India's ACME Solar jumps on battery storage expansion, broker optimism
BUZZ-India's ACME Solar jumps on battery storage expansion, broker optimism ** ACME Solar Holdings ACMO.NS shares rise 2.9% to 416.7 rupees
** Co commissions an additional 88.02 MW of Battery Energy Storage System capacity
** Elara Securities ("Accumulate", TP: 450 rupees) says magement's strategy of commissioning battery storage assets ahead of associated firm and dispatchable renewable energy projects and monetizing them via merchant and short-term power markets is set to unlock incremental value
** Antique Stock Broking ("Buy", TP: 477 rupees) says ACME is evolving into a contracted, self-funded energy storage platform, with BESS cash flows funding equity and an expanded storage pipeline supporting long-term growth
** 10 of 14 brokerages rate the stock "buy" or higher; median PT is 473.5 rupees
** YTD, stock up 75.5%
(Reporting by Abhinav Parmar in Bengaluru)
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