Shares of Waaree Energies experienced a dramatic drop of close to15 % on February 25, 2026, marking one of the steepest one-day declines for the stock in recent sessions.
The sharp sell-off was triggered primarily by a major decision from theU.S. Commerce Department, which announcedpreliminary countervailing duties of around 126 %on solar cell and panel imports originating from India, Indonesia, and Laos. These tariffs are intended to counteractgovernment subsidiesthat Washington believes have given Indian manufacturers an unfair pricing advantage in the U.S. market.
Indian solar stocks, including Waaree Energies, saw immediate market pressure as investors weighed the implications of the new levies. Since exports to the U.S. are a key component of growth strategies for several Indian renewable firms, the tariffs have raised concerns over future earnings visibility and export pipelines.
In addition to tariff fears, broader sentiment in the renewable energy sector and ongoing volatility in global markets have amplified selling pressure. Analysts note that while the duties are still in a preliminary stage, they have animmediate pricing impact, requiring importers to post cash deposits on future shipments — effectively increasing the cost of doing business in the world’s largest solar market.
For investors, the sell-off underscores howtrade policy and geopolitical riskscan influence stock performance in sectors deeply linked to international supply chains. Moving forward, close attention will be paid to further developments in the U.S.–India trade case and any mitigation strategies by Indian solar producers.
