ACME Solar Share Price Hits 52-Week High After Rs. 3,892 Crore SBI Funding: "BUY" This Power Stock

ACME Solar share price are trading in the green zone at a fresh 52-week high on September 11, after the company announced massive Rs. 3,892 crore long-term project funding from State Bank of India (SBI) for the development and construction of a 400 MW Firm and Dispatchable Renewable Energy (FDRE) project with repayment spread across 19 years.

"The funding is significant, as it represents the company's largest financing from SBI and also represents SBI's first financing in ACME's FDRE projects. The project is being developed in Barmer, Rajasthan, and is contracted with NHPC at a tariff of INR 4.64/unit. The project would entail installing a solar and Battery Energy Storage System (BESS) to meet the supply obligations and ensure higher dispatchability as per the PPA conditions. " said ACME Solar in a press release

ACME Solar Share Price Today

On September 11, around 2 PM, ACME Solar's share price was trading at Rs. 308.15, up by Rs. 5.80 or 1.92% for the day. ACME Solar shares today are at a new 52-week high level. The stock has delivered good returns recently, rising 4.46% in the past five days, 11.79% over the last month, and an impressive 53.55% in the past six months.

ACME Solar Q1 FY2025-26 Results

ACME Solar Holdings Ltd posted a sharp 83.6% jump in consolidated revenue on a quarter-on-quarter (QoQ) basis for the June quarter (Q1 FY2025-26), while revenue also surged 71.8% compared to the same period last year (YoY). Total expenses rose 18.2% QoQ and 35.9% YoY during the quarter. Despite strong revenue growth, net profit declined 75.4% sequentially but showed a massive 9,311.5% increase on a YoY basis. Earnings per share (EPS) came in at 2.1 for Q1 FY2025-26.

"We assume ACME successfully commissions 7 GW by FY27, with 50% of capacity in FDRE and 10 GWh BESS operational by CY26. Revenue growth to ₹5,900 Cr and PAT to ₹950 Cr by FY28 is driven by a higher-yield FDRE mix, strong PPA visibility, and EBITDA margins of 85-90%," said Masttrust breaking and investments in its report dated 8th Sept.

The firm has given a "Buy" recommendation on ACME Solar with a target price of Rs. 372, indicating a potential 22% upside from the current market price of Rs. 304.

About ACME Solar Holdings

ACME Solar Holdings Limited is one of India's leading renewable energy companies, with a portfolio of nearly 7 GW across solar, wind, hybrid and dispatchable renewable projects. Founded in 2003 by Manoj Kumar Upadhyay, the company shifted focus to renewables in 2009 and has since grown into a top independent power producer (IPP), with major projects commissioned under agencies like SECI, SJVN and NTPC. It recently diversified into solar module manufacturing, green hydrogen, and green ammonia, while also commissioning India's largest single-site solar plant of 1,200 MW.ACME Solar was listed on NSE and BSE in November 2024.

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