# Acme Solar shares rose nearly 6 percent on Monday, defying the broader market weakness.

*business · news · 2026-04-13 · Moneycontrol*

## Key points

- HSBC initiated coverage on Acme Solar with a 'buy' rating and a Rs 350 target price.
- HSBC projects Acme Solar's EBITDA to grow at a 72% CAGR between FY26 and FY28.
- Acme Solar plans to increase its generation capacity by 2.7 times in the next 2-3 years.
- The company is shifting from pure solar to firm, dispatchable renewables combining solar, wind, and storage.
- Working capital days improved significantly from 93 to 23 in FY24 due to lower receivables.

**Companies:** HSBC, Acme Solar, Clean Max
**Countries:** India, United Kingdom

[Read the full story on Moneycontrol](https://www.moneycontrol.com/news/business/markets/acme-solar-shares-rise-up-to-6-as-hsbc-initiates-coverage-with-buy-rating-13887518.html)

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