29-Jun-2026 12:20:28
Waaree Energies Drops Over 4% Despite Clarification on US Customs Probe News
Waaree Energies shares fell over 4% despite the company clarifying that a recent U.S. Customs and Border Protection (CBP) determination relates only to a limited set of historical import entries and does not impact its ongoing operations. The company said the probe found no Chinese-origin solar cells in modules exported by Waaree and confirmed its full cooperation during the investigation. However, investors remained cautious over potential reputational risks and future regulatory developments in the U.S. market.