Infrastructure Developers & Operators
Engineering - Turnkey Services
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ACME Solar reported a robust Q1FY27 driven by higher renewable generation and BESS contribution. We maintain our BUY rating with a revised target price of Rs458 on account of stronger BESS monetisation visibility.
ACME Solar delivered a record 1QFY27 driven by the first meaningful contribution from storage and record portfolio CUF. Although transmission readiness has slipped for some capacity, management is accelerating BESS instead, raising FY27 BESS commissioning guidance. We maintain BUY with a revised TP of INR 426.
Acme Solar reported a strong quarter with higher-than-expected EBITDA, driven by battery energy storage commissioning and arbitrage opportunities. We maintain BUY with a revised TP of INR 450, supported by incremental new PPAs and BESS earnings.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
