Indian solar module exporters fall after Trump threatens 25% tariff, penalty
31/07/2025 06:07
** Shares of solar module exporters Waaree Energies WAAN.NS and Premier Energies PEME.NS fall 4.2% and 2.7%, respectively ** WAAN set to fall for a second straight session; however, stock is on track for a fifth monthly gain ** Decline in both stocks comes after U.S. said it would impose a 25% tariff on goods imported from India, starting August 1, and an unspecified penalty ** WAAN gets 17% of revenue from the U.S.; PEME also exposed, but exact share is not clear ** WAAN up ~10% YTD, PEME down 21% (Reporting by Yagnoseni Das in Bengaluru) ((Yagnoseni.Das@thomsonreuters.com;))
Recent news on Premier Energies
See all newsBrief: Premier Energies Announces Joint Venture With RCT Energy India For Bess Manufacturing
Brief: Premier Energies Secures New Orders Worth 40.01 Billion Rupees In Q2 FY 2027
Brief: Premier Energies Commissions Solar Cell Facility With 10.6 GW Capacity
Brief: Premier Energies Says Unit Enters Binding Term Sheet For Joint Venture With RCT Energy India
Brief: Premier Energies Approves Overseas Direct Investment Up To Sgd 100,000 With Initial Investment Of Sgd 10,000