Waaree Energies shares jump 2% after $30 million US solar investment

Shares of Waaree Energies Limited opened higher on Wednesday and extended gains through the morning session on the National Stock Exchange, trading at ₹2,710.40 by 9.40 am, up 2.06 per cent or ₹54.70 from the previous close of ₹2,655.70. The stock touched an intraday high of ₹2,722.10 against an open of ₹2,676.20.

The move followed a regulatory filing dated March 10, 2026, in which the Mumbai-based solar manufacturer disclosed that its wholly owned US subsidiary, Waaree Solar Americas Inc. (WSA), had executed a Share Subscription Agreement with United Solar Holdings Inc. (USH). Under the deal, WSA will subscribe to approximately 53,68,551 Series B preferred shares of USH for a total consideration of approximately $30 million, subject to conditions precedent to closing.

The filing noted the transaction is not a related party transaction and that no promoter or promoter group entity has any interest in the deal.

The filing described this as a follow-up to an earlier disclosure made on December 19, 2025, suggesting the investment had been in the works for several months before formal agreement was reached.

Published on March 11, 2026