In Short : The international brokerage firm Nomura has begun covering Waaree Energies, emphasizing the company’s robust market position in India’s renewable energy industry. According to the firm, strong demand for solar modules and favorable legislative changes might lead to an upside of up to 16%.
Encouraging Innovation and Strategic Growth
Waaree Energies has been diversifying into related industries like transformers while increasing the capacity of its solar manufacture. The company is positioned as a major participant in India’s renewable growth story due to its emphasis on technological advancement, cost competitiveness, and scalability. Growing investor trust in Waaree’s long-term strategic plan is reflected in Nomura’s coverage.
Impact and Significance of Clean Energy
Waaree Energies is anticipated to be a key provider of reasonably priced solar solutions as India speeds up its use of renewable energy. The company’s expansion helps to generate cleaner energy and lessen dependency on fossil fuels by helping the nation reach its goal of 500 GW of non-fossil capacity by 2030.
About Waaree Energies
One of India’s biggest producers of solar modules, Waaree Energies was established in 1989 and has operations in 68 nations worldwide. With its headquarters in Mumbai, the company promotes the global adoption of sustainable energy through its work in solar PV modules, EPC services, project development, and solar solutions.
