Synopsis

Solar stocks fell up to 15% after US imposed 126% preliminary duty on Indian solar imports, with additional duties announced for Indonesia and Laos.

Content

Introduction

Leading Indian solar manufacturers saw shares fall up to 15% after the US imposed 126% preliminary duty on solar imports, restricting market access and raising tariffs globally.

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US Imposes 126% Solar Duty

Shares of Waaree Energies Ltd., Premier Energies Ltd., and Vikram Solar Ltd. fell up to 15% on February 25 after the Trump administration announced preliminary duties on solar imports.

The United States set preliminary duties of 126% on solar imports from India. Duties ranged between 86% and 143% for Indonesia and 81% for Laos.

The US Commerce Department said the rates were based on foreign subsidies that allowed exporters to undercut domestic solar producers in the United States market.

These duties are separate from reciprocal tariffs previously imposed by the Trump administration. A 10% universal tariff took effect before it was raised to 15% over the weekend.

Solar imports from India were valued at $792.6 million in 2024, over nine times 2022 levels. Citi analyst Vikram Bagri said high duties could restrict US market access.

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The solar stocks that are in focus:

Waaree Energies Ltd

On February 25, 2026, Waaree Energies Ltd opened at ₹2,815.10, down 6.95% from its previous close of ₹3,025.20. The stock reached a high of ₹2,820.55 and a low of ₹2,571.45 (15.00%). By 11:45 AM, it traded at ₹2,686.30, an 11.20% decrease, with a market cap of ₹77,289.11 crore.

Premier Energies Ltd

On February 25, 2026, Premier Energies Ltd opened at ₹700.05, down 9.97% from its previous close of ₹777.80. The stock reached a high of ₹744.00 and a low of ₹667.05 (14.24%). By 11:47 AM, it traded at ₹737.40, a 5.19% decrease, with a market cap of ₹33,403.80 crore.

Vikram Solar Ltd

On February 25, 2026, Vikram Solar Ltd opened at ₹179.35, down 3.24% from its previous close of ₹185.35. The stock reached a high of ₹179.35 and a low of ₹171.50 (7.49%). By 11:48 AM, it traded at ₹177.25, a 4.37% decrease, with a market cap of ₹6,422.30 crore.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

FAQs

Q: Why did solar stocks like Waaree Energies, Premier Energies, and Vikram Solar shares fall today?
A: Shares of solar stocks fell due to the US imposing preliminary duties of up to 126% on solar imports from India.

Q: What is the US preliminary duty on solar imports from India?
A: The US set preliminary duties of 126% on Indian solar imports, citing foreign subsidies undercutting domestic producers.

Q: How will the US duties affect Indian solar companies?
A: The high duties will limit access to the US market, impacting sales and export opportunities for Indian solar manufacturers.