US announces duties on Indian solar imports; stocks of Waaree Energies, Premier drop 15%

Indian solar equipment manufacturers experienced a sharp decline in share prices following the US announcement of countervailing duties on imports from India, Indonesia, and Laos. The US Commerce Department cited government subsidies in these nations as disadvantaging American producers. This move, impacting a significant portion of US solar imports, follows previous disruptions caused by similar tariffs on other Asian countries.

By TOI BUSINESS DESK

Why are solar stocks falling today? Waaree, Premier Energies drop over 10%

By 1 pm, stocks of major players were deep in the red, according to BSE data. Waaree Energies was down 11 per cent, Premier Energies had slipped 6.85 per cent.