ADANI GREEN SHOCKER: INR 1,388 TARGET PRICE REVEALED! 🚀 Top Brokerage Sees Massive Upside - ACCUMULATE Now?

Asit C Mehta has released a research report on Adani Green Energy Limited, assigning an 'ACCUMULATE' rating and setting a target price of INR 1,388. The brokerage firm projects a strong revenue Compound Annual Growth Rate (CAGR) of 16.2% for the period FY25 to FY27E. This valuation is based on an Enterprise Value to Earnings Before Interest, Taxes, Depreciation, and Amortization (EV/EBITDA) multiple of 30 times the estimated FY27E earnings. The report emphasizes Adani Green Energy's pivotal role as India's largest renewable power producer and a global leader in utility-scale solar, wind, and hybrid projects. With approximately 16.6 GW of operational capacity and a pipeline exceeding 34 GW, the company is well on track to achieve its ambitious 50 GW target by 2030. Its execution of ultra-large-scale projects, such as the 30 GW Khavda Renewable Energy Park, and its focus on securing long-term Power Purchase Agreements (PPAs) for over 85% of its capacity, are highlighted as key strengths ensuring stable cash flows.

Impact: This positive initiation report and price target from a respected brokerage are likely to boost investor confidence in Adani Green Energy. It may attract increased buying interest, potentially driving the stock price towards the INR 1,388 target, given the company's strategic importance in India's clean energy objectives and its significant scale. Impact Rating: 8/10

Difficult Terms: * **CAGR (Compound Annual Growth Rate)**: The average annual growth rate of an investment over a specified period of time longer than one year. * **EV/EBITDA (Enterprise Value to Earnings Before Interest, Taxes, Depreciation, and Amortization)**: A valuation metric used to compare the enterprise value of a company to its earnings before interest, taxes, depreciation, and amortization. It is often used to assess a company's profitability and operational efficiency. * **PPA (Power Purchase Agreement)**: A contract between an electricity generator and a buyer (utility or independent power producer) that agrees on the price, terms, and duration of electricity sales.