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Bloomberg Quint

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Image Credit: Bloomberg Quint

Waaree Energies, Premier Energies Shares Fall Sharply After Trump Tax Bill Clears US House

  • Shares of Waaree Energies and Premier Energies fell sharply following the US House of Representatives' approval of President Trump's tax proposal.
  • Concerns arose due to the proposed phase-out of clean energy incentives, including tax credits for solar energy installations, which could impact the global clean energy sector.
  • Waaree Energies, heavily reliant on the US market, might face challenges as the tax bill threatens to reduce support for solar installations.
  • Premier Energies, with limited exports, could also be affected by policy uncertainty, despite a smaller short-term impact compared to Waaree Energies.

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