Waaree Energies Expands BESS and Inverter Manufacturing with 22.5% Revenue CAGR Forecast
Waaree Energies is expanding beyond solar modules to develop integrated battery energy storage systems (BESS) and inverter manufacturing. PL Capital maintains a 'Buy' rating with a ₹3,115 target price after visiting Waaree's Gujarat plants. The company commissioned 5.15GWh BESS capacity in July 2026 and plans a 4GWh cell manufacturing unit by December 2026. PL Capital projects a 22.5% revenue CAGR from FY26 to FY29, driven by new capacities.
ET Energy Power·


