HSBC has initiated protection on Acme Solar with a ‘Buy’ ranking and a value goal of ₹350 per share, implying a possible upside of 30% from present ranges.
The brokerage mentioned the corporate is among the many fastest-growing, vertically built-in renewable energy producers, with its 6 GW contracted capability offering sturdy long-term earnings visibility.
It added that FDRE tasks and battery vitality storage methods (BESS) are possible to enhance returns.
HSBC expects Acme Solar to ship an EBITDA CAGR of 72% over FY26-28.
The brokerage has additionally initiated protection on Clean Max with a ‘Buy’ ranking and a value goal of ₹1,150 per share. The goal suggests an extra upside of over 33% from present ranges.
It highlighted that Clean Max is the most important supplier of renewable vitality options to C&I customers.
HSBC expects sturdy progress pushed by rising company adoption of inexperienced vitality, which is 30-45% cheaper than grid energy. It has forecast an EBITDA CAGR of 60% for Clean Max over FY26-28.
All 11 analysts monitoring Acme Solar have a ‘Buy’ ranking, whereas HSBC is the primary to provoke protection on Clean Max.
Shares of Acme Solar Holdings ended 1.14% decrease on Friday at ₹270, whereas Clean Max Enviro Energy Solutions closed 0.37% larger at ₹862.
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First Published: Apr 13, 2026 8:17 AM IST
