Shares of Waaree Energies dropped ~4.5% on reports of a U.S. Customs probe into alleged solar tariff evasion.
The allegations involve Chinese-made solar cells/panels being labeled as Indian for tariff avoidance.
U.S. Customs may demand cash deposits from the company during the investigation.
The move raises compliance, jurisdictional, and valuation risks for the stock.
Waaree’s shares had surged ~37% since their October 2024 debut, amplifying downside when news broke.
Investors may reassess valuations for renewable / solar manufacturing firms.
The probe underscores global regulatory risk exposure for export-oriented gre
en firms.
Companies with strong documentation, traceability, and compliance may withstand scrutiny.
Sector peers may face higher due diligence as markets reassess risk premiums.
Overall, this news adds a compliance overhang for the solar / renewables theme.