Jefferies Reits Buy Rating on Adani Green, Sees 35 Percent Upside
· Business · Economic Times, LiveMint
Jefferies has maintained its Buy rating on Adani Green Energy with a target price of Rs 1,695, indicating a 35% upside from its recent close of Rs 1,255. The brokerage views a recent 22% correction in the stock as a buying opportunity supported by attractive valuations and rising electricity demand. Analysts highlight improving asset utilisation at the Khavda project and expansion in battery energy storage solutions as key growth drivers. The company trades at approximately 20 times one-year forward EV/EBITDA, backed by a projected 30% EBITDA compound annual growth rate between FY26 and FY30. Meanwhile, persistent high power demand driven by potential El Niño conditions and constrained coal stockpiles continues to reinforce the outlook for renewable energy producers.
Why it matters
Renewable energy investors gain key insights into Adani Green's growth potential amid surging power demand and tight coal reserves.
Read the original report — Economic Times
Join us on Telegram
Breaking news the moment it lands. At 10,000 members we ship the Android app.