What is Waaree Energies and why is their U.S. contract significant?

Waaree Energies is one of India's largest solar panel manufacturers. Their recent 540 MW supply contract in the United States is significant because it represents a major step in Indian solar companies expanding globally. This deal signals that Indian manufacturers have become competitive and trusted suppliers in the U.S. market, which has massive demand for solar equipment due to renewable energy goals and supportive policies.

What is a solar module and how does it fit into the larger solar energy system?

A solar module, commonly called a solar panel, is the most visible part of a solar energy system. It converts sunlight directly into electricity through photovoltaic cells. However, a complete solar system also requires inverters (which convert DC power from panels to usable AC power), mounting hardware, tracking systems (for large installations to follow the sun), and often battery storage. This theme includes companies across this entire value chain, from raw material suppliers to end-product installers.

Why are both Indian and American companies included in this stock group?

This group captures the entire cross-border solar opportunity. Indian companies are expanding manufacturing and exports to meet U.S. demand, while American companies benefit from this increased supply for their solar projects and installations. Including companies from both countries provides complete exposure to this trend, from production to installation, across residential, commercial, and utility-scale solar markets.

What does "MW" mean in the solar industry?

MW stands for megawatt, which is a unit of power equal to one million watts. In the solar industry, it's commonly used to describe the capacity of solar installations or manufacturing contracts. The 540 MW contract mentioned means the solar panels provided could generate up to 540 megawatts of electricity under ideal conditions. For perspective, 1 MW of solar capacity can typically power around 200 homes, so 540 MW could potentially power over 100,000 homes.

What are solar trackers and why are they important?

Solar trackers are mechanical systems that allow solar panels to follow the sun's movement across the sky throughout the day. By keeping panels optimally angled toward the sun, they can increase energy production by 20-35% compared to fixed solar installations. Companies like Array Technologies (ARRY) in this stock group specialize in these systems, which are particularly important for large utility-scale solar farms looking to maximize their efficiency and energy output.

15 handpicked stocks

India's U.S. Solar Expansion

Indian solar manufacturers are winning big contracts in America, creating exciting investment opportunities. This collection features carefully selected companies across both countries, from panel makers to project developers, all set to benefit from this cross-border solar boom.

Han Tan | Market Analyst

Updated 2 days ago | Published at juillet 1