Whalesbook
US mein Solar ka game changers? Waaree ka bada plan!
So, Waaree Energies ke Chairman aur MD, Hitesh Doshi ne bola hai ki company US mein ek solar cell manufacturing plant lagane ka soch rahi hai. Yeh unke already chal rahe US module manufacturing expansion ke baad ho raha hai, jisse unki capacity 1.6 GW se badh kar 4.5 GW ho jayegi sirf 6 mahine mein. Haal hi mein unhone bankrupt Meyer Burger ke US assets bhi $18.5 million mein kharid liye the, jisme 1 GW HJT module assembly line hai.
Company ki market cap ab lagbhag ₹92,900 Crore hai, aur shares ₹3230.10 ke aas paas chal rahe hain. Inka P/E ratio 25x hai. Motilal Oswal jaise analysts bhi 'Buy' rating de rahe hain aur ₹3,850 ka target price de rahe hain, matlab 19% ka upside expect kar rahe hain.
US Market ka craze aur competition!
America mein solar ki demand bohot hai, saal mein 50-60 GW ki, aur 80-85% import par depend karte hain. Isi liye local manufacturing ka bohot scope hai. Waaree yahan market share pakadna chahti hai.
Par bhai, competition bhi tagda hai. First Solar 2026 tak 14 GW capacity bana raha hai, aur Canadian Solar bhi Texas mein 10 GW module aur Indiana mein 6.3 GW cell capacity bana raha hai 2026 end tak. Waaree ko Inflation Reduction Act (IRA) ka fayda mil raha hai, jo local manufacturing ko badhawa de raha hai.
₹10,000 Crore se diversification!
Module ke alawa, Waaree ab battery storage, electrolysers, inverters, transformers, solar glass aur semiconductors mein bhi ghusne ka plan bana rahi hai. Is expansion ke liye aur potential acquisitions ke liye ₹10,000 Crore judane ki planning hai. Company ka FY27 ke liye operating EBITDA ka target ₹7,000-7,700 Crore hai, jo FY26 ke ₹6,616.79 Crore se zyada hai. FY26 mein unki revenue ₹26,536.77 Crore aur net profit ₹3,884.15 Crore thi. Woh log 20 GW ki advanced lithium-ion cell aur battery pack manufacturing facility bhi start karne wale hain.
Kuch challenges bhi hain...
Par sab kuch smooth nahi hai. Commodity prices (silver, copper) aur shipping costs se margins par pressure aa sakta hai. US market bohot competitive hai aur policies bhi change ho sakti hain. Aur haan, US Customs and Border Protection, Indian Income Tax authorities aur ek international arbitration mein bhi kuch investigations chal rahi hain, jisse reputational risk ho sakta hai.
Analysts kya bol rahe hain?
Analysts ka view generally positive hai, bohot growth expect kar rahe hain. Long-term mein 2030 tak ₹1 trillion revenue ka target bhi rakha hai company ne. Yeh sab plans Waaree ko global energy transition mein ek bada player banane mein help karenge.