India's Waaree Energies jumps about 8% after earnings forecast

Waaree Energies

23/04/2025 05:34

** Shares of Waaree Energies  WAAN.NS jump 7.6% to 2,814 rupees

** Solar energy module maker expects its FY26 EBITDA to nearly double to 55-60 billion rupees

** WAAN on Tuesday reported a 36% rise in Q4 profit on the back of strong demand for its modules

** Analysts tracking stock rate it "hold" on avg, same as smaller rival Premier Energies PEME.NS - data compiled by LSEG

** Day's gain narrows WAAN's YTD losses to 0.7%, while PEME trails with a ~23% decline

 (Reporting by Nandan Mandayam in Bengaluru)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))