The gain builds on a strong run this year, with the stock up 16.5% in 2025 and 54% over the past six months.
On Tuesday, Waaree Energies said its wholly owned subsidiary, Waaree Solar Americas, received the new contract, which will be executed across FY25–26 and FY26–27. The company noted that while the order is a one-time contract, it represents another significant addition to its U.S. portfolio.
The deal follows a string of large international wins, including a 540 MW order finalized in June and recent agreements of 586 MW and 599 MW with other American developers. This steady flow of orders comes as Waaree works to double capacity at its Brookshire, Texas, plant to 3.2 gigawatts by the end of 2025, underscoring its growing foothold in the U.S. renewable energy market.
Strong earnings underpin the rally
The company’s international expansion is supported by robust operating performance. Waaree reported a 20.3% sequential rise in consolidated net profit to Rs 745 crore for the June quarter. EBITDA surged 73.4% to Rs 997 crore, while revenue climbed 10.5% to Rs 4,425 crore.
Operating margins widened sharply to 22.5% from 14.3% in the previous quarter, reflecting improved cost efficiencies and higher utilization levels.
Technicals reinforce optimism
On the technical front, Waaree shares are trading above all eight of their key simple moving averages, from the 5-day through the 200-day – a setup analysts often view as a bullish signal.
The Relative Strength Index stands at 58.5, suggesting the stock is neither overbought nor oversold. Meanwhile, the Moving Average Convergence Divergence reading of 26.9 remains above both the center and signal lines, pointing to sustained upward momentum.
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