On April 22, 2025, Waaree Energies share price soared up to 8% after the US imposed hefty anti-dumping duties—up to 3,521%—on solar imports from Cambodia, Vietnam, Malaysia, and Thailand.
These Southeast Asian countries accounted for 77% of US solar module imports in 2024, creating a big opportunity for Indian firms like Waaree, which has 54% of its orders tied to the US.
Despite the gain, the stock is still 15% below its post-listing peak of ₹3,743.
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