Adani Green Energy (NSE:ADNA) Ltd. (AGEL) has successfully commissioned a 250 MW solar power project in Bhimsar, Rajasthan, through its wholly owned step-down subsidiary, Adani Green Energy Twenty Four Ltd. The company made the announcement on March 20, 2025, stating that the project will be operational from March 21, 2025.
With this addition, AGEL’s total operational renewable capacity now stands at 12,841.1 MW, reinforcing its position as India’s largest renewable energy company. This expansion aligns with India’s ambitious clean energy goals, as the country accelerates its shift toward carbon neutrality.
Analysts Bullish on Adani Green Energy
Global brokerage firms are taking a positive stance on Adani Green, citing its strong growth trajectory. Cantor Fitzgerald has initiated coverage on the stock with a price target of INR 1,222, emphasizing AGEL’s leadership in India’s renewable energy transition. Macquarie, another major brokerage, has also given an ‘Outperform’ rating, setting a target price of INR 1,200 for the stock.
Macquarie expects Adani Green’s EBITDA to grow at a 25% CAGR over the next five years, despite the company’s $10 billion capex plan through FY30. Analysts also anticipate an improvement in Adani Green’s financial health, projecting its net-debt-to-EBITDA ratio to decline from 7x to 5x by 2030.
What Should Investors Do?
While brokerages remain optimistic about Adani Green’s long-term growth, the stock’s current valuation plays a crucial role in investment decisions. According to InvestingPro’s Fair Value feature, Adani Green’s fair value stands at INR 1,030.5 per share, reflecting a 12.7% upside potential from its latest market price of INR 914.2.
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This fair value is derived using multiple financial models, ensuring an accurate and data-driven assessment of the stock’s intrinsic worth. Investors who leverage fair value insights can make more informed entry and exit decisions, avoiding overvalued stocks and capitalizing on undervalued opportunities.
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