Archive · 27 Sep 2025
Nuvama Recommends Buying ACME Solar Stock with 35% Upside
Nuvama, an investment firm, suggests buying ACME Solar's stock, expecting a 35% increase in value.
This is based on ACME's recent win in a solar project with a low tariff.
The project includes efficient solar and battery storage, with cost advantages like bundled infrastructure.
The company's growth is also boosted by a rising mix of high-return projects.
The project will generate electricity, with most of it coming from their own generation.
ACME has an arrangement for peak supply, with penalties for failure to meet certain availability.
Nuvama recommends buying ACME Solar stock with a target price of Rs 360.
ACME secured a project at Rs 2.76/kWh for the RUMSL project.
Nuvama expects ACME to grow, fueled by a rising high-return mix.
The RUMSL project will generate 835 million units of electricity.
Cost efficiencies are central to the project, with bundled infrastructure.
- Who
- Nuvama Institutional Equities recommends buying ACME Solar.
- What
- Nuvama reaffirmed its 'Buy’ recommendation for ACME Solar.
- When
- The recommendation is current.
- Where
- The RUMSL Unit-2 project in Madhya Pradesh.
- Why
- Nuvama expects ACME to grow, based on project execution and returns.
- Company
- ACME Solar Holdings Ltd
- Recommendation
- Buy
- Target Price
- Rs 360
- Upside
- 35%
- Project Capacity
- 220MW
- Tariff
- Rs 2.76/kWh
- Off-taker
- Rewa Ultra Mega Solar Limited (RUMSL)