{"id":321029,"date":"2026-10-21T15:50:17","date_gmt":"2026-10-21T10:20:17","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=321029"},"modified":"2026-10-21T15:50:17","modified_gmt":"2026-10-21T10:20:17","slug":"acme-solar-vs-ntpc-green-which-renewable-stock-does-nomura-prefer","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/acme-solar-vs-ntpc-green-which-renewable-stock-does-nomura-prefer\/","title":{"rendered":"Acme Solar vs NTPC Green: Why Nomura Prefers One Renewable Stock Over the Other"},"content":{"rendered":"

In the Acme Solar vs NTPC Green comparison, Nomura initiated coverage on 21 Oct 2026 with a Buy and a Rs 505 target on Acme Solar and a Neutral and a Rs 100 target on NTPC Green. At the 21 Oct close of Rs 403.50 and Rs 84.04, those targets imply about 25.2% and 19.0% upside (my calculation), and both stocks fell on the day, by 3.41% and 4.15%. Centrum rates NTPC Green a Buy at Rs 124, so brokers do not agree on it.<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

In the Acme Solar vs NTPC Green comparison, Nomura prefers Acme Solar, rating it Buy with a target of Rs 505, against a Neutral rating and a Rs 100 target on NTPC Green, in coverage initiated on 21 Oct 2026. Nomura expects revenue to compound at 66% a year for Acme Solar and 74% for NTPC Green over FY26 to FY29, and values Acme Solar at 10.2 times forward EV\/EBITDA against 13.3 times for NTPC Green. The preference rests on Acme Solar’s shift to firm and dispatchable power with storage, while NTPC Green faces transmission delays that Nomura has built into lower capacity additions than company guidance. Both stocks fell on 21 Oct, to Rs 403.50 and Rs 84.04, so the targets imply about 25.2% and 19.0% upside from the close (my calculation).<\/p>\n<\/p><\/div>\n

The Acme Solar vs NTPC Green question reached the market on 21 Oct 2026, when Nomura started coverage of the two listed renewable developers on the same day with different ratings. Acme Solar is a mid-sized developer moving into storage-backed power, and NTPC Green is the renewable arm of NTPC with a far larger market value.<\/p>\n

This Acme Solar vs NTPC Green guide covers the Nomura calls, price and valuation today, the reasoning behind each rating, the gap with Centrum’s earlier calls, and the risks. It is educational and not a recommendation to buy or sell any share.<\/p>\n

Click Here – Get Free Investment Predictions<\/a><\/strong><\/p>\n

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