Cantor Fitzgerald rates Adani Energy Solutions Ltd 'Overweight,' projecting a 130% upside to ₹2,251.

Cantor Fitzgerald has assigned an 'Overweight' rating to Adani Energy Solutions Ltd (AESL), projecting a 130% upside with a target price of ₹2,251. Despite a decline in stock price this year, Cantor views AESL as a strong investment in India's growing energy sector, citing a diversified portfolio and significant revenue growth forecasts. Expected revenue growth is 20% CAGR from FY24 to FY27, with adjusted EBITDA growth at 28.8%.

September 20, 2024
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