Power demand cycle shifting to value; Anand Rathi suggests what investors should do with Clean Max and ACME Solar shares

What happened: Anand Rathi said the power sector is shifting from volume to value, with renewable capacity set to grow faster than thermal. It initiated coverage on Clean Max with a buy and ACME Solar with a hold. Key numbers: Power capacity 7.7% CAGR through FY36E, solar 13%, wind 10.7%. Why it matters: Anand Rathi sees ACME's valuation already capturing much of its visible growth, limiting near-term upside, while Clean Max is seen benefiting from corporate power procurement and data centre build-out. The firm said execution remains critical for ACME.

Anand Rathi said the power sector is shifting from volume to value, with renewable capacity set to grow faster than thermal. It initiated coverage on Clean Max with a buy and ACME Solar with a hold.

Anand Rathi sees ACME's valuation already capturing much of its visible growth, limiting near-term upside, while Clean Max is seen benefiting from corporate power procurement and data centre build-out. The firm said execution remains critical for ACME.