Waaree Energies Share Price Target 2024, 2025, 2030, 2040, 2050 Detail Analysis | Waaree Energies Ltd Share Price Target : Premier Energies shares reached a lifetime high on the BSE on Tuesday, rising 4.84 percent during intraday trades. Premier Energies shares rose after its parent company announced it had won a Rs 215 crore contract from State Department of Agriculture Uttar Pradesh.
On September 3rd 2024, shares of this company were listed and have increased 181% from their initial offering price of Rs 450 per share.
See More : Swiggy Share Price Target 2024, 2025, 2026, 2030, 2040, 2050
Uttar Pradesh Department of Agriculture placed an order with us for 8,085 solar-powered water pumps with 5-year warranties and supply, commissioning and installation services provided. This project, valued at Rs. 50 Crore is valued at a whopping Rs. 55 Crore.
This work order forms part-B of PM-KUSUM’s (Pradhan Mantri Kisan Utthaan Utthaan Mahabhiyan) scheme to ensure energy security for Indian farmers while fulfilling India’s pledge of increasing nonfossil fuel-generated capacity to 40% by 2030.
Premier Energies, India’s second-largest integrated solar cell and module producer, boasts an installed capacity of 2,36GW modules and 3,36GW cells.
This company is an industry leader in solar energy value chains, offering engineering, procurement and construction (EPC), operation and maintenance (O&M) services and independent power generation (IPP). They operate five production facilities located in Hyderabad, Telangana.
Premier Energies reported a total operating revenue of Rs 1,567.36 crores for their fiscal year ending June 30 2024 and total operating revenue of Rs 3,143.80 billions during that same time. Based on data provided in Red Herring Prospectus, Premier Energies reported a consolidated profit attributable owners for Quarter 1 FY25 of Rs 198.16 and 231.36 respectively.
At Rs 56137.19 crore in market value, its share price increased 3.14 percent compared to yesterday’s closing at 1,244.35 rupees; BSE Sensex traded 0.12 percent lower at 81 658.
Waaree Energys’ share price target can help you gain a better understanding of their stock, while simultaneously exploring financials, fundamentals and market trends.
This post will examine Waaree Energies share price target. Additionally, we’ll talk about their capacity, growth plans and operating area.
Waaree Energys Share Price Target: market outlook
| Parameter | Value |
|---|---|
| Open | ₹2,732.35 |
| Previous Close | ₹2,722.15 |
| All-Time High | ₹3,743.00 |
| All-Time Low | ₹2,300.00 |
| Upper Circuit | ₹2,994.35 |
| Lower Circuit | ₹2,449.95 |
| 52-Week High | ₹3,743.00 |
| 52-Week Low | ₹2,300.00 |
| Volume | 4,528,208 |
| Book Value | – |
| Face Value | ₹10 |
| Market Cap | ₹81,569 Cr |
Premier Energies Share Price Targets From 2024 To 2030
Here’s the data in table form:
| Year | Share Price Target (Rs.) |
|---|---|
| 2024 | 1320 |
| 2025 | 1430 |
| 2026 | 1545 |
| 2027 | 1678 |
| 2028 | 1786 |
| 2029 | 1989 |
| 2030 | 1995 |
This work order falls under component-B of PM-KUSUM (Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan) scheme aimed at ensuring energy security for farmers in India, along with honouring India’s commitment to increase the share of installed capacity of electric power from non-fossil-fuel sources to 40 per cent by 2030 as part of intended nationally determined contributions (INDCs).
Premier Energies is India’s second-largest integrated solar cell and module manufacturer, with an annual installed capacity of 2 GW for cells and 3.36 GW for modules.
