The stock of Acme Solar Holdings has gained 19% in four trading sessions after the company declared strong December quarter numbers on January 29. The solar power generator has nearly doubled its operational capacity in the first nine months of FY25 to 2,540 megawatts (MW) from the previous fiscal year, while reducing debt burden with the help of the IPO proceeds. The company has signed power purchase agreements for 53% of the 4,430 MW of under construction capacity. It expects to improve the capacity utilisation factor (CUF) of its plants to over 30% from the current 23.7% thereby improving operational efficiency.
The company builds, owns, and operates renewable energy projects in solar, wind, hybrid and firm and dispatchable renewable…
