Waaree Energies In Hot Water? Solar Energy Stock Falls 5% Amid Reports of US Duty Evasion Probe

Waaree Energies Share Price Today: Shares of India's largest solar PV modules manufacturer, Waaree Energies Limited, fell nearly 5% on Friday. The decline in the green energy stock came amid reports of United States government launching a probe against the company over alleged evasion of anti-dumping and countervailing duties.

Waaree Energies shares were trading 4.97% lower at Rs 3,275 per share on BSE with a market capitalisation of Rs 94,346.22 crore on BSE at 9:40 am.

Waaree Energies Face US Probe: Report

The Donald Trump-led US government is investigating charges against the Indian renewable energy company for alleged evasion of anti-dumping and countervailing duties on solar cells, reported Bloomberg.

As per the report, the US Customs and Border Protection is carrying out a formal investigation against Waaree and Waaree Solar Americans Inc. The company has also faced interim measures and restrictions as there is "reasonable suspicion that the company evaded duties when bringing merchandise into the US.

GoodReturns couldn't independently verify the development and response to the query regarding the US probe reports is awaited. The US Probe is in response to allegations made by the American Alliance for Solar Manufacturing Trade Committee. The company had alleged that Waaree has mislabelled solar cells that originated in China those coming from India to avoid tariffs on Chinese solar products, as per Bloomberg report.

Waaree Energies Share Price Trend

Waaree Energies shares opened lower on Friday. The stock valuation has surged around 14% since the beginning of the year 2025. The stock had touched a 52-week high mark of Rs 3,864.40 per share on 12 September 2025. The stock dipped to its 52-week low mark of Rs 1,808.65 per share on 7 April, 2025.

The green energy company made its stock market debut last year. The stock has given an impressive returns to investors amid buzz around green energy IPOs.

Waaree Energies Limited is a Mumbai-based company and India's largest solar photovoltaic module manufacturer. It also offers green energy solutions to its clients. Waaree is not only a leading domestic player in its segment but also has a healthy export base, especially in the US.

Waaree Energies recently reported a strong pending order book of nearly 25 GW till the first quarter of the financial year 2025-26. The geographical order book includes a split of 41% India and 59% overseas.

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