Adani Green Energy Share Price Surges On Robust Business Update
Adani Green Energy Ltd.'s share price rose by 3.46% on Tuesday following the release of a strong business update for the fiscal year 2025. The company reported growth across various metrics.
For FY25, Adani Green Energy achieved a 28% year-on-year increase in energy sales, reaching 27,969 million units. The company's operational capacity grew by 30% to 14.2 GW.
Moreover, the company reported that over the past five years it has maintained a compound annual growth rate of 45% in energy generation.
The update also detailed the company's portfolio performance, with the solar portfolio achieving a capacity utilisation factor of 24.8%, supported by 99.5% plant availability.
The wind portfolio recorded a CUF of 27.2%, with 95.9% plant availability, while the hybrid portfolio reached a CUF of 39.5%, backed by 99.6% plant availability.
Additionally, Adani Green Energy operationalised 2,710 MW of solar power plants and added new greenfield projects, including 1,460 MW in Khavda, Gujarat, 1,000 MW in Rajasthan, and 250 MW in Andhra Pradesh. The company also operationalised and added 599 MW of wind power plants in Khavda, Gujarat.
The scrip rose as much as 3.46% to Rs 924 apiece. It pared gains to trade 2.84% higher at Rs 919 apiece, as of 10:02 a.m. This compares to a 2.11% advance in the NSE Nifty 50 Index.
It has fallen 49.37% in the last 12 months. The relative strength index was at 52.
Out of seven analysts tracking the company, six maintain a 'buy' rating and one suggests 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 40.2%.
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