Acme Solar Holdings plans analyst and investor meetings on September 2 and 3
Acme Solar Holdings has planned analyst and investor meetings on September 2 and 3. The two-day engagement is scheduled on consecutive dates, providing direct access to the company for the investment community.
Acme Solar signs 25-year, 130 MW renewable deal with Northeast Frontier Railway
Acme Solar Holdings signed a 25-year power supply agreement with Northeast Frontier Railway. The project has a capacity of 130 MW under a renewable energy framework. The agreed tariff is ₹4.35 per kWh for the full contract duration. Energy supply under the agreement is scheduled to commence on February 25, 2029.
25Aug 26
Acme Solar Holdings secures 300 MW in SECI's 6000 MWh tender
Acme Solar Holdings secured 300 MW capacity in SECI's 6000 MWh Assured Peak Power tender. The procurement was conducted by Solar Energy Corporation of India (SECI). The win strengthens Acme Solar Holdings' renewable energy capacity under the Assured Peak Power framework.
Acme Solar Latest Results: EBITDA Margins Seen Steady With 2%-5% Fluctuation Range
Acme Solar Holdings expects EBITDA margins to remain mostly steady, with possible fluctuations of 2%-5% as commissioning costs stabilize. The company flagged delays in signing the Northeast Railway Power Purchase Agreement, citing pending state approvals and regulatory uncertainty around railway open-access norms. Management indicated the PPA is expected to be signed shortly once these issues are resolved. These updates were shared during the company's latest concall.
30Jul 26
Acme Solar Holdings Targets Zero Uncontracted Battery Capacity by FY27, 600 MWh Currently Open
Acme Solar Holdings has set a target of zero uncontracted battery capacity by end of FY27, with 600 MWh currently open and 10 GWh remaining merchant-exposed each year until contracted under PPAs. The company has also raised its storage commissioning forecast to exceed 10 GWh by FY27, advancing from its earlier CY27 timeline, while planning to commission 1.5 GW of renewable energy capacity in FY27.
HSBC Initiates Buy Rating on ACME Solar Holdings with ₹350 Target Price
HSBC has initiated coverage on ACME Solar Holdings with a Buy rating and ₹350 target price, citing strong fundamentals including 6GW contracted capacity for earnings visibility. The investment bank highlights the company's vertically integrated renewable platform and focus on FDRE and BESS technologies for improved returns. HSBC projects a robust 72% EBITDA CAGR over FY26-28, reflecting confidence in the company's growth trajectory in India's renewable energy sector.
Investec Initiates Buy Rating on ACME Solar Holdings with Rs 319 Target Price
Investec has initiated coverage on ACME Solar Holdings with a Buy rating and Rs 319 target price. The positive outlook is driven by strong FDRE positioning with 49% mix, ~5GW pipeline capacity, projected 63% EBITDA CAGR, improving ROCE of 11-13%, capacity expansion plans through FY28, and attractive valuation at ~8x FY28 EV/EBITDA multiple.