Essayer OR - Gratuit
US market uncertainty weighs heavy on Waaree Energies
Mint New Delhi
|March 20, 2025
Soft spot
Waaree Energies' stock has tumbled over 20% in 2025 as the US pause on clean energy incentives under the Inflation Reduction Act (IRA) clouds its growth prospects.
The US contributes over half of Waaree's order book worth ₹50,000 crore. Thus, the development can significantly impact its earnings.
Kotak Institutional Equities slashed its FY25-27 estimates for Waaree by 1.9-12.5%, citing reduced IRA incentives, which will push the company to operate on a cost-plus model for select US clients.
Cette histoire est tirée de l'édition March 20, 2025 de Mint New Delhi.
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