The United States announced a final anti-dumping margin of 123.04% on Indian solar products on September 11.
The U.S. also imposed a countervailing duty rate of 126.09% following allegations of unfair pricing and government subsidies.
Waaree Renewable Technologies faces significant impact as India's largest solar PV module manufacturer with high U.S. exposure.
The U.S. currently serves as the largest overseas market for the Indian solar industry.
These tariffs create major headwinds for Waaree's future export revenues and increase market scrutiny of the stock.