ACME Solar and NTPC Green Energy Shares Surge Amid Sector Tailwinds

ACME Solar Holdings and NTPC Green Energy stocks jumped up to 9.4 per cent in Thursday’s trade in an otherwise weak market. At 12:22 PM, ACME Solar shares were trading 4.67 per cent higher at ₹260.1 per share, and NTPC Green Energy’s share price was up 2.27 per cent at ₹100.09 per share. In comparison, BSE Sensex was down 2.19 per cent at 75,026.13.Individually,AMCE Solar sharessurged for the third consecutive session, rising over 5 per cent. On March 17, 2026, the company informed its subsidiary, ACME Eco Clean Energy Pvt Ltd, that it had commissioned an additional 8 MW of capacity in its 100 MW wind power project in Gujarat.With the latest commissioning, the company’s operational capacity at the project has risen to 84 MW out of 100 MW, according to an exchange filing dated March 17. The wind project is located at Titoda village in Sayla taluka of Surendranagar district, Gujarat.Meanwhile,NTPC Green sharesrose for the second consecutive session, gaining nearly 4 per cent. On Wednesday, after market hours, the company declared commercial operation of the fourth part capacity of 165 MW at its 1,200 MW Khavda-II Solar PV Project in Gujarat.The capacity, housed under NTPC Renewable Energy Ltd, a wholly owned subsidiary of NTPC Green Energy, will be operational with effect today, March 19, 2026.Also ReadStock Market Crash LIVE: Sensex at day's low, down 1,980 pts, Nifty at day's low; Brent near $114ICICI Bank, ICICI Pru Life slip up to 4% as Prudential explores JV exitTTK Prestige, Stove Kraft gain up to 6% as gas supply worries resurfaceMid, smallcap indices bleed; HPCL, Voltas, Swiggy, Dixon fall up to 5%Adani Total Gas shares rebound 12% after 4-day rout; outperforms marketAnalyst's view"NTPC Green and ACME Solar Holdings are outperforming a generally weak market due to company specific as well as sector specific tailwind," said Balaji Rao Mudili, research analyst, Bonanza.Talking about the company specific factors, he said, NTPC Green declared commercial operation of 165 MW at its Khavda-II Solar PV Project in Gujarat. This follows a 270 MW commissioning earlier in the month, bringing its total operational capacity to over 9,700 MW. About ACME Solar, the company has commissioned 142.67 MW Battery Energy Storage System (BESS) in Rajasthan. BESS will allow the company to sell power during peak demand hours at higher rates.Focusing on sector specific tailwind, Rao believes Brent crude oil has touched approximately $113.5 per barrel following the tensions between US-Israel and Iran strengthening which makes renewable energy a geopolitical energy hedge.OutlookA report by Infomerics Ratings said the share of renewable energy (RE) in India’s total power generation is expected to rise to 26 per cent by the end of FY2026, even as demand growth remains subdued. The renewable purchase obligation (RPO) framework is likely to mitigate offtake risks for under-construction capacities.Looking ahead, RE—led by solar—is projected to account for 59 per cent of total installed capacity by FY2032. To meet the estimated peak demand of 458 GW, especially during non-solar hours, the deployment of adequate energy storage systems (ESS) will be crucial. This includes battery energy storage systems (BESS) and pumped storage projects (PSPs).Of the planned 236 GWh BESS capacity by FY2032, only 0.2 per cent is operational as of June 2025, with another 9.6 per cent (22.6 GWh) under various stages of development. On the pumped storage side, India currently operates about 5 GW of PSP capacity, with over 12 GW under construction and nearly 69 GW under development.Infomerics Ratings’ outlook on the renewable energy sector remains stable over the medium term, supported by strong policy backing, healthy PLFs and comfortable debt coverage metrics. While the payment cycle from distribution utilities witnessed a material improvement in the recent quarters, it remains a key monitorable. For the incremental capacity additions, timely execution, deployment of adequate ESS, and grid integration remains critical.Disclaimer: The views and investment tips expressed by the analysts in this article are their own and not those of the website or its management. Business Standard advises users to check with certified experts before taking any investment decisions.