Analysts Back Waaree Energies Amidst Uncertainties; See Latest Price Targets
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Waaree Energies: Analysts Maintain 'Buy' Despite US Solar Duty Concerns
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CNBC TV18•26-02-2026, 09:29
Waaree Energies: Analysts Maintain 'Buy' Despite US Solar Duty Concerns
•73% of analysts maintain a 'buy' rating on Waaree Energies stock, despite a 40% correction from its peak.
•Waaree Energies clarified that it is not impacted by the US's 126% solar product import duty, as its US supplies do not use Indian-manufactured solar cells.
•Nomura maintained a 'buy' rating with a target of ₹2,709, citing a diversified supply chain and limited impact from US duties.
•Motilal Oswal and Nuvama also hold 'buy' ratings with price targets of ₹3,514 and ₹3,867 respectively.
•Waaree is expanding its US manufacturing capacity to 4.2 GW by H1 2026, with margins expected to be stable due to price pass-throughs.
