufacturing arrangements that are exempt from the proposed levies. This clarity came as a relief to investors who had feared that higher duties could erode margins, reduce competitiveness, and disrupt order flows from the US market.
Following the clarification, Waaree Energies’ stock recovered from intraday lows, reflecting renewed confidence in the company’s growth outlook. Market participants noted that the rebound underscored how sensitive renewable energy stocks have become to global trade policy developments, especially those linked to the US, one of the world’s largest solar markets.
Analysts said the episode highlights the importance of transparency and timely communication by companies operating in globally interconnected industries. While the broader solar sector remains exposed to policy risks, firms with diversified manufacturing bases and clear compliance strategies are better positioned to navigate such uncertainties.
Waaree Energies has been expanding its manufacturing capacity in India, in line with the government’s push for domestic solar production and reduced reliance on imports. The company is also increasing its presence in overseas markets, including the US, Europe, and emerging economies, where demand for renewable energy solutions continues to rise.
Despite the short-term volatility, analysts remain cautiously optimistic about Waaree’s long-term prospects. Strong global demand for solar energy, supportive domestic policies, and increasing investments in clean energy infrastructure are seen as key tailwinds. However, experts warn that trade-related developments and protectionist measures could continue to trigger periodic market swings.
For now, Waaree Energies’ assertion that the 126% US solar duty will not apply to the company has helped restore investor confidence. The focus is expected to shift back to execution, capacity expansion, and order inflows as the renewable energy sector continues to play a central role in the global energy transition.
Summary
Waaree Energies clarified that the proposed 126% US solar duty will not affect its business, easing investor concerns and helping the stock recover after earlier losses.