Adani Power: Analysts See 30% Upside, Call It a 'Consensus Buy'

• Brokerage firm Antique initiated coverage on Adani Power with a "buy" rating and a price target of ₹187 per share, forecasting a potential 30% rise.
• Antique predicts a multi-year earnings upcycle for Adani Power, driven by a 2.3x capacity expansion to 41.9 GW by financial year 2033.
• The company is transitioning into an efficient private baseload power producer, benefiting from India's structural power upcycle and rising demand.
• Adani Power has strong earnings visibility, with 90% of operational capacity and 67% of its future 41.9 GW portfolio secured under long-term power purchase agreements.
• All six analysts who cover Adani Power currently have "buy" ratings on the stock.

Why It Matters: Adani Power Ltd. stock offers a 30% upside, signaling a strong investment.