Economy
Nomura initiates coverage on Acme Solar with Buy and NTPC Green with Neutral
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THE BRIEF
1
Global brokerage Nomura initiated coverage on Acme Solar Holdings with a Buy rating and a target price of Rs 505.
2
It assigned a Neutral rating to NTPC Green Energy with a target price of Rs 100, citing potential execution risks from tight transmission availability.
3
The brokerage highlighted that energy storage capabilities are becoming increasingly vital for renewable energy developers in India to manage peak demand.