Green energy may be the future, but last Friday, the market decided it needed a coffee break. Shares of Waaree Energies Ltd. and Premier Energies Ltd. tumbled as much as 10%—thanks to a political curveball thrown across the Pacific by none other than Donald Trump. Here’s what happened, why it matters, and where things might be heading.
The Trigger: Trouble in the U.S. Solar Paradise
The drama started overnight in the U.S. markets. Big clean energy names like:
- Sunrun (America’s rooftop solar king)
- NextEra Energy (the wind & solar Goliath)
…got smacked hard. We’re talking drops ranging from 7% all the way to 37%. Ouch.
Why the panic? A new tax bill backed by former (and possibly future) U.S. President Donald Trump. The bill targets the Inflation Reduction Act (IRA)—the same one that was pumping subsidies and tax credits into the clean energy sector like a solar-powered IV drip.
Key takeaways from the bill:
- Aims to kill the 30% federal tax credit for solar rooftop installations.
- Slashes funding for green energy developers.
- Passed in the House by just one vote (215–214) and now heads to the Senate.
Why Waaree and Premier Got Dragged Into This
The market doesn’t wait for the sequel—it reacts in real time.
| Company | Stock Impact | U.S. Exposure | Market Cap | Moving Averages Insight | Notes |
|---|---|---|---|---|---|
| Waaree Energies | ▼ Down 10% | 57% order book tied to U.S. | ₹79,451 crore | Below 5, 10, 20-day MA. Still above 30, 50, 100-day | ₹47,000 crore order book. Huge export focus. |
| Premier Energies | ▼ Down 4.5% | Minimal exports | ₹46,790 crore | Not heavily impacted by MA trends | Domestic-focused, but caught in the market mood swing. |
Jefferies Throws a Yellow Flag
Analysts at brokerage giant Jefferies didn’t mince words. In a note to investors, they warned that if the bill becomes law:
- Large-scale and rooftop solar installations could meaningfully slow down.
- That puts 57% of Waaree’s order book at risk—a big chunk aimed at the U.S.
And with that kind of uncertainty hanging in the air, investors started heading for the exits.
What Else Is the Market Saying?
- Premier Energies share price slipped to ₹1,042 from ₹1,083.85.
- Waaree Energies share price extended losses to 10%, under heavy turnover—₹25.81 crore worth of trades and nearly 0.92 lakh shares exchanged hands on BSE.
- Both names ended up top losers on the Nifty 500 index.
Final Word: Is It Time to Panic?
Not necessarily—but it is time to pay attention.
While Premier Energies is relatively insulated from U.S. drama, Waaree Energies is deeply tied to it. The bill still needs to pass the Senate, so there’s a chance for course correction.
But if you’re watching the Waaree Energies news or tracking the Premier Energies share price, keep your eyes on Washington as much as Mumbai.
Green energy is still very much alive. But for now, it might be wearing a neck brace.
