Waaree Renewables Share Price: Can a Fresh Breakout Trigger the Next Rally?
Waaree Renewables has seen a meteoric rise in recent years, followed by a significant correction. We analyse its share price trends, recent fall, breakout potential, and what investors must know.
Table of Contents
Introduction
Waaree Renewable Technologies Ltd has emerged as one of India’s most prominent renewable energy companies in the last few years. Its share price journey has been both spectacular and volatile, reflecting the renewable sector’s potential and risks. Recently, investors have witnessed a sharp fall of 41% in Waaree Renewables’ share price after an extraordinary rally of over 65,000% since 2020. Market participants now wonder – is another breakout imminent?
In this detailed analysis, we cover Waaree Renewables’ recent performance, technical levels, financial outlook, and expert views based on Economic Times’ July 16, 2025 report and updated market insights.
About Waaree Renewable Technologies
Company Overview
Waaree Renewables, part of the Waaree Group, specialises in providing solar energy solutions, EPC services, and operating large-scale renewable energy projects across India. The company has grown rapidly due to:
Government support for renewable energy
Rising demand for solar power
Its strong execution track record
Waaree Renewables Share Price Performance
The Massive Multi-Year Rally
From mid-2020 to early 2024, Waaree Renewables’ share price skyrocketed from mere pennies to multi-thousand levels, delivering an astronomical 65,000% return. This bull run was driven by:
Aggressive capacity expansion plans
Positive investor sentiment towards renewable energy stocks
Strong financial results quarter-on-quarter
The Recent 41% Fall
However, in the last six months, Waaree Renewables’ share price corrected sharply by over 41% from its record highs. According to the Economic Times report:
Correction Reasons: Profit booking, sector rotation, stretched valuations
Market Impact: Many retail investors who entered at higher levels are currently facing losses
Analyst Views: Correction is healthy if the company maintains earnings momentum
Technical Analysis: Breakout Potential
Key Levels to Watch
As per chart analysts tracking Waaree Renewables:
Resistance Level: ₹2,800
Immediate Support: ₹2,200
Breakout Trigger: Sustained close above ₹2,800 can open upside towards ₹3,500
Indicators
RSI (Relative Strength Index): Currently near 45, suggesting neutral momentum
MACD: Shows early signs of positive crossover
If buying volumes pick up in the coming sessions, technical experts believe the stock could enter a fresh breakout phase, attracting both swing traders and long-term investors.
Fundamental Outlook
Financial Performance Snapshot
Revenue (FY24-25): Grew by 40% YoY
Profitability: Margins remain strong due to high-value EPC contracts
Order Book: Healthy with upcoming solar projects in Maharashtra, Gujarat, and Rajasthan
Growth Drivers
Government Push: India aims to install 500 GW of renewable capacity by 2030
Falling Solar Costs: Improving project viability
Strong Promoter Holding: High promoter stake reflects confidence
Risks for Investors
Investing in Waaree Renewables involves risks including:
High stock volatility
Sectoral policy changes
Execution challenges in large projects
Global renewable energy market dynamics
Expert Views
Leading analysts quoted by Economic Times believe:
“Waaree Renewables remains fundamentally strong. A breakout above key resistance levels with volumes can result in a renewed uptrend. However, investors must remain cautious about valuation and position sizing.”
How to Track Waaree Renewables Share Price
Investors can track Waaree Renewables’ live share price on NSE/BSE websites, major financial apps, and business news platforms. For informed decisions:
Monitor earnings releases
Read technical analysis updates
Follow renewable sector policy developments
FAQ
1. What is Waaree Renewables’ business?
Waaree Renewables specialises in solar EPC projects, renewable energy solutions, and operates solar power plants across India.
2. Why did Waaree Renewables’ share price fall recently?
The stock corrected over 41% due to profit booking, stretched valuations, and sector rotation, after a multi-year rally of 65,000%.
3. Is Waaree Renewables a good investment?
While fundamentals remain strong, investors must consider market volatility, technical levels, and overall portfolio allocation before investing.
4. What is the breakout level for Waaree Renewables’ share price?
Technical analysts indicate ₹2,800 as a key breakout level. Sustained trade above this can lead to fresh upside towards ₹3,500.
Helpful Resources
NSE India – Waaree Renewables Stock Page
BSE India – Waaree Renewables Company Updates
MNRE India – Solar Energy Growth Policy Reports
Conclusion
Waaree Renewables has delivered life-changing returns for early investors. Despite the recent fall, its business model remains robust with strong order books and government-backed growth prospects. However, market volatility and sector risks demand a balanced approach. Investors should analyse both technical triggers and long-term fundamentals before making fresh allocations.
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