Adani Energy Solutions, JSW Energy and Adani Power in Focus as Global Brokerages Issue Bullish Calls With Targets of Rs 1,905, Rs 745, and Rs 270 Respectively
- June 11, 2026
- Posted by: Ankit Jaiswal
- Category: News
Adani Energy share price: Rs 1,517.50 (-1.18%). Jefferies Buy TP Rs 1,905 (+25%). JSW Energy: Rs 561.15 (+0.09%), Jefferies Buy TP Rs 745 (+33%). Adani Power: Rs 220 (-0.26%), Jefferies Buy TP Rs 255-270 (+16-23%). India peak power demand: 271 GW record (May 2026), +17% YoY. Near-term transmission pipeline Rs 1.5L Cr.
Shares of Adani Energy Solutions, JSW Energy, and Adani Power are Adani Energy share price and peers are in focus on June 11 after Jefferies issued a comprehensive utility sector update on June 9, 2026, with Buy ratings and upgraded target prices across the power sector basket. The Adani Energy Solutions share price at Rs 1,517.50 carries a Jefferies target of Rs 1,905 (+25% upside), while JSW Energy (Rs 561.15) has a target of Rs 745 (+33%) and Adani Power (Rs 220) targets Rs 255-270 (+16-23%). Despite the broader market declining today, the energy stocks are showing relative resilience, with JSW Energy marginally positive (+0.09%) and the Adani stocks declining only marginally despite the Nifty 50’s 1.2% fall. The bullish brokerage outlook is underpinned by India’s record peak power demand of 271 GW in May 2026 and a Rs 1.5 lakh crore near-term transmission investment pipeline.
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Adani Energy, JSW Energy, Adani Power: Brokerage Data
| Energy Stock | NSE Symbol | CMP | Prev Close | Change % | Brokerage | Rating | Target Price |
|---|---|---|---|---|---|---|---|
| Adani Energy Solutions | ADANIENSOL | Rs 1,517.50 | Rs 1,535.60 | -1.18% | Jefferies | Buy | Rs 1,905 |
| JSW Energy | JSWENERGY | Rs 561.15 | Rs 560.65 | +0.09% | Jefferies | Buy | Rs 745 |
| Adani Power | ADANIPOWER | Rs 220.00 | Rs 220.58 | -0.26% | Jefferies | Buy | Rs 255-270 |
| Adani Green Energy | ADANIGRNENE | NA | NA | NA | Macquarie | Outperform | Rs 1,320+ |
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Adani Energy Solutions: The Transmission Play
The Adani Energy Solutions (AESL) thesis at Jefferies rests on its unique position as India’s only listed pure-play transmission and distribution company in the private sector. With a 20%+ visible medium-term EBITDA CAGR driven by a Rs 1.5 lakh crore near-term transmission bid pipeline (versus Rs 54,000 crore at end-FY25), AESL is locked into compounding growth regardless of commodity or policy cycles. Jefferies’ Buy rating with target Rs 1,905 implies a 25% upside from the current Adani Energy share price of Rs 1,517.50. Macquarie has separately issued an Outperform rating on the Adani energy group with bullish base case capacity estimates, highlighting India’s accelerating clean energy infrastructure investment as the structural driver.
JSW Energy and Adani Power: Execution Upside
JSW Energy and Adani Power are Jefferies’ top picks in the generation space. JSW Energy’s Q4 FY26 EBITDA grew 87% year on year, demonstrating strong execution, and the company’s recent QIP has improved leverage ratios, prompting Jefferies to raise its target multiple to 15x EV/EBITDA for FY28 and the target price to Rs 745. For Adani Power, Jefferies highlights the 42 GW capacity roadmap by FY32 (currently ~28-30 GW), with 56% of upcoming capacity already tied up under PPAs, significantly de-risking the earnings growth outlook. Record India power demand of 271 GW in May 2026 validates the long-term generation capacity buildout thesis for both stocks.
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Conclusion
The Adani Energy share price, JSW Energy, and Adani Power The Adani Energy share price and sector peers are well-positioned with brokerage backing and tailwinds from India’s record power demand growth and massive transmission infrastructure pipeline. Jefferies’ Buy targets of Rs 1,905 (AESL), Rs 745 (JSW Energy), and Rs 255-270 (Adani Power) offer 16-33% upside. Track live Adani Energy share price and power sector data on Univest.
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Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
What are Jefferies’ targets for Adani Energy Solutions, JSW Energy, and Adani Power?
Ans. In its June 9, 2026 sector note on Indian utilities, Jefferies maintained Buy ratings with the following target prices: Adani Energy Solutions (AESL) at Rs 1,905 (approximately 25% upside from current Rs 1,517), citing its position as India’s only listed pure-play transmission and distribution company with a 20%+ visible medium-term EBITDA CAGR; JSW Energy at Rs 745 (approximately 33% upside from current Rs 561), factoring in recent QIP proceeds and a higher target multiple of 15x EV/EBITDA for FY28; and Adani Power at Rs 255-270 (approximately 16-23% upside from current Rs 220), based on its capacity expansion roadmap to 42 GW by FY32 and strong PPA pipeline.
Why are brokerages bullish on Indian power sector stocks?
Ans. Global brokerages including Jefferies and Macquarie are bullish on Indian power sector stocks for several structural reasons. India’s power demand hit a record peak of 271 GW in May 2026, up 17% year on year, driven by industrial growth, data center expansion, and rising air conditioning usage. Power demand growth in April-May 2026 was 7% year on year, ahead of Jefferies’ 6% estimate for FY27. The near-term transmission bid pipeline is robust at Rs 1.5 lakh crore versus Rs 54,000 crore at end-FY25. JSW Energy, Adani Energy, and NTPC were identified by Jefferies as top picks given their project execution pipelines that drive double-digit earnings growth.
What is the technical outlook for Adani Power share price?
Ans. Adani Power share price at Rs 220 is trading near the Rs 220-222 support zone identified by analysts. The stock hit an all-time high of Rs 254.15 on May 29, 2026, and has corrected approximately 13.4% from that peak. Anand Rathi places support at Rs 215 and resistance at Rs 240. Bonanza analysts see the stock advancing toward Rs 248-260 if the Rs 220-222 support holds. Jefferies’ Buy target of Rs 255-270 provides a 16-23% upside from current levels. Adani Power has the lowest debt-to-equity ratio (0.82) among major power sector peers, providing balance sheet strength.
