Adani Green Energy Limited (AGEL), a leading player in India’s renewable energy sector, is back in focus after global brokerage firm Jefferies initiated a bullish recommendation. The firm has issued a "Buy" rating on AGEL with a target price of ₹1,300, implying an upside potential of approximately 30% from current levels.
AGEL, headquartered in Ahmedabad, develops, owns, and operates large-scale renewable energy projects across India, focusing on solar, wind, and hybrid power generation.
Current Market Overview
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CMP: ₹1,009.90
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Market Cap: ₹1.6 lakh crore
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Previous Close: ₹1,015.10
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Potential Upside: ~29%
Why Jefferies is Bullish on AGEL
Jefferies is optimistic due to AGEL’s strong Q1 FY26 performance, where:
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EBITDA increased by 26%, beating estimates by 3%.
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Power generation surged 42% YoY, driven by better capacity utilization and 1.6 GW of new capacity added.
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Jefferies has upgraded EBITDA estimates for FY26E to FY28E by 4-5%.
The management also reaffirmed confidence in achieving 5 GW capacity addition in FY26, which could further enhance profitability and valuation.
About Adani Green Energy Ltd (AGEL)
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Founded: 2015
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Parent Group: Adani Group (with minority stake by TotalEnergies)
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Operational Capacity: Over 14 GW across 12 states
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2030 Target: 50 GW renewable capacity
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Iconic Projects: Kamuthi Solar Power Project, Jaisalmer Hybrid Cluster
AGEL is India’s largest renewable energy company and a key contributor to the country’s decarbonization goals.
Financial Highlights
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Q1 FY25 Revenue: ₹2,794 crore
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Q1 FY26 Revenue: ₹3,800 crore (+36.01% YoY)
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Q1 FY25 Net Profit: ₹629 crore
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Q1 FY26 Net Profit: ₹824 crore (+31% YoY)
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CAGR (4 Years):
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Revenue: 29.75%
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Net Profit: 59.95%
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EPS: ₹10.7
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ROCE: 8.7%
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ROE: 14.6%
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Debt-to-Equity Ratio: 6.59x
Conclusion
With a strong order book, ambitious growth targets, and positive financial momentum, Adani Green Energy Limited appears poised for significant growth. Jefferies’ buy call with a ₹1,300 target underscores investor confidence in the stock’s long-term potential.