Waaree Energies, Premier Energies recover despite 126% US duty concerns

Solar industry body National Solar Energy Federation of India said it remains optimistic that the proposed US-India trade deal could supersede the preliminary duties, offering relief to exporters.

Solar stocks staged a recovery in early trade on Thursday, with shares of Waaree Energies and Premier Energies advancing despite lingering concerns over steep US duties on certain solar imports from India.

Waaree Energies stock rose 2 per cent in early trade to ₹2,764.50. Premier Energies also gained nearly 2 per cent to ₹741.60 in initial deals. However, by 11.52 a.m., Premier Energies pared some of its gains and was trading 1.29 per cent lower at ₹720.

In early trade on Wednesday, these stocks dragged 8-12 per cent.

The rebound comes after both stocks witnessed sharp selling pressure in the previous trading session following the US administration’s announcement of steep preliminary countervailing duties of 126 per cent on select solar imports from India. The move rattled investor sentiment, triggering concerns over export prospects for domestic manufacturers with exposure to the US market.

Solar industry body National Solar Energy Federation of India said it remains optimistic that the proposed US-India trade deal could supersede the preliminary duties, offering relief to exporters.

In a clarification, Waaree Energies said it has continued ramping up US shipments during 9MFY26 despite the earlier 50 per cent duty, supported by diversified supply chains and investments such as its Oman polysilicon initiative and expanding US module capacity from 2.6 GW to 4.2 GW by FY27-end.

The company said it does not expect any material adverse impact on servicing US commitments.

Premier Energies also termed the developments industry-wide and said it does not foresee any material impact on its operations or financial position.

Published on February 26, 2026