Premier Energies Shares: A ‘Buy’ Call by ICICI Securities Post Q2 Results

Premier Energies Ltd. has reported strong Q2 results, with a 10% higher operating profit than consensus expectations. The company’s volume growth of 50% YoY (modules) and Rs 5.6 billion Ebitda, up 47% YoY, have been major highlights. Additionally, the sharp increase in orderbook of Rs 132 billion and the decision to bring forward its cell expansion from 10GW in FY27 (vs FY28 earlier) are expected to drive growth.

India’s Renewable Energy Push

To fuel domestic manufacturing, India’s government has rolled out a power-packed policy mix—PLI incentives, non-tariff barriers such as approved list of models and manufacturers (compulsory local sourcing), and a protective 40% and 25% duty on imported modules and cells, respectively. Renewable energy stocks like Premier Energies shall stand to benefit from the push for local manufacturing.

Premier Energies’ Expansion Plans

Premier Energies is in the process of building vertically and horizontally. It is building its wafer and ingot business while investing in batteries and aluminium frames. This strategic expansion is expected to drive growth and increase the company’s competitiveness in the market.

ICICI Securities’ ‘Buy’ Call

ICICI Securities has maintained a ‘buy’ call on Premier Energies shares post Q2 results, citing the company’s strong operating performance and growth prospects. The brokerage firm expects the company’s revenue to grow at a CAGR of 25% over the next two years, driven by the increasing demand for renewable energy solutions.

Investment Opportunities in Renewable Energy

The Indian government’s push for renewable energy has created a huge opportunity for investors to invest in renewable energy sector. Premier Energies, with its strong Q2 results and growth prospects, is an attractive investment opportunity for those looking to invest in the renewable energy space.

Conclusion

In conclusion, Premier Energies’ strong Q2 results and growth prospects make it an attractive investment opportunity for those looking to invest in the renewable energy space. With the Indian government’s push for renewable energy, the company is well-positioned to benefit from the growing demand for renewable energy solutions. ICICI Securities’ ‘buy’ call on the stock is a testament to the company’s strong operating performance and growth prospects.