Archive · 19 Nov 2025
Analysts Bullish on Adani Green Energy's Growth Potential
Two major brokerage firms, JM Financial and ICICI Securities, have started covering Adani Green Energy.
They both think the company's stock will increase by around 20% in the next year.
They believe Adani Green can reach its goal of having 50 gigawatts of renewable energy capacity by 2030, especially with its big project in Khavda, Gujarat.
The firms expect Adani Green's revenue, profits, and earnings to grow quickly in the next few years.
They also think the company is financially strong and has good opportunities for growth.
JM Financial and ICICI Securities initiate coverage on Adani Green Energy with 'Buy' ratings
Both see significant upside in the stock, targeting Rs 1,289 and Rs 1,300 respectively
Analysts back the company's 50GW capacity target by 2030, led by the 30GW Khavda project
Expect strong financial growth: 29-30% CAGR in revenue, 32-36% in EBITDA, 41-57% in PAT
Highlight company's financial resilience, structural strengths, and predictable cash flows
- Who
- JM Financial and ICICI Securities
- What
- Initiated coverage on Adani Green Energy with 'Buy' ratings
- When
- Recently
- Where
- Not specified
- Why
- Based on the company's growth potential and financial resilience
Bullish View
Cautious View
Capacity Concentration
Bullish View
High concentration in Khavda region is seen as a positive for rapid growth
Cautious View
High concentration in one region poses potential risks, such as regulatory challenges
- Current Share Price
- Rs 1,077.35
- JM Financial Target Price
- Rs 1,289
- ICICI Securities Target Price
- Rs 1,300
- Potential Upside (JM Financial)
- 18%
- Capacity Target by 2030
- 50GW
- Khavda Project Size
- 30GW
Sources
JM Financial bullish on Adani Green stock, sees 18% upside; here’s why
Adani Green Energy gets 'BUY' rating as brokerage sets price target at Rs 1,289
Broker’s call: Adani Green Energy (Buy)
Adani Power, Adani Green, other Adani Group stocks in focus after GQG Partners raises stake via block deals
