Acme Solar Stock Rises 6% Following Investec's 'Consensus Buy' Rating Addition
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Acme Solar Shares Soar 6% as Investec Initiates 'Buy' Rating, Sees 26% Upside
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CNBC TV18•27-03-2026, 10:27
Acme Solar Shares Soar 6% as Investec Initiates 'Buy' Rating, Sees 26% Upside
•Acme Solar shares jumped 6% after Investec initiated coverage with a 'Buy' rating and a price target of ₹319.
•Investec believes Acme Solar is undervalued, projecting a potential upside of 26% from current levels.
•The company is transitioning into a leading firm and dispatchable renewable energy (FDRE) player, focusing on solar-wind-storage hybrid solutions.
•Key investment pillars include a strong FDRE portfolio (49% of capacity), improving returns (ROCE 12-13%), robust earnings visibility (63% CAGR over FY25-28), and attractive valuations.
•With 5 GW of projects under construction/development (80% FDRE), Acme Solar is poised for significant growth, with all 10 analysts currently holding a 'Buy' rating.
