PREMIER ENERGIES

$PREMIERENE Domestic brokerage Nuvama Institutional Equities has initiated coverage on Premier Energies with a ‘Buy’ rating and a target price of ₹1,270, underscoring the company’s aggressive pivot to emerging New Energy opportunities and its potential to ride what the brokerage calls a sector-wide J-curve breakout. The brokerage argues that Premier Energies is strategically positioning itself to capture exponential growth in the New Energy ecosystem, even as its core solar business remains on solid footing. Backed by rapid capacity expansion, deeper backward integration and supportive policies, Premier Energies is expected to deliver a 49 per cent revenue compound annual growth rate (CAGR) and 43 per cent Ebitda CAGR over FY26-28, according to Nuvama.