Whalesbook
Nuvama Institutional Equities has initiated coverage on Premier Energies with a 'Buy' rating and a ₹1,270 target price. The brokerage highlights the company's aggressive pivot to 'New Energy' opportunities and strong core solar business, forecasting a 49% revenue CAGR and 43% Ebitda CAGR over FY26-28. Rapid capacity expansion in modules, cells, and wafers, coupled with backward integration, is expected to drive growth and mitigate margin pressures. Nuvama believes sector overcapacity fears are overstated and sees potential for significant free cash flow generation.