Buy Premier Energies; target of Rs 1320: ICICI Securities

ICICI Securities is bullish on Premier Energies recommended buy rating on the stock with a target price of Rs 1320 in its research report dated November 28, 2025.

Broker Research

November 28, 2025 / 10:39 IST

Buy

26 Aug, 2025 12:21

Volume

Todays L/H

ICICI Securities research report on Premier Energies

We met Premier Energies (Premier)’s management during the company’s Investor Meet. Takeaways: 1) 1.2GW TOPcon facility has stabilised with >60% capacity utilisation and 25.2% efficiency. 2) 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. 3) Management provided an update on the progress on ingot and wafer facility. It believes that the player with – i) scale; ii) integration; and iii) access to funding would have an advantage over competition. Premier is building 10GW of integrated solar manufacturing capacity and should be able to fund the entire capex with very little requirement of external funding. We firmly believe Premier is likely to do well. Reiterate BUY.

Outlook

We reiterate BUY on the stock with TP of INR 1,320.

For all recommendations report, click here