ACME Solar Shares Surge 8% After Investec Initiates Buy Rating Shares of ACME Solar Holdings rose sharply, jumping 8% to hit an intraday high of Rs 274 on the BSE following UK-based brokerage Investec’s initiation of coverage with a Buy rating and a target price of Rs 319. This implies an upside potential of approximately 25.5% from the previous closing price of Rs 254. The stock has gained around 37% over the past year. Investec highlighted the company’s transformation from a mid-sized solar developer into India’s leading Firm and Dispatchable Renewable Energy (FDRE) player. The brokerage emphasized four key growth drivers underpinning its bullish outlook. First, ACME Solar has a strong project pipeline, with 5.1 GW of capacity currently under construction. This is projected to scale to 6 GW by FY28 and further to 8 GW by FY30E, representing a compound annual growth rate (CAGR) of about 26% over the next five years. Most of these projects are awarded by central agencies such as the Solar Energy Corporation of India, NTPC Limited, NHPC Limited, and SJVN Limited, reducing counterparty risk. Second, the company enjoys robust project visibility, with power purchase agreements (PPAs) already secured for 3.5 GW of its under-construction portfolio. Management anticipates letters of award for the remaining 1.6 GW, with only 300 MW pending. Evacuation infrastructure is in place for the entire 4.5 GW under-construction capacity, and most land for projects up to FY27 has been acquired, mitigating delays and IRR risks. Third, FDRE projects dominate the portfolio, accounting for 79% or 4.0 GW of the under-construction pipeline. These assets operate at plant load factors exceeding 40% and deliver returns on equity of about 18%.#investec #acme_solar_holdings #solar_energy_corporation_of_india #ntpc_limited #nhpc_limited
Acme Solar climbs 7% on wind project update; Centrum initiates with 'Buy' Shares of renewable energy company Acme Solar Holdings surged 7.03% on Friday, March 27, 2026, following an update on its wind power project and a positive rating from brokerage firm Centrum Broking. The stock reached an intraday high of ₹272 per share, though it later retreated slightly to ₹270.97 on the NSE, reflecting a 6.63% gain from its previous close of ₹254.12. The broader market, however, saw the NSE Nifty50 index decline by 1.17% to 23,033. The rally was driven by Acme Solar’s announcement that its subsidiary, ACME Eco Clean Energy Private Limited, had commissioned an additional 4 MW of its 100 MW wind power project in Gujarat. The company stated that the subsidiary now has a commissioned capacity of 92 MW out of its total 100 MW target. This update, combined with Centrum Broking’s initiation of coverage with a 'Buy' rating, bolstered investor confidence. Centrum Broking highlighted Acme Solar’s position as a high-growth renewable independent power producer (IPP) with a diversified portfolio spanning solar, wind, and hybrid assets. The brokerage noted the company’s total portfolio of 7,770 MW, including 16 GWh of battery energy storage systems (BESS), with 2,962 MW already operational and 4,808 MW under construction. The firm emphasized Acme Solar’s transition from a developer to a long-term asset owner, focusing on stable capacity expansion and cash flow generation. The brokerage projected revenue, EBITDA, and PAT growth rates of 60%, 61%, and 76% respectively over the fiscal years 2025–2028. Using an EV/EBITDA multiple of 10x on FY28 EBITDA, Centrum set a target price of ₹315 per share, implying a 16.24% upside from the current market price.#gujarat #nse_nifty50 #acme_eco_clean_energy_private_limited #acme_solar_holdings #centrum_broking
Get the SocialGraphs app from the Play Store: https://play.google.com/store/apps/details?id=in.socialgraphs.app&hl=en_IN ACME Solar Holdings Share Price Jumps Over 6%: Here’s the Reason Behind the Move On Friday, March 27, 2026, broader markets opened on a negative note, with the Nifty 50 trading 1.17 percent lower at 23,033 as of 9:40 AM. Despite the weak market tone, ACME Solar bucked the trend, with its share price jumping 6.62 percent to trade at Rs 270.94. The surge followed the company’s announcement that one of its subsidiaries had commissioned an additional 4 MW of wind power capacity in Gujarat. ACME Eco Clean Energy Private Limited, a subsidiary of ACME Solar Holdings, has commissioned an additional 4 MW of its 100 MW wind power project located at Village Dhakaniya, Taluka Sayla, District Surendranagar, Gujarat. With this addition, the subsidiary has achieved a cumulative commissioned capacity of 92 MW, bringing it closer to the total 100 MW planned for the project. The commissioning was confirmed by officials from the Gujarat Energy Development Agency and Paschim Gujarat Vij Company Limited, with a formal certificate expected to be issued shortly. As of December 2025, ACME Solar Holdings Ltd reported a promoter holding of 83.29 percent, compared to 83.41 percent in the previous quarter. Foreign Institutional Investor (FII) shareholding declined to 4.03 percent from 5.57 percent in September 2025, while Domestic Institutional Investor (DII) holdings increased to 6.87 percent from 6.39 percent. Public shareholding rose to 5.69 percent from 4.63 percent, and others stood at 0.#acme_solar_holdings #acme_eco_clean_energy_private_limited #gujarat_energy_development_agency #paschim_gujarat_vij_company_limited #dhakaniya https://insights.dsij.in/dsijarticledetail/acme-solar-holdings-shares-price-jumps-over-6-heres-the-reason-behind-the-move-id021-56136