Shareholding Pattern For Premier Energies Share Price
The ownership distribution of the company is as follows: Promoters hold a majority stake of 64.25%, while Retail and Others collectively own 27.31%. Foreign Institutions have a relatively small share of 3.39%, and Mutual Funds hold 3.34% of the total shares. Other Domestic Institutions account for 1.71% of the ownership.
| Category | Ownership (%) |
|---|---|
| Promoters | 64.25% |
| Retail and Others | 27.31% |
| Foreign Institutions | 3.39% |
| Mutual Funds | 3.34% |
| Other Domestic Institutions | 1.71% |
Annual Income Statement for Premier Energies Share Price
The income statement of 2023 is significantly different from the year before. The company reported a revenue of 14,29 billion INR. This represents a 92.30% increase from the previous year. Operating expenses were 1.79 billion INR and also increased by 68.91%. The company still reported a net profit of -128.05 millions INR, which is a 10.83% increase from the previous year. The net profit margin of -0.90 showed a positive change in 53.37%. The earnings per share is not available (N/A). EBITDA in 2023 was 1.01 billion Indian rupees, a significant increase of 149.73%. The effective tax rate for 2023 was -71.86%. However, the change from year to year is not applicable.
Here’s the content in table form:
| (INR) | 2023 | Y/Y Change |
|---|---|---|
| Revenue | 14.29B | 92.30%(+) |
| Operating Expense | 1.79B | 68.91%(+) |
| Net Income | -128.05M | 10.83%(+) |
| Net Profit Margin | -0.90 | 53.37%(+) |
| Earnings per Share | N/A | N/A |
| EBITDA | 1.01B | 149.73%(+) |
| Effective Tax Rate | -71.86% | N/A |
Key Factors Influencing Premier Energies Share Price
- Increase in renewable energies –This agency has an advantage with increasing government initiatives, international pressure and innovation to create cleaner strength.
- Technological Growth- Adopting new tech savvy behavior reduces charges and costs-effective and efficient working.
A background
Waaree Energies
Waaree Energies Limited was established in 2007 and has since grown to become India’s largest manufacturer of solar PV panels, with the largest aggregate installed capacities of 12 GW by 30 June 2024.
It achieved the second highest operating income amongst domestic solar PV manufacturers by FY24. Waaree provides quality, cost-effective solar energy solutions that promote sustainable energy while reducing carbon emissions.
Its capacity expansion from 4 GW to 12 GW is a clear indication of the company’s rapid development. Waaree didn’t stop at that; in June 2024 it commissioned a 1.3 GW additional facility in Noida via its subsidiary, Indosolar Limited.
Waaree has a wide range of solar modules including monocrystalline, multicrystalline and TopCon advanced modules. The portfolio includes flexible modules as well as bifacial and building-integrated (BIPV), photovoltaic modules.
Waaree, which has five manufacturing facilities in Gujarat and Uttar Pradesh covering 143 acres, serves multiple markets via direct sales, exports and a strong franchise network focused on MSME and rooftop projects.
End of Year Sale – 60% OFF
We’ve inviting 225 members to join our midcap stocks research at a huge 60% OFF.
If you invest in midcap stocks, don’t miss this opportunity.
With our 30-day 100% money back guarantee there is absolutely nothing to worry.
Waaree Energies Share Price Target 2024
Waaree Energys will continue to grow in 2024 as the demand for renewable energies continues to increase. The company is in a good position to take advantage of these positive trends, as the renewable energy industry has gained momentum. Waaree Energies’ share price is expected to fluctuate between Rs 2,800 and Rs 3,200. This reflects both the optimism in the sector, and the firm’s strong market position. Investors looking to get a piece of the growing renewable energy market could find that 2024 is a great time to buy the stock. The company will be able to take advantage of the sector’s growth and the policy advantages.
| Year | Low Approx (₹) | High Approx (₹) |
|---|---|---|
| 2024 | ₹2,800 | ₹3,200 |
Insights:
The stock is expected to benefit from government incentives in the renewable energy sector.
Watch the Q1 and Q2 earnings to get a better idea of growth.
Waaree Energies Share Price Target 2025
By 2025, Waaree Energies should increase production capabilities and explore new markets to achieve an expected share price between Rs3,100-Rs3,600.
Committing itself to expanding solar technology may attract additional investors and broaden its market appeal.
Waaree Energies plans on increasing production capacity by 2025 and thus, its share prices could range between Rs3,100 to Rs3,600 per share.
| Year | Low Approx (₹) | High Approx (₹) |
|---|---|---|
| 2025 | ₹3,100 | ₹3,600 |
Factors Driving Growth: Expanded adoption of solar rooftop solutions across urban and semi-urban regions. Growing investments into solar parks and large scale energy projects.
