Waaree Energies shares jump over 4% as US subsidiary secures 599 MW solar module order

Shares rose over 4% to Rs 2,955 after Waaree Solar Americas secured a 599 MW module order from a major U.S. client.

Stock saw strong volume with 1.71 lakh shares traded vs 1.41 lakh 2-week average.

Company also announced two acquisitions: Kamath Transformers (Rs 293 cr) and Green New Delhi Forever Energy to aid expansion.

Despite recent gains, analysts maintain a ‘Sell’ rating with a Rs 2,602 target, implying 11% downside from current levels.