Premier Energies has received a “Buy” rating from Nuvama Institutional Equities, with a target price of ₹1,270 per share, suggesting a potential 32% rise from current levels.
Nuvama expects the company’s revenue and profit margins to grow strongly between FY26 and FY28. The growth is driven by expansion in solar module, cell, and wafer production, as well as backward integration into batteries, transformers, and inverters, which should help improve margins.
Government policies supporting domestic solar manufacturing, like the ALMM and Domestic Content Requirement (DCR), are expected to further boost demand for Premier’s products.
The stock has already rallied since its IPO, giving investors strong returns, but it remains about 30% below its all-time high. Analysts note that competition, pricing pressures, and technology shifts could affect margins, but the overall outlook remains positive.
Premier Energies’ growth story highlights the opportunities in India’s renewable energy sector, as clean energy adoption continues to accelerate.
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