Solar Stock Crash: These stocks panicked after Trump's tariff bomb

Solar Stock Crash: The stock market is experiencing a meteoric rise on Wednesday, with the Sensex and Nifty rallying at a rapid pace. However, even amid this surge, shares of many companies associated with the solar energy sector are crashing. Some have lost 15% at the opening, while others are trading with declines of 5% or more. This panic in these stocks has occurred following news from the United States, where the Trump administration has imposed heavy tariffs on solar product imports.

What happened in the US, causing stocks to crash?

First, let's explain what happened in the US that led to a sudden, sharp decline in these leading stocks in the solar energy sector in the Indian stock market. After Donald Trump's defeat in the US Supreme Court on tariffs, he has launched a new wave of tariff attacks. While he has imposed a 15% global tariff, he has now imposed a hefty import duty on solar energy products imported from countries like Indonesia and Laos, including India. This initial import duty on India has been set at 126%.

What was feared has happened

The impact of Donald Trump's tariff bomb on Indian stocks was already being anticipated, especially on the stocks of companies in this sector that export heavily to the US. Here are some of these stocks...

Waaree Energies Share: This tariff bomb from Trump has had a significant impact on Waaree Energies shares. This company has a large business in the United States and a manufacturing unit there. Furthermore, the company also exports solar modules from India to the United States.

Regarding the stock, Waree Energies opened at ₹2,819 on Wednesday, down from its previous close of ₹3,040, and then fell nearly 15% to ₹2,570. Its market cap also fell to ₹77,200 crore.

Premier Energies Share: Despite the rally in the stock market, the next energy stock to trade with a sharp decline was Premier Energies Limited. It opened at ₹699.35, down from its previous close of ₹782, and then suddenly began a sharp decline. It fell by more than 10% to ₹666. The company's market value also fell to ₹32,960. It should be noted that this company's order book is also somewhat dependent on US imports, and fluctuations in this were already being anticipated after the news of tariffs.

Vikram Solar Share: The impact of Trump's tariff attack has also been seen on the shares of other Indian companies, including Vikram Solar Limited. When trading began on the stock market on Wednesday, Vikram Solar Stock opened at Rs 178.50, down from its previous close of Rs 185.99, and then slipped by nearly 7% to Rs 171. America is also a major market for this company.