Investec has reiterated its “hold” rating on JSW Energy, with a target price of ₹675. This suggests an upside potential of 7% from the current market price of ₹629.85.
The brokerage highlighted that the recent acquisition of O2 Power marks a significant step in strengthening JSW Energy’s renewable energy portfolio. This acquisition secures the company’s future growth, aligning with its ambitious target of achieving 25 GW capacity by FY27/28.
The deal is expected to include 2.4 GW of operational assets, contributing to a run-rate EBITDA of ₹1,500 crore. Investec emphasized that this acquisition positions JSW Energy to capitalize on the growing demand for clean energy while reinforcing its long-term growth prospects.
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