Hey can anyone tell me what is happening in indosolar what is tooling what are the plans for the company with indo solar
Shares of Waaree Energies crashed more than 5% on Friday after the US Commerce Department announced preliminary anti-dumping duties on solar cells and panels imported from India, Indonesia and Laos, spooking investors.
The department’s announcement on Thursday came after several domestic factory owners in the US alleged that companies from these three countries were dumping cheap goods in the American market.
The latest changes the preliminary duty rates, known as dumping margins, to a whopping 123.04% for imports from India, 35.17% for imports from Indonesia and 22.46% for imports from Laos, according to Reuters calculations based on the fact sheet posted on the Commerce Department’s website.
Disc: invested
One should look at the drop in margins aswell eventhough absolute EBITDA numbers looks very lucrative.
would reiterate this view that from current price, if there is 10-15% fall then it would be too attractive according to my risk-return profile. their execution have been a little lull so quarterly execution can be a catalyst with improving EBITDA numbers.
If I am not wrong then they are also trying to get into battery storage (ACC) PLI, so keep a watch on that and also commissioning of their various plants should be on time. I would love to hear if they do further capex in USA also do something like backward integration by getting into cells as well, by doing this they will do capex in USA thereby contributing to USA GDP and employment which is very much favoured by current administration. BUT getting government support in this is crucial and their intent as well.
disclosure : i am not a sebi registered advisor or analyst
i hold good % allocation of this stock in my pf so there may be some biasness