Acme Solar Achieves New Share Price High Following Major Funding Announcement

Acme Solar's share price reached a new 52-week high on September 11, trading at ₹308.15 after the company secured ₹3,892 crore in long-term financing from the State Bank of India for a 400 MW renewable energy project in Barmer, Rajasthan. This funding marks SBI's inaugural investment in Acme's firm and dispatchable renewable energy (FDRE) projects. Despite a decline in net profit, Acme reported an 83.6% quarter-on-quarter revenue increase. Analysts project significant revenue growth, with a buy recommendation and a target price of ₹372, suggesting potential upside from current levels.

Theia Market Signal Identification - AI Assisted

Published Sep 22, 2025

HYDROGEN

Acme Solar has made headlines as its shares soared to a fresh 52-week high on September 11, trading at ₹308.15, following a landmark announcement regarding substantial financing. The company secured ₹3,892 crore from the State Bank of India, marking a pivotal moment in its trajectory as this represents SBI’s largest financing for Acme and its inaugural investment in the firm and dispatchable renewable energy (FDRE) sector.

The project, which will be developed in Barmer, Rajasthan, is set to implement a 400 MW renewable energy scheme complemented by a battery energy storage system (BESS). This initiative, contracted with NHPC at a tariff of ₹4.64 per unit, aims to enhance supply reliability and increase dispatchability, aligning with the project's power purchase agreement conditions.

Despite Acme Solar's impressive revenue growth—an 83.6% increase quarter-on-quarter and a staggering 9,311.5% year-on-year rise—its net profit saw a sequential decline of 75.4%. Earnings per share for the quarter stood at ₹2.1, reflecting the complexities of scaling operations amidst rising expenses.

Market analysts remain optimistic, projecting that Acme Solar could successfully commission 7 GW by FY27, with a substantial portion allocated to FDRE and BESS operations. Their forecast anticipates revenue growth reaching ₹5,900 crore and profit after tax of ₹950 crore by FY28, underpinned by robust power purchase agreements and solid EBITDA margins.

Masttrust Breaking and Investments has issued a buy recommendation with a target price of ₹372, indicating a promising 22% upside from current trading levels. As Acme Solar navigates this crucial phase, its strategic advancements in renewable energy positioning may well define its future success in the rapidly evolving energy landscape.