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Shares of Waaree Energies Limited saw a sharp decline of over 7% on January 22, 2025. The fall has prompted market participants to evaluate whether this presents an opportunity to buy shares online, particularly for long-term investors eyeing the renewable energy sector. 

Recent developments in Waaree Energies

Waaree Energies Limited recently announced a significant contract to supply 180 MWp of solar photovoltaic modules. The agreement, secured on January 20, 2025, involves an unnamed domestic renewable energy developer and is scheduled to commence deliveries in the fiscal year 2025-26.

This milestone showcases the company’s ability to secure large deals, making it a prominent player in the renewable energy space. However, despite such achievements, external factors have raised questions about shares to buy in this sector, as stock prices react to global policy changes and market dynamics. 

Market concerns influencing Waaree Energies shares

The steep fall in Waaree Energies shares is linked to fears over potential tariffs on solar imports by the US administration. Market analysts suggest that these policies could hinder solar capacity growth and impact Indian exporters.

Investors looking to buy shares online in the renewable energy market may consider companies with diversified operations. Waaree’s manufacturing base in the US may mitigate some risks posed by these tariffs, potentially stabilising its position in the long run.

Anchor lock-in expiry and its impact

A key contributor to Waaree’s recent share price decline is the expiry of the second anchor lock-in period. Before its IPO in October 2024, the company allocated 84.96 lakh shares to 92 anchor investors at ₹1,503 per share. With the lock-in expiry, the increased supply of shares has exerted downward pressure on prices.

Investors often seek to buy shares online during such dips to capitalise on potential future gains, especially in sectors like renewable energy.

Future outlook for Waaree Energies

Despite the recent dip, Waaree Energies’ ability to secure large contracts positions it well for future growth. Analysts suggest monitoring global developments and company-specific announcements to identify shares to buy with the potential for steady returns.

The renewable energy sector’s trajectory continues to attract investors, with many focusing on shares to buy that demonstrate resilience and long-term growth prospects.

Key Insights

Waaree Energies has experienced a challenging session, with its stock plunging over 7%. Broader market concerns and the anchor lock-in expiry have contributed to this decline. 

At 11:52 AM on Wednesday, the shares of Waaree Energies Limited are trading 7.7% lower at ₹2,468 per share as compared to the previous close of ₹2,677.50 per share on the Bombay Stock Exchange (BSE).