Beaten-down solar stocks turn attractive? Waaree Energies, Premier and Vikram Solar offer up to 33% upside, says Prabhudas

Prabhudas Lilladher has initiated coverage on three solar stocks viz. Waaree Energies, Premiere Energies and Vikram Solar. All the three stocks have been market laggards with Waaree gaining 6% (Nifty 10%) in 2025 while Premiere plunging by 34% YTD. Meanwhile, Vikram Solar, the August 2025 listing, has seen its stock slip 25% below the issue price. Here is why PL sees up to 33% upside in them. Solar Shine