Waaree Energies Leads Renewable Stocks Rally After India-US Trade Deal
Waaree Energies led a surge in Indian renewable energy shares today, climbing over 13% amid excitement over a fresh India-US trade pact. This agreement, revealed by US President Donald Trump after discussions with PM Narendra Modi, slashes tariffs and opens doors for green exports.
Waaree Energies, Suzlon Surge on Tariff Cuts to 18%
The US has trimmed reciprocal tariffs on Indian goods from 25% to 18%, a move Trump shared on Truth Social on 2 February 2026. It follows strains from India's Russian oil buys, hit with penalties since August 2025.
India pledges to pause those oil imports and boost US purchases in energy, tech, agriculture, and coal—aiming for $500 billion over time. PM Modi hailed it on X as a boon for India's 1.4 billion people and stronger ties between democracies.
This positions India better than some Asian rivals at 20% tariffs, aiding exporters. Experts note it may curb foreign fund outflows, steady the rupee, and brighten market sentiment.
Top Renewable Shares Jump Up to 14% Today
Waaree Energies rocketed 13% to Rs 3,174.90, its market cap topping Rs 90,000 crore—still 19% shy of peaks. With heavy US exposure, it's poised to gain most from cheaper exports.
Adani Green Energy rose to Rs 951.35 from Rs 824.80, market cap nearing Rs 1.6 lakh crore, down 20% from September 2025 highs. Premier Energies gained 10% to Rs 808.35, valuation close to Rs 37,000 crore.
Vikram Solar added over 9% to Rs 218.05 after a 55% prior slide. Emmvee Photovoltaic locked at 10% upper circuit on Rs 212.85, Saatvik Green Energy up 6.4% to Rs 416, and NTPC Green Energy nearly 4% higher at Rs 88.55.
Suzlon Energy in wind soared 5.75% to Rs 49.67, market cap near Rs 68,000 crore post-recent lows. Inox Wind hit Rs 110.60.
Trade Deal Unlocks Green Energy Export Boom
Waaree Energies shines with 59% of its 25GW orders from overseas, mainly the US, per broker notes. Tariff drops from 50% to 18% boost edges, margins, and demand there.
The pact lifts a drag on stocks amid $34 billion FII sales over 16 months and rupee woes. Indian markets led emerging peers in 2025 but dipped in January 2026.
Renewables could rebound as a growth star. Shares lag 52-week highs, suggesting upside if exports flow and policies hold firm amid global green push.
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