Waaree Energies’ IPO Taps Into a 357% Rally in Renewable Stocks in India

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Initial Public Offering,Solar Energy,Waaree Energies Ltd

(Bloomberg) -- India’s largest solar-panel producer will open its $514 million initial public offering for orders on Monday, looking to capitalize on the...

-- India’s largest solar-panel producer will open its $514 million initial public offering for orders on Monday, looking to capitalize on the world-beating rally in the nation’s renewable energy stocks this year.Chicago Should Consider Furloughs, Higher Booze Tax, Watchdog Says

“Renewables is a large opportunity in India for the next three years,” said Ramesh Mantri, chief investment officer for equities at WhiteOak Capital Asset Management Ltd. “With solar energy emerging as a key global theme in the transition to renewable energy, Waaree Energy is best placed to capitalize on the growing opportunity,” Shiwani Kumari, an analyst at Monarch Networth Capital, said in a recent note.

Napheesa Collier and the Minnesota Lynx, who both had No. 2 finishes in the regular season, were on the verge of being No. 1 when it mattered most. The Lynx were seconds away from a record fifth WNBA championship with perhaps a WNBA Finals MVP award waiting for Collier, whose flurry late in regulation had her team in the lead in the final minute. The New York Liberty rallied for a 67-62 victory in overtime, denying the Lynx what would have been a WNBA-record fifth championship.

 

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