Investec bets on this renewable energy player that's a 'consensus buy'. Details here
Published on 27/03/2026 09:03 AM
Investec bets on this renewable energy player that's a 'consensus buy'. Details hereAcme Solar is undergoing a structural transition, evolving from a mid-sized solar developer into a leading FDRE player. This shift is being driven by its focus on solar-wind-storage hybrid solutions that enable round-the-clock clean power.By Meghna Sen March 27, 2026, 9:03:17 AM IST (Published)2 Min ReadBrokerage firm Investec believes Acme Solar Holdings remains undervalued compared to peers, leaving room for further upside in the stock.
The brokerage has initiated coverage on the company with a 'Buy' rating and a price target of ₹319, implying a potential upside of about 26% from current levels.
Investec said that Acme Solar is undergoing a structural transition, evolving from a mid-sized solar developer into a leading firm and dispatchable renewable energy (FDRE) player.
This shift is being driven by its focus on solar-wind-storage hybrid solutions that enable round-the-clock clean power.
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The investment case rests on four key pillars: a strong FDRE portfolio, which already accounts for 49% of capacity; improving returns supported by timely project execution, with return on capital employed (ROCE) seen at 12-13%; robust earnings visibility, with EBITDA expected to grow at a 63% CAGR over FY25-28; and attractive valuations at around 8x FY28 estimated EV/EBITDA, the lowest among peers.
With about 5 GW of projects under construction and development, of which nearly 80% is FDRE, the company is well-positioned for growth.
It is expected to add 450 MW in FY26, followed by 1.5 GW each in FY27 and FY28, which could drive EBITDA to around ₹5,300 crore and support a steady improvement in returns.
All 10 analysts tracking the stock currently have a 'Buy' rating on it.
Shares of Acme Solar Holdings ended 1.8% higher at ₹253.85 on Wednesday and are up over 6% so far this year.Continue ReadingNote To ReadersDisclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.TagsAcme Solar Holdingsshare market today