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Juniper Green Shares Soar 3% as JM Financial Initiates 'Buy' with 39% Upside Target
M
Moneycontrol•25-09-2026, 14:12
Juniper Green Shares Soar 3% as JM Financial Initiates 'Buy' with 39% Upside Target
- •Juniper Green Energy shares surged over 3% after JM Financial Institutional Securities initiated coverage with a 'Buy' rating.
- •JM Financial set a target price of Rs 371, implying a potential upside of approximately 39.4% from the current market price.
- •Juniper Green is recognized as a leading renewable energy (RE) Independent Power Producer (IPP) in India, with a focus on utility-scale solar, wind, hybrid, FDRE, and BESS projects.
- •The company boasts an operational portfolio of 2GW and a total portfolio of 8.4GW, ranking among the top 10 RE IPPs in India.
- •JM Financial projects significant growth, with revenue, EBITDA, and PAT expected to deliver CAGRs of 101%, 104%, and 208% respectively over FY26A-29E.
Key Questions Answered
JM Financial Institutional Securities initiated coverage on Juniper Green Energy with a 'Buy' rating and a target price of Rs 371, indicating an upside of approximately 39.4% from its trading price of Rs 266.05.
Juniper Green Energy possesses an operational portfolio of 2GW and an overall portfolio of 8.4GW, which includes 2.7GW under construction and 3.7GW under construction and awarded projects along with 500MWh of BESS capacity.
JM Financial projects that from FY26A to FY29E, Juniper Green Energy will achieve a compound annual growth rate (CAGR) of 101% in revenue, 104% in EBITDA, and 208% in PAT.
