JSWENERGY
CLSA ON JSW ENERGY : 29.06.2021
* Downgrade JSW Energy to SELL from BUY
* Target for JSW Energy at Rs 146/share
* Downgrade to SELL after a stellar run
* Weak 4Q and FY21 but improved energy transition visibility
* Many positive initiatives and regulatory wins
CITI ON JSW ENERGY : 28.06.2021
* MAINTAIN BUY TARGET: 178
* Citi maintains Buy call on JSW Energy as it believes co is embarking on next leg of growth through creation of 2.5 GW of renewable capacity
* Embarking On Next Leg Of Growth Through Creation Of 2.5 GW Of Renewable Capacity
* Renewable Capacity Has Reasonably Healthy Visibility Of Fructifying Over 2-2.5 Years
* Growth Through Reasonably Priced Green Projects Should improve ESG Scores
CITI ON JSW ENERGY : 28.06.2021
* Maintain BUY, Target at Rs 178/share
• Growth through renewables; healthy cash flows
• JSW Energy also has done value-accretive acquisitions
* Refrained from participating in cutthroat bidding for renewable projects
• This has left balance sheet in a very strong shape
• JSW Energy embarking on next leg of growth
* Valuations are no longer cheap
