Foreign investment banks and brokerage firms believe that one of the Adani group's stocks could show significant growth. Analysts at Jefferies expect the company to add 5 gigawatts of capacity by the end of the 2027 fiscal year. Furthermore, the company is setting deadlines to increase its capacity along with transmission infrastructure expansion to reduce the risk of power outages.
This concerns Adani Green Energy, which is working to increase its Battery Energy Storage System (BESS) capacity from the current 3.6 gigawatts to over 10 gigawatts by the end of the 2027 fiscal year. Its future revenue may improve significantly.
The company is actively building its portfolio, aiming to reach a planned capacity of 50 gigawatts by 2030. Currently, Khawda AGEL holds a 47% share of the operating capacity, and this share is expected to increase to 60% by 2030.
In the 2026 fiscal year, Adani Green added 3.4 gigawatts of solar energy, 0.7 gigawatts of wind energy, and 1 gigawatt of hybrid power. The 50 gigawatt goal includes a 5-gigawatt pumped storage energy project. The development of pumped storage energy projects covers the states of Uttar Pradesh, Assam, Maharashtra, Telangana, Andhra Pradesh, and Tamil Nadu.
The company also has a solid portfolio of projects and land reserves, which increases the likelihood of achieving the 50 gigawatt target by 2030.
The stock price has fallen by 14% over six months and by 5% in one month. Meanwhile, Adani Enterprises shares have risen by 46% over half a year and by 30% over a year. Jefferies set a target price of 1,695 rupees, which is based on 2028 EBITDA.
Under the base case scenario, the stock target is 1,695 rupees, reflecting a 34% growth. It is projected that the installed capacity will reach 37.3 gigawatts by the end of the 2029 fiscal year, and the BSEES capacity will be 20 gigawatts, with an EBITDA CAGR of 30% from 2026 to 2030. In the optimistic scenario, the target price reaches 2,140 rupees, indicating a 69% growth.
