Adani Energy shares jumped more than 2% in early trading after Cantor Fitzgerald released an updated outlook on Adani Energy Solutions (AESL), setting an “Outperform” rating with a target price of ₹1,048, down from the earlier ₹1,650. Despite the revision in target price, investor sentiment remains positive due to AESL’s robust growth across its regulated and contracted transmission businesses.
AESL has been steadily increasing revenue from smart-meter annuities while enhancing distribution efficiency, supported by a strong transmission pipeline under development worth ₹593.04 billion. Additionally, the company has a near-term tender pipeline of approximately ₹900 billion, reflecting continued expansion opportunities.
Analysts note that from F2Q26 onward, AESL’s revenue is expected to better reflect the assets commissioned during F1Q26, as full-quarter earnings begin to flow through. This improved earnings visibility, combined with long-term infrastructure growth, continues to make Adani Energy a key stock in the renewable and transmission space.
Adani Energy shares were up 1.86% at ₹826.85 apiece around 10.55 am. It has jumped 2.66% this year, so far
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