Waaree Energies Share Price Trending: Why This Solar Stock is Making Headlines

Waaree Energies share price has emerged as one of the most closely watched trending stocks in September 2025, with the stock surging over 66% in just six months and trading near its all-time high of ₹3,740. The Indian solar energy leader has captured investor attention with exceptional quarterly results, massive order book expansion, and India's rapidly growing renewable energy sector providing strong tailwinds.

Record-Breaking Q1 FY26 Financial Performance Drives Stock Rally

The primary catalyst behind Waaree Energies stock price surge has been the company's outstanding Q1 FY26 earnings results. The solar PV module manufacturer reported a phenomenal 89% year-on-year increase in net profit to ₹745 crore for the quarter ending June 30, 2025, compared to ₹394 crore in the same period last year.

Key Q1 FY26 Financial Highlights:

- Revenue Growth: 31.48% YoY increase to ₹4,597 crore

- EBITDA Surge: 82.61% YoY growth to ₹1,169 crore with margins expanding to 25.42%

- Record Module Production: Achieved highest-ever quarterly production of 2.3 GW modules

- Profit After Tax: 92.68% YoY jump to ₹773 crore

Massive Order Book Provides Strong Revenue Visibility

One of the key reasons why Waaree Energies share price is trending relates to the company's robust order book of approximately ₹49,000 crore as of Q1 FY26. This substantial pending order book includes domestic orders, export orders, and franchisee orders, providing strong revenue visibility and foundation for future growth.

The company secured 2.23 GW of new orders in the US market during the last quarter alone, driven by three fundamental growth drivers: expansion of AI-related data centers, reshoring of manufacturing into the US, and rapid electrification of transportation[3].

India's Solar Energy Boom Creates Favorable Market Conditions

Waaree Energies stock trending coincides with India's remarkable solar energy expansion. The country achieved a historic milestone by surpassing 100 GW of installed solar capacity in early 2025, with 7.8 GW added in Q1 2025 alone.

India Solar Market Growth Drivers:

- Target of 500 GW renewable energy capacity by 2030

- Expected CAGR of 14.21% in India's solar energy market during 2025-2032

- Production Linked Incentive (PLI) scheme supporting domestic manufacturing with ₹24,000 crore outlay

- PM-KUSUM and PM Surya Ghar initiatives boosting solar adoption

Strong Technical Performance and Analyst Recommendations

Waaree Energies share price today reflects strong technical momentum, with the stock trading above all major moving averages (5-day, 20-day, 50-day, 100-day, and 200-day). The stock has delivered impressive returns across timeframes:

Waaree Energies Stock Returns:

- 1 week: 0.87%

- 1 month: 5.99%

- 3 months: 22.55%

- 6 months: 62.45%

- 1 year: 48.69%[13]

Global brokerage Nomura initiated coverage with a 'Buy' rating and target price of ₹3,710, citing India's solar PV equipment industry riding on a powerful demand surge. Technical analysts suggest key support levels at ₹3,200-₹3,438 with upside targets of ₹3,740-₹3,900.

Expansion Plans and Manufacturing Capacity Growth

Waaree Energies latest news includes aggressive expansion plans that are driving investor optimism. The company is on track to expand its module manufacturing capacity to 26 GW and solar cell capacity to 16 GW by FY27. Key expansion initiatives include:

- 1.6 GW manufacturing facility in Texas, USA

- 3.2 GW facility in Chikhli, Gujarat

- ₹2,754 crore additional capex for 4 GW cell capacity expansion in Gujarat

- 4 GW Ingot-wafer facility in Maharashtra

- Entry into green hydrogen, battery storage, and inverter manufacturing

IPO Success Story Continues

Since its IPO listing in October 2024 at ₹1,503, Waaree Energies has delivered exceptional returns to investors. The stock listed at a 70% premium and currently trades 139% higher than its issue price. The IPO attracted record-breaking investor interest with 97.34 lakh applications and was subscribed 76.34 times.

Market Positioning and Competitive Advantages

Waaree Energies stock analysis reveals strong fundamentals supporting the current price levels:

- India's largest solar PV module manufacturer with 15 GW capacity

- Market cap of ₹99,911 crore ranking it among top renewable energy companies

- Strong return on equity (ROE) of 27.4% and ROCE of 34.9%

- Debt-to-equity ratio of just 0.08 indicating strong financial health

- Global presence across 25+ countries.

Future Growth Catalysts

Several factors support continued Waaree Energies share price momentum:

1. India's 280 GW solar target by 2030 requiring massive capacity additions

2. Growing US market opportunity with strong policy support

3. Import substitution benefits from PLI scheme and import duties

4. Technology leadership in high-efficiency solar modules

5. Vertical integration strategy reducing costs and improving margins

Investment Outlook and Risk Considerations

While Waaree Energies stock price today reflects strong fundamentals and growth prospects, investors should note the high valuation at 45x P/E ratio and volatile stock behaviour (4.4x more volatile than Nifty). The stock is suitable for investors with high risk tolerance given its growth trajectory and market leadership position.

Waaree Energies share price news continues to remain positive, with management maintaining FY26 EBITDA guidance of ₹5,500-6,000 crore and expressing confidence in long-term demand outlook both in India and internationally. The company's strong execution capabilities, robust order book, and India's renewable energy transition provide a solid foundation for sustained growth.

For investors seeking exposure to India's clean energy revolution, Waaree Energies represents a compelling investment opportunity, though careful consideration of valuation and market volatility is essential for optimal portfolio management.