New Delhi. Waree Energies' IPO opened last month. People invested heavily in the IPO. The issue did not disappoint them either. On October 28, Waree Energies' shares were listed on the BSE with a 70 percent premium. Waree Energies' shares kept soaring after the amazing listing. But, as soon as the results of the US presidential election were announced, the enthusiasm of this stock suddenly cooled down. This rapidly rising stock put it in reverse gear. Waree Energies' share has fallen by 22 percent in three days. Even today, Waree Energies shares closed at Rs 2820.35 (Waaree Energies Share Price) with a fall of 10 percent. There is not much hope that the tremors caused by Donald Trump's election as president will subside soon.

In fact, Donald Trump had promised during his election campaign that he would tighten the screws on renewable energy projects on the very first day of becoming the President. Trump considers renewable energy a threat to America's progress and is a supporter of traditional sources of energy. In such a situation, after he was elected President, there has been a stir in the renewable energy industry and the shares of American renewable energy companies have fallen drastically. This has also affected Indian companies like Wari Energies which are heavily dependent on America for exports.

Trump's policy will tighten
the economy According to a report by Moneycontrol, Rupesh Sankhe, Senior Analyst at Elara Capital, says that this change may have an impact on Indian companies exporting solar and renewable energy equipment. Its impact is expected to be minimal in the short term, but the impact of this change will be felt well in the medium term i.e. in the next 3 to 4 years.

Analysts believe that US exports contribute significantly to the revenue of some Indian companies like Waaree Energies. In such a situation, if the US gives priority to domestic manufacturing or there is a decrease in demand due to Trump's policies, then these companies may need to change their expansion plans.