Solar stocks crash: Waaree Energies, Premier Energies shares fall 10% after US imposes tariffs on imports from India

Shares of Indian solar companies, including Waaree Energies and Premier Energies, fell by 10% after the US imposed tariffs on imports from India. The US Commerce Department announced preliminary countervailing duties of approximately 126% on solar cell and panel imports, citing unfair government subsidies. Other companies like Vikram Solar and Waaree Renewable Technologies also experienced declines. This decision is part of a trade case initiated by the Alliance for American Solar Manufacturing, with a further ruling expected next month regarding pricing practices.