The Economic Times

HSBC raises ACME Solar target price by 15%; stock jumps 5%. Why is the brokerage bullish?

ACME Solar shares rose sharply after HSBC raised its target price by 15% to Rs 450 and retained its Buy rating. The brokerage sees signs of a recovery in renewable energy auctions, supported by rising power demand and growing adoption of battery storage and firm, dispatchable renewable energy projects.