New Delhi, Feb. 26 -- Tariff trouble in the renewable energy sector sent solar stocks into a tailspin on Wednesday, after the Trump administration imposed a staggering 126% duty on Indian solar cells and modules. However, manufacturers put up a brave face, stating they can navigate the storm with diversified supply chains and reduced US focus.

Shares of industry leaders such as Waaree Energies Ltd and Premier Energies Ltd plunged, as investors weighed the risks of losing access to the vast American market. Meanwhile, the government signalled a hands-off approach, maintaining that the companies can challenge the duties in the US.

Shares of Waaree Energies fell the most among solar companies (down 10.47%), followed by Premier Energies Ltd...