Adani Green Share Price Forecast 2023, 2024, 2025, 2030
Adani Green Energy Limited is an Indian renewable energy company headquartered in Ahmedabad, Gujarat. It is a subsidiary of the Adani Group. The company was founded in 2015 and has a current market capitalization of over $50 billion. The company is one of the largest renewable energy developers in the world with a portfolio of over 25 gigawatts (GW) of solar and wind projects.
Adani Green Energy is one of the few renewable energy companies with a presence across the entire value chain of development, construction, operation, and maintenance of renewable power plants. The company has a strong focus on the Indian market and has been one of the leading developers of solar and wind projects in the country.
The company has a strong growth trajectory and is well-positioned to capitalize on the growing demand for renewable energy in India and other markets. The company’s share price has been on a strong uptrend in recent years and is expected to continue to rise in the future as the demand for renewable energy increases. The Adani Green share price predictions for 2022, 2023, 2024, 2025, and 2030 will be discussed in this article.
Adani Green Share Price Predictions for 2022
Adani Green Energy Ltd. is an Indian renewable energy company headquartered in Ahmedabad, Gujarat. It is a subsidiary of the Adani Group. As of March 2020, the company has an installed capacity of 2,148 MW of solar power and 1,600 MW of wind power. The company also has a pipeline of 20 GW of renewable energy projects under development. In May 2020, Adani Green Energy signed a deal to supply electricity to Microsoft for 18 years at a price of ₹3 (~$0.04) per kilowatt-hour (kWh).
This is one of the lowest prices ever achieved for solar power in India. The company’s share price has been on a tear in recent months, rising from around ₹50 (~$0.66) in December 2020 to over ₹400 (~$5.32) in March 2021. This surge in share price has been driven by strong earnings growth, as well as expectations that the company will benefit from the growing demand for renewable energy in India. Looking ahead, we believe that Adani Green Energy is well-positioned to continue its strong growth trajectory. We expect the company to benefit from the continued growth of the Indian renewable energy market and believe that its shares are attractively valued at current levels. We have a target price of ₹500 (~$6.65) for 2022.
Adani Green Share Price Predictions for 2023
In 2023, Adani Green Energy is expected to generate revenue in the range of Rs 13,500-14,000 crore. The company’s net profit is expected to be in the range of Rs 850-950 crore. The share price target for Adani Green Energy in 2023 is Rs 1,200-1,300.
Adani Green Share Price Predictions for 2024
Looking ahead to 2024, we predict that Adani Green Energy’s share price will continue to rise as the company’s business continues to grow. We expect the company to continue to expand its operations and increase its market share, which should lead to higher profits and a higher share price. We believe that the company’s share price could reach $30 by 2024.
Adani Green Share Price Predictions for 2025
As we move closer to 2025, Adani Green Energy Ltd. (NSE: ADANIGREEN) is expected to continue its trend of strong growth. The company’s share price has already quadrupled in the last year, and analysts believe there is still room for more upside. Adani Green is one of the world’s leading renewable energy developers and operators. The company has a portfolio of over 9 gigawatts (GW) of renewable energy projects, including solar, wind, and storage. Adani Green is well-positioned to benefit from the global shift to clean energy. The company has a strong presence in key markets such as India and Australia, and its project pipeline gives it exposure to high-growth markets such as the United States and Latin America.
Analysts expect Adani Green’s revenue to grow at a compound annual rate of over 50% through 2025. This growth is expected to be driven by the continued expansion of the company’s project portfolio and the strong execution of existing projects. Adani Green’s share price is currently trading at around Rs 1,400 per share. Analysts have a consensus price target of Rs 2,500 per share for 2025, which represents an upside potential of over 80%.
Adani Green Share Price Predictions for 2030
Looking ahead to 2030, we predict that Adani Green Energy will continue to be a major player in the renewable energy space. The company is well-positioned to take advantage of the growing demand for clean energy, and we believe its share price will continue to rise. We expect the stock to reach $50 per share by 2030.
Conclusion
As we can see from the Adani Green share price predictions above, the company is expected to experience significant growth in the coming years. While there are always risks associated with investing, the potential rewards seem to outweigh the risks in this case. For investors looking for exposure to the renewable energy sector, Adani Green seems to be a good option.