India's Waaree Energies drops as US initiates probe on solar panel imports

Waaree Energies

13/08/2025 06:04

** India's Waaree Energies WAAN.NS falls 4.7% to one-month low of 2,940 rupees

** U.S. initiates anti dumping duty and countervailing duty investigations of crystalline silicon cells imported from India, Indonesia and Laos

** U.S. International Trade Commission to issue preliminary determination on September 2

** WAAN got 68% of its revenue from overseas customers, primarily U.S., during the April-June quarter

** Premier Energies PEME.NS also down 2.1% at 996.2 rupees

** Average rating of four analysts on WAAN "sell"; median PT at 2,397.5 rupees, as per LSEG data

** YTD, WAAN up 3%

 (Reporting by Vivek Kumar M)

 ((VivekKumar.M@thomsonreuters.com;))