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
