India solar stocks rise; limited US duty impact for key players, says Nomura

Premier Energies

26/02/2026 05:51

** Nomura says United States' preliminary 126% countervailing duty on Indian solar exports may have limited impact on firms with diversified sourcing and overseas exposure

** Adds, companies using imported solar cells, including Waaree, are less exposed to duties tied to domestic subsidy-linked production

** Shares of Waaree Energies WAAN.NS rise 1.2% to 2,742 rupees, Premier Energies PEME.NS up 0.1% to 730.70 rupees, and Borosil Renewables BORO.NS gain 0.87% to 477.70 rupees

** Waaree Energies and Premier Energies have said the development does not materially affect their operations

** Strong US solar demand of 50–60 GW annually continues to support export opportunity - Nomura

** However, duty still poses broader headwind for Indian manufacturers reliant on subsidised domestic supply chains

** YTD, WAAN down 8.7%, PEME lost 13.4% and BORO dropped 12.8%

 (Reporting by Surbhi Misra in Bengaluru)

 ((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))