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Waaree Energies shares rose as much as 3.7% on Thursday, extending their two-day rally, after the company said its U.S. arm had landed a 452 megawatt (MW) solar module order from a well-known American solar and energy storage developer.
The company stated in its filing that the deal is a one-off contract, which will be delivered over fiscal years 2025–26 and 2026–27.
The deal adds to a series of large international wins, including a 540 MW order finalised in June and recent contracts of 586 MW and 599 MW with other American developers.
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Waaree is also working to double its manufacturing capacity at its Brookshire, Texas, facility to 3.2 gigawatts (GW) by the end of 2025.
Technical View
SEBI-registered analyst Sameer Pande said Waaree Energies looks strong on weekly charts, supported by supertrend, the 20-day exponential moving average (EMA), and the volume-weighted average price (VWAP).
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He noted that the relative strength index (RSI) is trading near 62, indicating positive momentum, with strong support seen in the ₹3,100–₹3,000 range.
On the daily charts, Pande observed a supertrend breakout with RSI also around 62. He added that the stock has successfully breached its earlier resistance at ₹3,300, opening up further upside potential.
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Pande placed a stop loss at ₹3,200 on a closing basis.
What Is The Retail Mood?
On Stocktwits, retail sentiment for Waaree was ‘bullish’ amid ‘high’ message volume.
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Waaree’s stock has risen 18.3% so far in 2025.
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