Premier Energies Ltd. share price target

We recently met the management of Premier Energies to discuss the global solar manufacturing landscape, competitive dynamics, data center-led demand tailwinds, international expansion strategy, capital expenditure plans, and opportunities in battery energy storage systems (BESS). The management highlighted global solar demand potential stood at ~500GW in 2025, while Chinese manufacturing capacity remains at ~2x global demand, resulting in continued rationalization pressures across the solar value chain. India remains strategically well positioned in the global solar ecosystem, although dependence on China for ingots and wafers continues. PREMIERE...

Incorporated in April 1995, Premier Energies Limited specializes in manufacturing integrated solar cells and solar panels. Its product portfolio includes solar cells, solar...

We met Premier Energies (Premier)’s management during the company’s Investor Meet. Takeaways: 1.2GW TOPcon facility has stabilised with >60% capacity utilisation and 25.2% efficiency. Trial runs for 5.6GW module capacity at Seetharampur, Telangana and 4.8GW TOPCon cell capacity (of 7GW) at Naidupeta, Andhra Pradesh are expected by Mar’26 and Jun’26, respectively.

Mission 2028 Growth Path: Targeting 10 GW fully integrated capacity across ingots, wafers, cells, modules.

Premier Energies (Premier) has kicked off FY26 on a strong footing. Volume growth of 10% to ~800MW (as per our estimates).

We attended Premier Energies’ (Premier) analyst meet. Premier is among the only two players who are building and are ramping up solar manufacturing capacity. India is building barriers and fending off Chinese competition.

Issue Snapshot:Issue Open: August 27 August 29, 2024Price Band: Rs. 427 450 (Discount of Rs 22 pershare for all eligible employees)*Issue Size: Up to Rs 2830.4 cr (including Freshissue of Rs 1291.4 cr + Offer for sale of34,200,000 eq share including employeereservation of upto Rs.10.0 crReservation for:QIB upyo 50% eq shNon-Institutional atleast 15% eq sh((including 1/3rd for applications between Rs.2lakhs to Rs.10 lakhs))Retail atleast 35% eq shFace Value: Rs 1Book value: Rs 19.36 (June 30, 2024)Bid size: - 33 equity shares and in multiplesthereof100% Book built Issue IPO Note-Premier Energies Limited