Waaree Energies: Analysts Maintain 'Buy' Despite US Solar Duty Concerns

• 73% of analysts maintain a 'buy' rating on Waaree Energies stock, despite a 40% correction from its peak.
• Waaree Energies clarified that it is not impacted by the US's 126% solar product import duty, as its US supplies do not use Indian-manufactured solar cells.
• Nomura maintained a 'buy' rating with a target of ₹2,709, citing a diversified supply chain and limited impact from US duties.
• Motilal Oswal and Nuvama also hold 'buy' ratings with price targets of ₹3,514 and ₹3,867 respectively.
• Waaree is expanding its US manufacturing capacity to 4.2 GW by H1 2026, with margins expected to be stable due to price pass-throughs.