Premier Energies Stock Plunges 40%, JPMorgan Sees Attractive Valuations & 28% Upside

• Premier Energies shares have dropped 40% from their peak, making valuations attractive, according to JPMorgan.
• JPMorgan maintains an "overweight" rating with a price target of ₹915, indicating a potential 28% upside.
• ALMM-List 2, applicable from June 1, will support local solar cell demand, though rising supply may pressure pricing premiums.
• US tariffs on solar imports from India are noted, but Premier Energies clarifies it has no current export exposure.
• The company plans new cell/module capacities commissioning through 2026, prioritizing domestic demand due to global policy uncertainty.