Overview

• The United States finalized anti-dumping duties as high as 3,521% on solar imports from Cambodia, Malaysia, Thailand, and Vietnam, citing unfair pricing and Chinese subsidies.
• Shares of Waaree Energies rose 5.4% to ₹2,574.45, while Premier Energies gained 2.61% to ₹1,035, reflecting investor optimism for Indian solar manufacturers.
• Waaree Energies, India’s largest solar PV module maker with a 13.3 GW capacity, is expected to report a 38% YoY revenue increase in Q4 FY25, though margins may contract sequentially.
• The tariffs have sharply reduced imports from the targeted countries, prompting a shift to alternative suppliers like Laos and Indonesia and boosting domestic producers.
• Waaree Energies is expanding operations into green hydrogen and energy storage to diversify its portfolio and capitalize on long-term renewable energy growth opportunities.