Axis Capital has initiated coverage on ACME Solar with a ‘Buy’ rating and a price target of INR550
MUMBAI, 15 OCTOBER: We expect the portfolio to drive a 38% EBITDA CAGR over FY26-31E. Along with the EBITDA from PPA tied-up capacity we have considered Rs9.6bn, Rs14bn, Rs11.7bn, Rs8.4bn and Rs1.8bn of merchant EBITDA in FY27E, FY28E, FY29E and FY30E respectively, with no merchant BESS in FY31E. Acme has seen a steady improvement in…
