NSE: WAAREEENER | BSE: 544277

Mid-range Performer

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2565.40 71.40 (2.86%)

31.02% Fall from 52W High

1.2M NSE+BSE Volume

NSE 16 Oct, 2026 3:31 PM (IST)

73,794.1

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Waaree Energies Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for WAAREEENER, BSE:544277 Waaree Energies Ltd.

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Waaree Energies Ltd.

16 Sep 2026

2565.40

2.86%

Waaree Energies Initiating Coverage Report Final

Buy: Waaree Energies Ltd.

Target

Joindre Capital Services

Domestic integration: The 5.4 GW cell base and planned 10 GW expansion can improve sourcing control and domestic-content participation. We expect a gradual margin recovery as production yields and captive integration improve. Distribution advantage: Retail revenue more than doubled YoY in Q1FY27. A national installer and franchise network broadens demand and provides a route to market for inverters, kits and storage. US localisation: Texas manufacturing diversifies delivery routes, while planned US additions create further growth potential. Local production improves strategic...

Waaree Energies has lost -25.40% in the last 6 Months

Waaree Energies Ltd.

10 Aug 2026

2565.40

2.86%

Waaree Energies Ltd Result Q1FY27

Buy: Waaree Energies Ltd.

Joindre Capital Services

PAT rose 13% YoY to 892 Cr, though profitability was impacted by lower operating margins and higher depreciation and finance costs. Other Income remained stable at 171 Cr, while Interest and Depreciation increased due to ongoing capacity expansion. Order Book: The company maintained a healthy order book of 61,500 Cr,...

Number of FII/FPI investors decreased from 608 to 586 in Sep 2026 qtr

Waaree Energies Ltd.

30 Jul 2026

2565.40

2.86%

Weak Start Raises the Execution Bar; maintain BUY

Buy: Waaree Energies Ltd.

Anand Rathi

Waaree’s reported quarterly performance was complemented by Rs3.5bn reciprocal tariff reversal, masking a weak operational quarter characterised by subdued utilisation and softer exports.

Waaree Energies has gained 10.43% in the last 1 Week

Waaree Energies Ltd.

23 Jun 2026

2565.40

2.86%

Execution momentum and industry tailwinds support growth trajectory

Buy: Waaree Energies Ltd.

Target

Motilal Oswal

Waaree Energies (WEL) remains well-positioned to benefit from the structural transformation that is underway in India’s solar ecosystem, supported by strong demand visibility.

Waaree Energies Ltd. is trading below its 100 day SMA of 2732.1

Waaree Energies Ltd.

08 Jun 2026

2565.40

2.86%

Waaree Energies Ltd Research Report

Buy: Waaree Energies Ltd.

Joindre Capital Services

manufacturing capacity of 5.4GW as of FY26. Established in 1989 and headquartered in Mumbai, the company operates manufacturing facilities across India...

Waaree Energies has lost -25.40% in the last 6 Months

Waaree Energies Ltd.

13 May 2026

2565.40

2.86%

Waaree Unbound 2.0: Scaling Beyond Solar into Integrated Energy Infrastructure

Not Rated: Waaree Energies Ltd.

Deven Choksey

We believe Waaree Energies is well-positioned to benefit from India’s long-term clean energy transition.

Waaree Energies has lost -29.28% in the last 1 Year

Waaree Energies Ltd.

11 May 2026

2565.40

2.86%

Waaree Energies (WAAREEEN IN) Analyst Meet Update From Module Maker to Integrated Energy Player

Buy: Waaree Energies Ltd.

Prabhudas Lilladhar

Targeting INR1trn revenue by FY30 through expansion across solar, storage and energy infrastructure Total capex of ~INR300bn planned over next 2-3 years across...

Number of FII/FPI investors decreased from 608 to 586 in Sep 2026 qtr

Waaree Energies Ltd.

07 May 2026

2565.40

2.86%

Waaree 2.0 to power multi-year growth

Buy: Waaree Energies Ltd.

Motilal Oswal

We attended Waaree Energies Limited’s (WEL) investor day, wherein management laid out an aggressive roadmap to scale revenue to INR1t by 2030, supported by a sharp acceleration across C&I, KUSUM, and rooftop solar segments.

Waaree Energies has lost -29.28% in the last 1 Year

Waaree Energies Ltd.

02 May 2026

2565.40

2.86%

Earnings momentum remains robust

Buy: Waaree Energies Ltd.

Target

Motilal Oswal

Waaree Energies (WEL) reported robust revenue of INR84.8b (26% ahead of our estimates) in 4QFY26, but EBITDA came in 7% below our estimate due to a lower-than-expected EBITDA margin of 19%, impacted by elevated silver and copper prices, increased freight costs, a weaker overseas revenue mix, and reliance on externally procured DCR cells to fulfill certain module orders.

Waaree Energies has lost -25.40% in the last 6 Months

Waaree Energies Ltd.

01 May 2026

2565.40

2.86%

A challenging quarter, but healthy future guidance

Buy: Waaree Energies Ltd.

Emkay

Waaree reported consolidated EBITDA/APAT of Rs15.8/10.6bn in Q4FY26, an 11%/4% miss, due to a 12%/7% QoQ contraction in GPM/EBITDAM.