India's ACME Solar hits 4-month high; Investec starts with 'buy' on earnings growth

ACME Solar Holdings

27/03/2026 05:40

** Acme Solar Holdings ACMO.NS rises 5.9% to 266 rupees; marks steepest rise since November 2025

** Investec starts with "buy", PT of 319 rupees

** Says co's 5.1GW under construction (UC) pipeline gives co multi-year growth visibility, scaling installed capacity to 6GW by FY28 and 8GW by FY30 (26% growth over FY25-30)

** Expects consol return on equity to rise to 19.5% by FY28 from 7.1% in FY25 as share of high quality assets (~79% of co's UC pipeline) ramps up through FY26-28

** Says co's installed capacity to rise to 6GW by FY28 from 2.5GW in FY25, driving revenue, EBITDA, PAT growth of 62%, 63%, 69%, respectively

** Adds EBITDA margins to expand to 89.5% by FY28 vs 87.9% in FY25 on higher execution of high-margin projects

** YTD, ACMO up 7%

 (Reporting by Yagnoseni Das in Bengaluru)

 ((Yagnoseni.Das@thomsonreuters.com;))