Waaree Energies Unaffected by US Tariffs, Expands US Manufacturing; Welspun Corp Incorporates UAE Subsidiary

Waaree Energies has clarified that the US Department of Commerce's preliminary 126% countervailing duty on solar imports from India does not affect its earnings, as the tariff targets solar cells' country of origin, and Waaree sources cells from countries with lower duties. The company is expanding its US manufacturing capacity to 4.2GW by mid-2026, supporting its order book and benefiting from US incentives. Analysts and brokers maintain bullish outlooks, citing Waaree's strategic sourcing and growth prospects. Separately, Welspun Corp's shares rose following the incorporation of its UAE subsidiary.