# Nomura rates Acme Solar and NTPC Green

> Nomura's Buy on Acme Solar vs Neutral on NTPC Green for renewable stocks.
- Title: Nomura rates Acme Solar and NTPC Green · mint | Shortify
- Summary: Nomura's Buy on Acme Solar vs Neutral on NTPC Green for renewable stocks. Nomura rates Acme Solar with a Buy and ₹505 target versus NTPC Green's Neutral and…
- Keywords: acme solar, ntpc green energy, nomura, renewable stocks, stock market, share price target, outlook, money, business, rates, Acme, Solar
- Source: mint — https://livemint.com/market/stock-market-news/acme-solar-vs-ntpc-green-renewable-stocks-in-focus-check-what-nomura-prefers-share-price-target-outlook-11792573553843.html
- Author: Dhanya Nagasundaram
- Published: 2026-10-21T09:28:31+00:00
- Read time: 1 min
- Topics: acme solar, ntpc green energy, nomura, renewable stocks, stock market, share price target, outlook, money, business
## Nomura initiates coverage
Nomura initiated coverage on Acme Solar with a Buy rating and ₹505 target price.

> Acme Solar gets Nomura buy call as storage gains importance
## NTPC Green Energy rating
Nomura rated NTPC Green Energy Neutral with a ₹100 target price.
## Key shift in renewable sector
Energy storage gains importance as solar and wind capacity expands in India.
## Acme Solar growth drivers
Acme Solar's battery storage plans and dispatchable renewable projects support 66% revenue growth.
## NTPC Green execution risks
Tight transmission availability delays NTPC Green's project execution despite strong growth pipeline.
## Acme Solar valuation
Acme Solar valued at 10.2 times December 2028 enterprise value to EBITDA.
## NTPC Green valuation
NTPC Green valued at 13.3 times December 2028 enterprise value to EBITDA.
## Acme Solar project pipeline
Acme Solar has 5.4 GW under execution and 4.3 GW with signed power purchase agreements.
## NTPC Green growth pipeline
NTPC Green has 16 GW awarded capacity and memoranda with public-sector companies.
## Storage impact on renewables
Energy storage share in tenders increased from 22% in FY22 to 87% in FY26.
## Nomura's outlook
Nomura sees growth opportunities in companies developing storage-backed renewable projects.
## Key takeaway

Nomura rates Acme Solar with a Buy and ₹505 target versus NTPC Green's Neutral and ₹100 target for renewable energy stocks.