by | February 3, 2026 2:30 pm
Synopsis: Solar PV and renewable energy stocks, including names like Waaree, Premier, and others, surged 14%, driven by the positive market reactions to the US-India trade agreement, along with a significant drop in silver and other metal prices.
Leading Solar cell & modules manufacturers like Waaree Energies & Premier Energies, and renewable energy stocks saw a strong rally, surging up to 14% in Tuesday’s trade, driven by positive market reactions to the US-India trade agreement. The deal’s tariff rollbacks, along with a significant drop in silver and other metal prices, boosted investor sentiment and enhanced growth prospects for the renewable energy sector.
The stocks of major solar PV module and renewable energy companies jumped on Tuesday after the US-India trade agreement was announced. Many of these companies have substantial ties to the U.S. market, and investors responded favorably to the news, driving up optimism in the renewable energy sector.
Under the new deal, the U.S. will remove the tariffs on India that were imposed in August 2025 for importing Russian oil. Additionally, the reciprocal tariff has been lowered from 25% to 18%, making India’s total tariff burden lighter than that of other Asian countries.
This is a big boost for Indian stock markets, as the tariff reduction benefits several industries. Specifically, new energy sectors, like solar, will benefit from improved competitiveness and better access to the U.S. market.
Before the new trade deal, solar panel makers and renewable energy companies were struggling because of high tariffs. These tariffs, first put in place by Trump on Russian oil imports, also affected the renewable energy industry. Companies that relied heavily on the U.S. market had to deal with higher costs and became less competitive. This made investors worried, as the increased costs hurt profits and slowed the growth of clean energy technologies.
However, analysts noted that easing these tariffs under the new trade deal could provide much-needed relief, potentially boosting stock performance and encouraging further investment in renewable infrastructure.
Another factor influencing the sector is the recent decline in prices of key metals such as silver, copper, and aluminum. These metals are critical components in the manufacturing of solar panels and other renewable energy infrastructure. Lower prices for these materials reduce manufacturing costs for PV modules, improving profit margins for solar companies.
The easing of tariffs under the new trade deal, combined with cheaper metals, presents a significant opportunity for renewable energy companies. Reduced input costs and fewer trade barriers can boost stock performance, attract investment, and accelerate the adoption of clean energy technologies.
Overall, the combination of trade policy improvements and favorable commodity prices across multiple key metals strengthens the outlook for solar PV modules and the broader renewable energy sector, highlighting the growing potential for sustainable energy investments.
Talking to X, PM Modi said he was delighted that Made in India products will now attract a reduced tariff of 18%. “Big thanks to President Trump on behalf of the 1.4 billion people of India for this wonderful announcement. When two large economies and the world’s largest democracies work together, it benefits our people and unlocks immense opportunities for mutually beneficial cooperation.”
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Sridhar is a NISM-certified Research Analyst with an MBA in Finance and with over 3+ years of experience as a Financial Analyst, possessing strong expertise in both fundamental and technical analysis. Specialises in equity research, company and sector evaluation, IPO analysis, and tracking market trends to produce clear, investor-friendly insights.
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