Waaree Energies Share Price Target 2026
Waaree Energies may set new milestones by 2026 thanks to advances in solar technology and increasing installations of renewable projects.
With an expected stock price between Rs3,400 and Rs3,900, 2017 could represent a pivotal turning point in the company’s development journey.
| Year | Low Approx (₹) | High Approx (₹) |
|---|---|---|
| 2026 | ₹3,400 | ₹3,900 |
Waaree Energies Share Price Target 2027
By 2027, demand for renewable energy could surge due to government incentives.
Waaree Energies’ share price could soar between Rs3,800-4,200 as the company capitalizes on its leadership as an innovator of solar power solutions.
| Year | Low Approx (₹) | High Approx (₹) |
|---|---|---|
| 2027 | ₹3,800 | ₹4,200 |
Waaree Energies Share Price Target 2028
By 2028, global demand for sustainable energy solutions will likely ensure Waaree Energies remains on an expansion path.
As production increases and solar energy adoption grows, stock prices could range anywhere between Rs4,200 to Rs4,700.
| Year | Low Approx (₹) | High Approx (₹) |
|---|---|---|
| 2028 | ₹4,200 | ₹4,700 |
Waaree Energies Share Price Target 2029
Waaree Energies could cement their leadership position in the renewable energy market in 2029 with their stock prices likely between Rs4,500- Rs5,000.
This growth will likely be driven by increasing adoption of solar power across industries.
| Year | Low Approx (₹) | High Approx (₹) |
|---|---|---|
| 2029 | ₹4,500 | ₹5,000 |
Waaree Energies Share Price Target 2030
Waaree Energies could reach new heights by 2030 thanks to the global shift toward renewable energies.
With projected prices ranging between Rs5,000-Rs5,500, the company aims to become an influential player in mainstream solar adoption.
| Year | Low Approx (₹) | High Approx (₹) |
|---|---|---|
| 2030 | ₹5,000 | ₹5,500 |
Key Indicators:
Global Trends:
The International Energy Agency (IEA) predicts a 50% surge in solar capacity by 2030.
Example: India’s National Solar Mission plans to produce 100GW by this same date.
Waaree Energies Share Price Target 2040
Waaree Energies could emerge as one of the market leaders by 2040, according to long-term projections.
Solar technology innovations and steady expansion within the renewable sector may drive stock price within this range, of about Rs8,000-10.000 per share.
| Year | Low Approx (₹) | High Approx (₹) |
|---|---|---|
| 2040 | ₹8,000 | ₹10,000 |
Waaree Energies Share Price Target 2050
By 2050, solar energy should dominate the global energy landscape.
Waaree Energies stands as one of the forefronts in clean energy transition, and could experience share prices between Rs12,000 to Rs15,000 due to this role in clean energy transition.
| Year | Low Approx (₹) | High Approx (₹) |
|---|---|---|
| 2050 | ₹12,000 | ₹15,000 |
FAQ :
What is the target price of Waaree energy in 2024?
Waaree Energies appears set for significant expansion over the coming years, as evidenced by their share price targets showing strong upward momentum. By 2024, their share price targets will have hit Rs3,920 reflecting continued development within the renewable energy industry. By 2025 this upward trajectory should continue with their share price targeting Rs5,000 due to expanding opportunities within solar technology; by 2026 this growth trajectory should hit an astounding Rs7,000 driven by production capacity growth and market penetration while by 2027 they may even achieve an impressive milestone of reaching an impressive Rs9,000 as they make significant advances within their respective industry sector!
What is the future prediction of Waaree Energies shares?
Tomorrow’s Movement Prediction of Waaree Energies Limited WAAREEENER appears to be in an uptrend and this may continue. Price has passed an important level on charts of 3035.92 and may continue its upward movement as long as this occurs.
What is the target price for Waaree Renewables energy in 2025?
WAAREE Renewables’ target share price of INR 3,449 by 2025 suggests continued high-quality momentum.
What is the future of Waaree energy?
Long-Term Growth Potential is present.
Analysts often advise long-term investors to purchase Waaree Energies shares, due to its strong market position, growing manufacturing capacity, and rising solar module demand in both India and the U.S. They all add up to an optimistic outlook for Waaree.