Nomura starts Acme Solar at Buy, rates NTPC Green Neutral
In short
Nomura began covering Acme Solar with a Buy rating and a ₹505 target. It also rated NTPC Green Energy Neutral with a ₹100 target.
Nomura said Acme has battery-storage plans and a strong project pipeline. It warned that NTPC Green still faces transmission and execution risks, but the report does not give a share reaction.
What the reporting says
Nomura initiated coverage on Acme Solar with a Buy rating and a ₹505 target, while assigning NTPC Green Energy a Neutral rating and a ₹100 target. The broker cited Acme Solar’s battery-storage plans, dispatchable renewable projects and pipeline, and balanced NTPC Green’s growth against transmission constraints and execution risks. The immediate consequence is fresh analyst attention on both stocks, but the note does not say how the shares moved.
Why it matters
Nomura’s coverage note puts Acme Solar in a more favorable light than NTPC Green Energy, backing Acme with a Buy call and ₹505 target. The brokerage pointed to battery-storage plans, dispatchable renewable projects and development pipeline as positives. For NTPC Green, it stayed Neutral at ₹100, citing growth potential but also transmission constraints and execution risks. The note may influence sentiment, but it does not provide price action.