Jefferies Bets Big on Solar Stock: Emmvee Photovoltaic Surges 10%, Eyes 70% Upside!

• Emmvee Photovoltaic Power shares surged 10% to hit the upper circuit today after Jefferies initiated 'Buy' coverage.
• Global brokerage Jefferies set a target price of ₹320, projecting a 70% upside for the stock within 12 months.
• Growth drivers include early adoption of TOPCon solar cell technology, government policy support, and a strong balance sheet.
• The company saw a fourfold increase in installed capacity and a tenfold rise in order inflow between FY23 and FY25.
• Despite risks like potential oversupply, Jefferies highlights Emmvee's strong profitability, cash flow, and discounted valuation.

Why It Matters: Jefferies' 'Buy' rating and 70% upside projection fueled a 10% surge in Emmvee Photovoltaic shares.