ACME Solar Holdings: Stock in Focus Amid Renewable & Nuclear Expansion Plans
🔹 ACME Solar Share Price Update (March 3, 2025)
ACME Solar’s stock has gained 0.26% over the past five days, despite a 6.6% decline in the past month and a 24% drop since listing.
Why is ACME Solar in the Spotlight?
- Big Expansion Plans: The company is diversifying into nuclear energy while continuing its aggressive push in renewable power.
- Analyst Backing: Nuvama Institutional Equities has initiated coverage with a ‘Buy’ rating and a target price of ₹328, implying a potential 70% upside from its last closing price of ₹193 (Feb 28).
Nuvama’s Take: Why ACME Solar is Set to Grow
- Key Player in India’s Renewable Push: As power demand continues to rise, India may face shortages by 2030-32, even with aggressive renewable energy additions.
- Hybrid & FDRE Projects Driving Growth: The company is focusing on solar + wind + battery storage projects, which offer better returns and efficiency.
- ₹17,000 Crore Investment: ACME plans to scale up renewable energy capacity to 5GW by 2026 and ultimately 7GW by FY28.
Future Growth Outlook
- Expanding Capacity: The company is on track to increase capacity from 1.3GW in FY24 to 7GW by FY28, with 53% of projects already contracted.
- Strong Financials:
- Q3 FY25 net profit surged 155% YoY to ₹112 crore.
- Revenue rose 5% YoY to ₹349 crore.
- Higher Returns Expected: With better project mix, adjusted EBITDA is projected to grow at 70% CAGR, outpacing capacity growth of 51% over FY24-28.
How ACME Solar Compares to Nifty 50
- ACME Solar: -6.6% in the past month, -24% since listing
- Nifty 50: -5.3% in one month, -12.5% in six months
🚀 Bottom Line: ACME Solar’s strong renewable energy pipeline, nuclear expansion, and analyst confidence make it a stock to watch for potential long-term growth!
