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F-14/15, Orbit Mall, Civil Lines, Jaipur-302006 support@thetaxheaven.comWaaree Energies Ltd, one of India’s largest solar PV module manufacturers and a prominent name in the global renewable energy sector, continues to gain investor attention as the world accelerates toward clean energy adoption. With massive capacity expansions, rising export demand, and strong domestic policy support, Waaree Energies stands at the forefront of India’s solar manufacturing revolution.
In this article, we examine Waaree Energies Ltd's share price target from 2026 to 2030, supported by current market data, business fundamentals, industry trends, and long-term growth prospects.
| Detail | Value |
|---|---|
| Open | ₹2,884.40 |
| Previous Close | ₹2,884.10 |
| Day’s High | ₹2,898.60 |
| Day’s Low | ₹2,825.00 |
| VWAP | ₹2,863.68 |
| Volume | 7,73,888 |
| Value (Lacs) | 22,290.30 |
| Market Capitalization | ₹82,849 Cr |
| Beta | 1.29 |
| 52-Week High | ₹3,865.00 |
| 52-Week Low | ₹1,863.00 |
| All-Time High | ₹3,865.00 |
| All-Time Low | ₹1,863.00 |
| UC Limit | ₹3,460.90 |
| LC Limit | ₹2,307.30 |
| Face Value | ₹10 |
| Book Value Per Share | ₹327.06 |
| Investor Type | Holding (%) |
|---|---|
| Promoters | 64.22% |
| Retail & Others | 26.60% |
| Foreign Institutions | 6.35% |
| Mutual Funds | 1.32% |
| Other Domestic Institutions | 1.50% |
The high promoter holding reflects strong confidence in the long-term vision of the company.
Waaree Energies Ltd is among India’s leading solar panel manufacturers with robust capacity, global certifications, and a rapidly expanding export footprint. The company supplies modules for rooftop projects, utility-scale solar parks, and international markets.
One of India’s top solar PV module manufacturers
Strong export demand amid global diversification away from China
Rising government support via PLI schemes and domestic manufacturing incentives
Large promoter holding ensures stable leadership
Expanding manufacturing capacity
India’s renewable energy target: 500 GW by 2030
Solar to remain the fastest-growing energy source
Growing interest in solar via corporates, government tenders, and residential users
Global shift toward energy security boosting domestic manufacturing
| Year | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| 2026 | 3,300 | 3,550 |
| 2027 | 3,700 | 4,100 |
| 2028 | 4,250 | 4,700 |
| 2029 | 4,800 | 5,400 |
| 2030 | 5,600 | 6,200 |
These projections factor in capacity growth, global demand, rising exports, and sector-wide clean-energy transformations.
Strong domestic and export orders are expected to drive revenue expansion by 2026.
Growth Drivers:
Continued expansion of module production
Increased adoption of solar rooftops
Strong domestic demand from industrial consumers
Investment View:
A strong medium-term opportunity backed by sectoral momentum.
By 2027, capacity expansion and penetration in global markets could enhance valuation.
Growth Drivers:
Market share expansion in both domestic and international markets
Benefits from PLI incentives
Improved economies of scale
Investment View:
Ideal for long-term investors seeking renewable sector exposure.
The company may enter new verticals like storage or advanced module technologies.
Growth Drivers:
Introduction of high-efficiency modules (TOPCon / HJT)
Export-led revenue growth
Rising corporate sustainability adoption
Operational efficiency and improved margins may support stable upward trend.
Growth Drivers:
Increased global contracts
Indian renewable energy project acceleration
Stronger profitability metrics
By 2030, Waaree may emerge as one of the world’s top solar manufacturers.
Growth Drivers:
Massive scale expansion
Global solar industry crossing new adoption milestones
Strong financial stability backed by long-term demand
Investment View:
A potentially strong wealth-creation story aligned with global clean energy trends.
Strong promoter holding (64%+) ensures stable leadership
Beneficiary of India’s renewable energy mission
One of India’s largest solar manufacturers
High demand from both domestic and export markets
Clean energy sector likely to grow exponentially by 2030
High competition from global manufacturers
Module price volatility
Renewable policy dependency
High valuations during market rallies
Waaree Energies Ltd stands as a powerful contender in the renewable energy industry. With rising manufacturing capability, global demand, and India's push toward solar independence, the company is positioned for significant growth.
Based on current performance and long-term industry outlook, the stock may reach ₹5,600 to ₹6,200 by 2030, making it a potentially valuable long-term investment for those aligned with the fast-expanding clean energy theme.
1. What is the current share price of Waaree Energies Ltd?
It opened at ₹2,884.40, with a high of ₹2,898.60.
2. What is the 2026 share price target?
₹3,300 – ₹3,550.
3. Is Waaree Energies Ltd a good long-term investment?
Yes, particularly for investors seeking exposure to renewable energy manufacturing.
4. What is the share price target for 2030?
₹5,600 – ₹6,200.
5. What factors influence Waaree Energies stock the most?
Solar module demand, manufacturing expansion, global energy transition, and government incentives.
Disclaimer: This article is for educational purposes only. Please consult a financial advisor before making investment decisions.
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