Waaree Energies Shares Dip Amidst US Renewable Subsidy Cuts

Energies' shares dropped 8% today following the US House of Representatives' passage of a bill proposing to eliminate key clean energy subsidies. The "big, beautiful bill" aims to repeal the 30% solar rooftop tax credit, grants for emissions reduction, and eventually, clean electricity tax credits for wind and solar. EV purchase incentives are also targeted for elimination. This news creates significant uncertainty for the global clean energy sector, impacting companies like Waaree Energies with substantial export ties to the US. The bill now moves to the Senate.