Waaree Energies Stock Plunges 12% in 9 Days, Bernstein Rates 'Underperform'

• Waaree Energies shares dropped 5.6% on January 5, extending a 12.3% decline over the past 9 days since December 23.
• The stock's inclusion in the Futures and Options (F&O) segment on December 31, 2025, reportedly intensified selling pressure.
• Brokerage firm Bernstein issued an 'underperform' rating with a target price of Rs 2109, citing peak margins and future supply concerns.
• Despite the recent fall and Bernstein's rating, 9 out of 13 analysts covering the stock recommend a 'buy'.
• The company reported strong financials for Q2 FY25 and FY25, and recently secured a 1500 MW solar module supply order.

Why It Matters: Waaree Energies stock faces selling pressure and an 'underperform' rating despite strong financials and analyst support.