New Delhi:
Adani Green Energy has begun to cover the Global Brokerage Firm Cantor Fitzgerald with a positive attitude. Brokerage has given a ‘overweight’ rating in view of the company’s growth possibilities and has fixed its target price ₹ 1,222.

India’s largest renewable energy company

Adani Green Energy is India’s largest renewable energy company, which has a total portfolio of 11.6 GW (GW) at Solar, Wind and Hybrid Power plants. According to the cantor report, India is working rapidly towards the Net Zero target, making a big opportunity for green energy companies.

Target to increase operational capacity by 2030 by 2030

The cantor says that Adani Green Energy is still at the initial stage of its development and the company aims to increase its operational capacity by 50 GW (GW) by 2030. This will be four times larger than its existing portfolio. The company’s growth is expected to rise in the next five years.

World’s largest renewable energy plant

One of the main reasons for the company’s growth is the Khavda Renewable Energy Plant located in Gujarat. It is going to become the world’s largest renewable energy project. According to the cantor, by FY 2030, its capacity will increase from 2.4 GW to 30 GW. This will be 6.6% of India’s total energy production and is likely to contribute more than 10% by 2030.

In the first half of FY 2025, Adani Green Energy’s net loan was $ 6.9 billion and its date-to-Ebitda ratio increased by 7.14 times. However, the cantor believes that the company has the ability to fund the future expansion through its organic cash generation. This can gradually reduce the company’s loan dependence.

Other brokerage firms are also giving positive outlook

Adani is giving positive outlook not only for Green Energy, but also many other global brokerage including Macquarie. McOuri has given a ‘outperform’ rating on the company and has fixed its target price ₹ 1,200, which estimates a possible increase of 37%.

The bull-case estimate of McOry is even more bullish, in which this stock can go up to ₹ 2,600. That is, it can register up to 200% from recent levels.

15% recovery in March, expected to further boom

In March 2025, Adani Green Share Price has seen 15% recovery so far. Experts believe that this stock may register further faster in view of the company’s detailed expansion plan and India’s clean energy policy.

(Disclaimer: New Delhi Television is a Subsidiya of Amg Media Networks Limited, an adani group company.)

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