Waaree Energies Set to Soar! Analyst Forecasts Massive Solar Boom & ₹4000 Target!

Motilal Oswal's recent research report offers a bullish outlook on Waaree Energies Limited, projecting India's total installed solar capacity to surge from 100 Gigawatts (GW) in the first quarter of fiscal year 2026 to 160 GW by fiscal year 2028. This significant expansion is expected to be fueled by a strong increase in utility-scale solar bids, which rose from 20 GW in FY23 to 69 GW in FY24, alongside accelerated demand from government initiatives like the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM Kusum) and the Suryaghar Muft Bijli Yojana. These factors are anticipated to drive robust growth for Waaree's primary domestic module manufacturing business during FY26-27.

Furthermore, the Union government has shown a strong commitment to promoting domestic green energy production by introducing regulations that mandate the use of indigenously manufactured solar modules and cells. This policy direction directly benefits Waaree Energies by creating a protected market for its products.

Impact This news is highly positive for Waaree Energies and the broader Indian renewable energy sector. The projected capacity growth, coupled with government support for domestic manufacturing, creates a favorable environment for the company. Investors can expect potential stock price appreciation driven by these fundamental growth drivers and the analyst's target price. The report suggests a significant upside potential. Rating: 9/10

Definitions: * Gigawatt (GW): A unit of power equal to one billion watts, commonly used to measure the capacity of electricity generation plants. * Fiscal Year (FY): A 12-month period for accounting purposes, which may differ from the calendar year. India's fiscal year runs from April 1 to March 31. * Utility-scale bids: Competitive tenders issued by government or private entities to select developers for large-scale power projects, often based on price and technical feasibility. * PM Kusum: Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan, a government scheme to promote solar energy use in the agricultural sector. * Suryaghar Muft Bijli Yojana: A government scheme aimed at providing free electricity to households through rooftop solar installations. * Indigenize: To make or become indigenous; to adapt to the local environment or culture. In this context, it means promoting manufacturing within India. * Sum-of-the-parts (SoTP) methodology: A valuation method where a company is valued by adding up the estimated values of its individual business segments. * Target Price (TP): The price at which an investment analyst or firm expects a stock to trade within a specified timeframe.