What Just Happened?

US slapped 126% duty on Indian solar exports — nearly doubling costs overnight. Stocks crashed 8–15%.

Why Indian Solar Stocks Crashed?

Nearly 97% of India’s solar exports go to the US. This tariff directly hits revenue & margins of top companies.

Who are the  Most Impacted Stocks?

Export-heavy players like Waaree, Premier Energies face maximum risk. Domestic-focused names relatively safer.

The Real Risk

Capacity overhang, margin compression, inventory build-up and working capital stress could pressure FY26–27 earnings.

Is This Permanent?

This isn’t just a trade war — it signals a long-term shift in US solar protectionism. India must adapt.

Hidden Opportunity?

India’s 500 GW renewable target, strong PLI support, and domestic demand growth may cushion long-term impact.

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