Cell manufacturing, growing domestic orders augur well for Waaree Energies

Waaree Energies, India's largest solar panel maker, has seen a 14% decline in its stock price since November 6, amid concerns over potential US policy changes. While the company remains confident about its growth plans, including expansion into cell manufacturing and renewable energy, its reliance on the US market poses a risk. The company's strong order book and capacity expansion plans are positive factors, but investor sentiment remains cautious.