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Premier Energies and Waaree Shares Slip as Bernstein Turns Bearish on Demand Outlook
Premier Energies and Waaree share prices fell following a bearish demand outlook from Bernstein, triggering profit booking in renewable names.
Shares of Premier Energies and Waaree Energies declined on Monday after Bernstein downgraded demand forecasts for renewable energy related equipment and components. Cconcerns about supply dynamics and slower than expected pick up in project awards, which pressured investor sentiment in the solar and clean energy sector. Both companies had rallied earlier in recent sessions, but the shift in broker stance prompted profit booking and cautious trading.