Indian Solar Companies Waaree and Premier Energies Take a Big Hit as US Changes Clean Energy Rules

Shares of Indian solar companies Waaree Energies and Premier Energies dropped sharply—by as much as 11%—after the United States passed a new law that could make clean energy projects much harder and more expensive.

The news has shaken the solar industry in both the US and India, especially for companies that rely heavily on exporting solar panels to America.

What’s Going On in the US?

The US House of Representatives just approved a bill that pulls back on several major clean energy benefits. These benefits were helping solar, wind, and battery storage companies grow by giving them tax breaks and financial support.

Now, the new rules are cutting off those perks sooner than expected—by 2028—and making it harder to qualify. On top of that, some of the benefits that small clean energy companies relied on, like being able to sell or transfer tax credits, have been removed.

Experts say this could raise electricity bills for regular people and even lead to job losses in the clean energy industry.

Why Are Indian Solar Companies Affected?

Waaree Energies, one of India’s biggest solar panel makers, sends around 60% of its solar panels to the US. The company also set up a factory in Texas to make the most of the earlier US clean energy support.

But now, with those benefits being taken away, Waaree could earn a lot less from its US business. Some reports suggest the profits from its American operations could be cut in half.

Premier Energies, another large Indian solar company, also sells a good chunk of its panels to the US—about 14% of its total business. With the new rules, its sales and profits could take a hit too.

The Stock Market Reacts

It wasn’t just Waaree and Premier that saw their stock prices fall. Many clean energy companies around the world, especially in the US, also took a beating. Big names like Sunrun saw their shares crash by 37%, and a key clean energy stock index dropped 10%.

Back in India, investors are now worried that solar companies might struggle to stay competitive, especially since Indian-made panels cost more than those from other countries.

Analysts have also started giving more cautious views on these companies. Some now believe it will be tough for Waaree and Premier to grow quickly unless they can lower costs or find new markets.

What Are the Companies Doing About It?

Waaree says it’s still hopeful about demand in the US, even if the rules are changing. The company is also increasing its manufacturing capacity in India and looking for new customers in other countries.

Premier Energies is trying to reduce its dependence on the US market. It’s focusing more on business within India and exploring other ways to keep its growth on track.

What This Means for the Future

This sudden change in US policy has made things uncertain for the clean energy world. For Indian solar companies like Waaree and Premier, it’s a wake-up call to rethink their strategies.

They’re now being forced to adapt quickly, either by cutting costs, finding new markets, or depending more on domestic demand.

Only time will tell how these changes play out, but for now, the solar industry is clearly going through a storm—and investors are watching closely.