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News Topical, Digital Desk : Stock Crash After US Tariff Shock: Shares of Waaree Energies Limited, Premier Energies and Vikram Solar fell by up to 15 percent on Wednesday, February 25. The decline came after US President Donald Trump's administration imposed an initial duty of 126 percent on solar imports from India.
- Waaree Energies Share Price - The shares had fallen by 15 per cent and are now trading with a decline of about 12 per cent.
- Premier Energies Share Price - Shares had fallen by 13 per cent, but due to the company's very low export exposure, it is trying to recover from the day's low and is currently trading with a decline of about 7 per cent.
- Vikram Solar Share Price – The stock fell by 5 percent.
Donald Trump Tariff News
According to the US Commerce Department, these tariffs have been fixed on the basis of foreign subsidies, which gave exporters the advantage of selling at a lower price than domestic solar producers. Initial duties of 86 percent to 143 percent have been fixed on imports from Indonesia and 81 percent on imports from Laos. These duties are different from the reciprocal tariffs of the Trump administration, which were struck down by the US Supreme Court last week. After this, Trump first announced a 10 percent tariff and later increased it to 15 percent. The 10 percent tariff came into effect from last night local time.
Solar imports from India to reach $792.6 million in 2024
According to the US Department of Commerce, solar imports from India in 2024 were estimated at $792.6 million, a growth of more than nine times compared to 2022. Citi analyst Vikram Bagri said that high duty rates will largely make the US market unavailable to Indian solar panel manufacturers.
Waaree Energies has potential in the US market and stated that the US is a key market for it, where it is increasing production and investment. The company recently acquired Meyer Burger and is exploring other growth opportunities. At the end of the third quarter, the company's order book stood at ₹60,000 crore (₹60,000 crore) and it expressed confidence in exceeding its EBITDA estimate of ₹5,500 crore to ₹6,000 crore (₹55 billion to ₹6 billion) for FY2026. Premier Energies does not have much exposure to the US market, while 20% of Vikram Solar's order book comes from exports.
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