Introduction
Waaree Energies Ltd., one of India’s leading solar module manufacturers, is at the forefront of the renewable energy revolution. With ambitious expansion plans and increasing demand for clean energy, Waaree has been a hot pick for investors. But will it continue its growth momentum? Let’s analyze its fundamentals, future projects, risks, and stock price targets for 2025-2030.
Current Fundamental Analysis
Parameter | Value (As of 2025) |
Current Price | ₹2,150 |
Market Cap | ₹62,000 Crore |
P/E Ratio | 36.5 |
Book Value | ₹293 per share |
Dividend Yield | 0.00% |
52-Week High/Low | ₹3,800 / ₹2,026 |
FII Holding | 1.4% |
DII Holding | 2.5% |
Future Projects & Growth Strategy
6 GW Solar Module Expansion: Waaree is setting up a 6 GW integrated solar cell and module manufacturing plant, enhancing production capacity significantly.
PM Suryaghar Muft Bijli Yojana: The company's rooftop solar segment is expected to contribute 30% of total revenue, supported by government initiatives.
International Expansion: Plans to expand exports, especially in the EU and Middle Eastern markets, strengthening global presence.
New Product Line - Energy Storage: Waaree is entering the battery storage solutions market, aiming to capture a large share of the growing renewable storage sector.
These strategic moves position Waaree Energies as a long-term growth stock in the renewable energy space.
Future Risks & Challenges
Dependence on Global Demand: Waaree exports heavily, making it vulnerable to international policy changes.
Foreign Exchange Risks: As a key exporter, currency fluctuations can impact profitability.
Competition from China: Indian solar firms face challenges from cheaper Chinese imports, potentially affecting market share.
Regulatory Uncertainty: Changes in government policies regarding renewable energy subsidies could impact revenue streams.
While Waaree has a solid growth trajectory, these risks should be factored into investment decisions.
Short-Term Stock Target Price (2025-2026)
Year | Bearish Target (₹) | Bullish Target (₹) |
2025 | 1,350 | 1,525 |
2026 | 1,750 | 2,000 |
Big Funds & Banks' Short-Term Views
Goldman Sachs: ₹1,500 target by 2025, citing strong order book.
ICICI Securities: ₹1,700 target by 2026, bullish on government incentives.
Long-Term Stock Target Price (2027-2030)
Year | Bearish Target (₹) | Bullish Target (₹) |
2027 | 1,800 | 2,200 |
2028 | 2,200 | 2,500 |
2029 | 2,600 | 2,850 |
2030 | 2,400 | 2,700 |
Big Funds & Banks' Long-Term Views
Morgan Stanley: ₹2,500 by 2030, backed by massive renewable energy adoption.
Motilal Oswal: ₹2,800 by 2030, citing strong global demand.
Financial Growth Analysis
Metric | 2023-24 Growth (%) |
Revenue Growth | 22% |
Profit Growth | 18% |
EBITDA Growth | 20% |
Waaree has been consistently delivering strong growth, reinforcing its long-term potential.
Conclusion: Should You Invest?
Waaree Energies is a market leader in solar energy, with significant expansion plans and strong financials. While risks exist, the growth potential outweighs the concerns for long-term investors. Investors seeking exposure to the renewable energy boom may find Waaree Energies a compelling pick.
Disclaimer
This article is for informational purposes only and does not constitute financial advice. Investing in the stock market involves risks. Please conduct your own research or consult a financial expert before making investment decisions.
Comments