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Indian Solar Firms Waaree, Premier Energies Drop 10% After US Levies 126% Import Duty
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US Imposes 126% Duty on Indian Solar Imports; Waaree, Premier Energies Shares Plunge 10%
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News18
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25-02-2026, 09:29
US Imposes 126% Duty on Indian Solar Imports; Waaree, Premier Energies Shares Plunge 10%
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US imposes preliminary duties of 126% on solar imports from India, causing major Indian solar stocks to fall.
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Waaree Energies Ltd. and Premier Energies Ltd. shares dropped 10% intraday, while Vikram Solar Ltd. fell 5.72%.
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Duties are distinct from earlier reciprocal tariffs and aim to counter alleged foreign subsidies enabling price undercutting.
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Citi analyst Vikram Bagri suggests steep duties will make the US market largely inaccessible for Indian manufacturers.
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Indian solar imports to the US surged to $792.6 million in 2024, over nine times the 2022 level.
Read Full Article on News18 in English
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