The renewable energy landscape is buzzing with excitement as Waaree Renewables Technologies Ltd bags a lucrative Letter of Award (LOA) worth Rs 230 crore. This significant development has put the company’s stock in the limelight, with investors closely tracking its performance.
Waaree Renewables Share Price Movement: Volatility in Action
Waaree Renewables Technologies’ shares have been riding a rollercoaster, reflecting market sentiments. The stock had scaled a 52-week high of Rs 3,037.75 on April 26, 2024, while its lowest point stood at Rs 759 on March 3, 2025. The latest trading session saw a 2.89% dip, with shares slipping to Rs 922.10 on the Bombay Stock Exchange (BSE). The company’s market cap also saw a slight decline, settling at Rs 9,612 crore.
With over 6.42 lakh shares exchanging hands, generating a massive turnover of Rs 61.82 crore, it’s clear that investors are actively watching Waaree’s movements. Despite the fluctuations, early morning trading on March 26, 2025, showed signs of optimism as shares gained 1.63% to trade at Rs 937.10, up Rs 15 from the previous close.
Major Project Win: A Bright Future for Waaree
The latest LOA win positions Waaree Renewables firmly on the map of India’s renewable energy expansion. According to the company’s statement, this award encompasses engineering, procurement, and construction (EPC) services for a ground-mounted solar power project. The total project size stands at an impressive 170 MW AC/255 MW DC, covering both EPC execution and long-term operations and maintenance (O&M).
The project is expected to be completed within the financial year 2025-26, reinforcing Waaree’s stronghold in India’s solar energy sector. This development aligns with the Indian government’s push for cleaner and greener energy alternatives, making Waaree an attractive bet for investors with a long-term vision.
Series of Big-Ticket Wins for Waaree
This is not the first time Waaree Renewables has caught the market’s attention with a high-value order. On March 11, 2025, the company secured another LOA worth Rs 740.06 crore for EPC work on a 125 MW AC (181.3 MWp DC) solar power project. This order, too, includes full-fledged O&M responsibilities, showcasing the company’s comprehensive expertise in the solar power domain.
Further strengthening its portfolio, Waaree won an EPC contract from Continuum Green Energy on February 13, 2025, for a 40MWh battery storage system, valued at Rs 40 crore. The continuous stream of high-value orders cements Waaree’s reputation as a frontrunner in India’s clean energy transformation.
Stock Performance: Where Does It Stand?
At present, Waaree’s stock is trading 69.15% below its 52-week high but remains 23.47% above its lowest point. The company’s market capitalisation currently stands at Rs 9,768.95 crore, reflecting its strong presence in the industry despite market fluctuations.
What’s Driving Investor Sentiment?
Waaree Renewables’ recent stock movements can be attributed to multiple factors:
- Project Pipeline Strength: The company continues to win high-value contracts, indicating a promising revenue stream.
- Government Push for Solar Energy: India’s ambitious renewable energy targets act as a tailwind for firms like Waaree.
- Stock Volatility: The market is known for its ups and downs, and profit booking by investors often leads to short-term fluctuations.
Final Word: Should Investors Keep an Eye on Waaree?
While the stock has seen its fair share of ups and downs, Waaree Renewables Technologies remains a formidable player in India’s solar energy space. With a steady flow of high-value projects and increasing demand for renewable energy solutions, the company seems well-poised for long-term growth.
For investors, this might be the right time to assess whether Waaree’s current valuation presents a buying opportunity. After all, as they say in the stock market, when the sun shines, make hay—and Waaree seems to be basking in solar success!
Disclaimer: The views and investment insights provided here are based on publicly available information and do not constitute financial advice. Readers are advised to conduct their own research or consult certified financial experts before making investment decisions.
