New Delhi, Oct. 21 -- Global brokerage Nomura has initiated coverage on Acme Solar Holdings with a Buy rating and a target price of Rs.505, implying an upside of around 21% from the current market price of Rs.418 as of 19 October 2026. It has assigned a Neutral rating to NTPC Green Energy, with a target price of Rs.100, implying a 14% upside from its current market price of Rs.88 (as of 19 October 2026).

The brokerage's assessment highlights a key shift underway in India's renewable energy sector: as solar and wind capacity expands, the ability to store electricity and deliver power during peak demand is becoming increasingly important.

Nomura believes this transition towards firm and dispatchable renewable energy could create growth op...