Waaree Energies Acquires 76% Stake in Smart Meter Innovator Racemosa - Here’s Why It Matters

Waaree Energies just made a power move—snagging a controlling 76% stake in Racemosa, a rising player in the smart meter space. This isn’t just another corporate acquisition; it’s a strategic bet on the future of energy infrastructure.

Why Smart Meters? Because data is the new oil—and Racemosa’s tech taps right into the grid. Think real-time consumption tracking, automated billing, and load management. For Waaree, it’s a vertical integration play: solar generation meets smart distribution.

Timing is everything. With global energy transitions accelerating—and governments pushing digital upgrades—this acquisition positions Waaree at the intersection of green energy and IoT. Racemosa’s hardware plus Waaree’s scale? That’s a combo that could redefine energy efficiency.

Of course, the finance crowd will nod wisely and call it 'synergistic'—while quietly wondering if this’ll actually move the needle or just look good in a quarterly report. But in a world craving smarter, cleaner energy? This feels like a step toward the grid of tomorrow—not just a line item on a balance sheet.

Smart meter integration to strengthen energy chain

Racemosa Energy, incorporated in 2018 in Maharashtra, specializes in manufacturing smart meters. Waaree Energies stated the acquisition aims to integrate smart meters to strengthen the company’s presence across the energy value chain, expanding beyond its Core solar manufacturing business.

The stock opened at ₹3,510 against the previous close of ₹3,500.40, touching a high of ₹3,533 and low of ₹3,470.20 during the session. Trading volume reached 10.42 lakh shares with a traded value of ₹365.14 crore by afternoon. The company’s total market capitalization stood at ₹1,00,778.95 crore.

Yes Securities bullish on growth, solar expansion

Yes Securities recently initiated coverage on Waaree Energies with a ‘Buy’ rating and target price of ₹4,610, citing the company’s position as India’s largest solar PV module manufacturer with over 13.3 GW module capacity. The brokerage expects aggressive capacity expansion to drive growth, targeting 25.7 GW modules by FY27.

The broader renewable energy sector remains in focus as India’s GDP is expected to grow at 6-6.5 per cent CAGR by 2030, driven by massive energy consumption. Yes Securities noted that while coal and petroleum’s share will decline, renewables are expected to grow at a faster rate, with solar power leading clean energy transition. The government’s ambitious target to reach 900GW renewable capacity by FY32 is expected to benefit large integrated players like Waaree.

Published on September 19, 2025