Antique starts India's ACME Solar with 'buy, citing bullish growth outlook; shares rise

ACME Solar Holdings

15/04/2026 05:35

** Brokerage Antique Stock Broking initiates coverage on India's ACME Solar Holdings ACMO.NS with "buy" rating, sets PT at 363 rupees

** Shares of renewable energy co ACMO rise 1% to 287 rupees

** At current levels, ACMO trades at a discount to renewable peers despite superior 70%/77% EBITDA/PAT CAGR and the largest firm and dispatchable renewable energy (FDRE) pipeline in India, brokerage says

** In-house EPC and dual solar-wind capability give the co a cost and execution edge - Antique

** Operational capacity expected to more than double to 6,270 MW by FY28E from 2,540 MW in FY25 - brokerage

** ACMO rated "strong buy" on avg; median PT at 322 rupees- data compiled by LSEG

** YTD, ACMO up ~21%

 (Reporting by Komal Salecha in Bengaluru)

 ((Komal@thomsonreuters.com))