Bernstein Stays Bearish on Premier, Waaree Energies Amid Supply Glut Fears

• Bernstein maintains a bearish stance on Premier Energies and Waaree Energies, despite acknowledging them as "good companies."
• Both stocks fell over 5% on Monday, January 5, with Premier down 7% and Waaree down 5.4%.
• Bernstein cites an impending supply wave, soft demand, and delayed utility-scale solar demand (FY28-29) as reasons for its outlook.
• The brokerage expects margin compression for these companies to be visible from Q3 FY26 results.
• Premier's price target cut to ₹718; Waaree's marginally raised to ₹2,109, while Waaree's subsidiary secured ₹1,003 crore funding.

Why It Matters: Bernstein warns of margin compression for Premier and Waaree Energies due to oversupply and soft demand.