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Waaree Energies shares fall 14 percent in share market today after US solar import duties announcement

Waaree Energies Crashes 14% in Share Market Today as US Imposes 126% Solar Import Duties

Written by,

Surjeet Dudani

Feb 25, 2026

Bullsonfire

Waaree & other Solar stocks plunge in share market today after US slaps 126% import duties, triggering panic across the indian stock market.

The share market today witnessed sharp selling pressure in solar energy stocks as Waaree Energies plunged 14% and Vikram Solar fell over 7.5% on February 25, 2026. The steep fall came after the US administration under Donald Trump imposed preliminary duties of 126% on solar imports from India, citing unfair manufacturing subsidies.

The development rattled the stock market today, dragging key renewable counters lower and impacting overall sentiment in the india stock market during early trade.

In the share market today, Waaree Energies tumbled as much as 14.2% to ₹2,591.10 on the NSE during early hours. The stock later attempted a slight recovery but remained deeply in the red.

Vikram Solar shares dropped over 7.5% to ₹171 apiece, while Premier Energies declined nearly 10% to ₹699.35 before trimming some losses.

The sharp correction in solar counters influenced broader stock market india sentiment, with traders closely tracking export-heavy sectors.

Export Exposure Breakdown

According to reports:

Waaree Energies has nearly 29% export exposure to the US market.
Vikram Solar derives around 16% of its revenue from exports.
Premier Energies reportedly has negligible or no export exposure.

Despite limited direct exposure, Premier Energies fell sharply, indicating spillover sentiment in the share market rather than fundamental impact. This clearly shows how panic spreads fast in the today stock market, even when direct revenue risks are limited.

A report by Bloomberg noted that the US Commerce Department also set initial duties ranging between:

86% to 143% for Indonesia
81% for Laos

These measures are aimed at protecting domestic US solar manufacturers but may raise production and consumer costs significantly.

Trade Policy Impact on Stock Market Today

The duties are separate from earlier global tariffs that were struck down by the US Supreme Court. Following that decision, President Donald Trump introduced fresh 10% tariffs, with a warning that they could be raised to 15%.

Interestingly, this comes shortly after a bilateral trade agreement between India and the US aimed at easing economic tensions. However, the new duties appear to complicate that narrative.

Data from the US Commerce Department shows that solar imports from India were valued at $792.6 million in 2024 — more than nine times the 2022 level. That rapid rise in exports is now under threat.

This development has become one of the biggest pieces of stock market news influencing the share market today rate in the renewable energy segment.

The renewable energy sector has been a major driver of optimism in the indian stock market over the past two years. Solar manufacturers benefited from:

Strong domestic demand
Government production-linked incentive (PLI) schemes
Increasing exports to the US

Developers in the US had shifted sourcing to India, Indonesia, and Laos after earlier duties were imposed on four Southeast Asian nations. According to BloombergNEF, these three countries accounted for 57% of US solar module imports during the first half of 2025.

However, uncertainty around US policy — especially under Donald Trump’s administration — has added volatility to renewable energy plays in the stock market india.

🔹 Company Profiles Snapshot

Waaree Energies

Waaree Energies manufactures solar photovoltaic modules and solar cells and is involved in EPC contracts and power generation.

Manufacturing plants are located in Gujarat, including Tumb, Nandigram, Chikhli, and Surat.

Its product portfolio includes:

HJT modules
N-type modules
Mono PERC modules
Flexible modules
Battery Energy Storage Systems (BESS)
Electrolyser stacks

Applications range from rooftop solar to green hydrogen solutions.

Vikram Solar

Vikram Solar Limited is among India’s largest module manufacturers by operational capacity (as of March 31, 2025).

The company provides:

Solar PV module manufacturing
EPC services
Operations & Maintenance (O&M) services

It has steadily expanded international footprint, which now exposes it to trade policy risks.

Premier Energies

Premier Energies is an integrated solar cell and module manufacturer.

It has executed over:

266.26 MW ground-mounted projects
22.86 MW rooftop projects
178.38 MW O&M projects

Despite minimal US exposure, it was dragged lower in the stock market today open, reflecting sector-wide selling pressure.

🔹 Implications & What Happens Next

The key question for investors in the india stock market is whether these duties will be temporary or permanent.

Short-Term Impact

Earnings pressure for export-focused companies
Volatility in renewable energy counters
Possible downgrade in revenue projections

If duties remain at 126%, profit margins could compress significantly for exporters. That could reflect in upcoming quarterly earnings.

Medium-Term Watch Points

Negotiations between India and US on trade
Final duty determination by US Commerce Department
Diversification of export markets

Investors will also monitor how the nifty and sensex react over the next few sessions. Sectoral weakness could spill over into broader indices if foreign institutional investors reduce exposure.

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