Solar Stocks Get 'Buy' Call: Prabhudas Lilladher Sees 34% Upside in Waaree, Premiere, Vikram

• Prabhudas Lilladher initiated coverage on Waaree Energies, Premiere Energies, and Vikram Solar, despite their recent underperformance.
• Waaree Energies received a 'buy' with a target of ₹4,086, implying a 34% upside, citing its market leadership in solar module manufacturing.
• Premiere Energies also got a 'buy' with a target of ₹1,106, suggesting a 26% upside, due to its integrated manufacturing and strong projected CAGR.
• Vikram Solar received an 'accumulate' recommendation with a target of ₹275, expecting 14% upside, supported by capacity expansion and a robust order book.
• The brokerage firm sees potential upside of 14% to 33% in these stocks, despite some trading below issue price or underperforming the Nifty.

Why It Matters: Prabhudas Lilladher recommends solar stocks Waaree, Premiere, Vikram, projecting significant upside.