Why Is Adani Green Energy Share Price Rising Today? Solar Energy Stock Zooms 11% After THIS Update

Adani Green Energy Share Price Today: Shares of Adani Green Energy Limited rallied in Wednesday's intraday trading session after brokerages revised their target price for the green energy stock.

Adani Green Energy share price was trading 11% higher at Rs 1026.6 per share on BSE with a market capitalisation of Rs 1,69,099.10 crore on BSE at 1:50 pm. The stock had touched an intraday high mark of Rs 1046 per share and an intraday low of Rs 968 per share.

Why is Adani Green Energy Price Rising Today?

The rally in the Adani Green Energy share price today came after brokerage Macquarie revised its target price for the renewable energy stock earlier in the day. The brokerage has raised its target price to Rs 1,320 per share and has given an 'outperform' rating to the green energy stock.

Macquarie has also raised its base-case capacity estimates for Adani Green Energy after strong performance in the financial year 2025-26. The brokerage has also revised Adani Green Energy's EBITDA CAGR target by 25% to the base case, attributing to faster capacity ramp-up.

Adani Group Stocks Rally

Adani Green Energy share price rally during Wednesday's trading session coincides with a sharp upside move in other Adani Group stocks including Adani Energy Solutions, Adani Enterprises, etc. Adani Group stocks rally came after a New York federal court agreed to hold a pre-motion conference on a plea from lawyers for Gautam Adani and Sagar Adani seeking dismissal of a US Securities and Exchange Commission securities fraud case that has been pending for more than 15 months, while a wider market rebound also supported prices.

Adani Green Energy Share Price Technical Analysis

The Trendlyne website has notified Adani Green Energy as an 'expensive performer'. As per the website's analysis, Adani Green Energy has a valuation score of 29. Adani Green Energy Ltd. was given a valuation score of 29 by Trendlyne. A High Valuation Score (greater than 50) indicates the stock is competitively priced at current P/E, P/BV and share price.

"Adani Green Energy Ltd. has spent 12.7% of the time below the current P/E 113.8. This puts it in the PE Strong Buy Zone," as per Trendlyne analysis. Talking about its momentum oscillators metric, Adani Green Energy share price is trading above 6 out of 9 oscillators in bullish zone, indicating its bullish momentum.

Adani Green Energy Share Price Trend

The stock opened higher on Wednesday. Adani Green Energy share price had touched its 52-week high mark of Rs 1,179.20 per share on BSE on September 23, 2025. The stock dipped to its 52-week low mark of Rs 767 per share on January 23, 2025. The stock has a return on equity (ROE) of 8.9%. Adani Green Energy scrip has delivered more than 20% return in two weeks.