New Delhi, Nov. 28 -- The Premier Energies Ltd stock has declined almost 30% so far in 2025, echoing the growing uncertainty over how long current solar manufacturing economics can hold up. True, earnings growth for the solar module manufacturer is robust currently.

year ended September (H1FY26), Premier's Ebitda and net profit increased by 50% and 64% year-on-year to Rs.1,109 crore and Rs.661 crore, respectively. The Ebitda margin jumped as much as 712 basis points year-on-year to 30% in H1. Earnings growth was supported by capacity addition and a favourable policy environment.

However, investors don't seem to be losing sleep over how FY26 will pan out. They're more concerned over the next phase of the industry cycle and the impact it ...