Shares of Waaree Energies Ltd grew more than 1% on 23 January after the company announced that Waaree Solar Americas Inc., a subsidiary, has started commercial production of a 1.6 gigawatt (GW) Solar Module line at its Unit situated in Brookshire, Texas, USA.
In an exchange filing, Waaree Energies said, “This is to inform you that Waaree Solar Americas Inc. wholly owned subsidiary of the Company, has today started its commercial production of 1.6 GW Solar Module line at its Unit situated at Brookshire, in the state of Texas, USA.”
Earlier on 21 January, the company completed the supply of 132.5 MWp solar modules ordered for Radiance Renewables’ commercial and industrial project. The company had manufactured and supplied 575/580 Wp n-type TOPCon solar modules for the project.
The order was given to the company by Radiance Renewables in July 2024.
Founded in 1990, Waaree Energies is a leading renewable energy company in India that is accelerating the global energy revolution. The company, which has its headquarters in Mumbai, operates state-of-the-art production facilities with an installed capacity of approximately 13.3 GW for solar PV modules (including 1.3 GW of Indosolar).
With operations in India and over 25 other nations, it offers state-of-the-art solar solutions, including rooftop systems, EPC services, panel manufacturing, and project development.
However, at 2:12 pm, the shares of Waaree Energies were trading 2.97% lower at Rs 2,353.15 on NSE.
Tired of guessing stocks to trade in daily?
Unicorn Signals empowers you with powerful tools like daily stock scans for Intraday, Swing & Investing, Market Predictions and much more. Download the Unicorn Signals app today and take control of your investments!
