Waaree Energies

Trump, Solar Panels & Waaree Energies: A Match Made in Wall Street Heaven?

Could Waaree Energies be the surprise winner of the 2024 US elections? If Trump returns, solar stocks might just skyrocket!

As the 2024 US presidential election approaches, all eyes are on the potential impact of Donald Trump's candidacy on global markets, particularly in the renewable energy sector. If Trump wins and proposes tariffs on Chinese solar modules, it could pave the way for Indian solar manufacturers such as Waaree Energies Ltd. to gain a significant competitive edge. This could potentially see Waaree Energies' already soaring market cap receive an additional boost, as investors gravitate towards companies poised to benefit from geopolitical shifts.

Speaking of soaring, Waaree Energies’ shares are at an all-time high. Since its initial public offering, the company has seen a staggering rise, hitting a fresh peak and increasing by an incredible 149% from its issue price. The market has been abuzz with energy as Waaree's shares jumped over Rs 35000 crore in market cap since the listing day, pushing the solar giant to achieve a coveted market cap of over ₹1 lakh crore. This milestone marks Waaree as the 93rd largest company in India, leaving well-established heavyweights in the dust!

But it doesn’t stop there! The stocks recorded a remarkable seven-day winning streak recently, driving the price up a colossal 150% since their debut. Investors are now left in a heated debate: to hold onto their booming shares or to book profit amid the unprecedented growth? With the hype around clean energy soaring to new heights, it’s no surprise that Waaree Energies is currently under the Additional Surveillance Measure (ASM) on BSE and NSE due to its increased volatility.

In an electrifying twist, Waaree Energies owes some of its success to a perfect storm brewing in the international arena. Anticipation of Trump’s policies along with India's push towards renewable energy makes it an exciting time for solar investment. Did you know the solar industry is going to play a pivotal role in India’s journey toward a sustainable future? Keep your eyes peeled, investors, because Waaree Energies might just become the front-runner in this green revolution!