--- title: "滙豐全球銀行押注於可再生能源，首次給予 ACME Solar 和 Clean Max“買入” 評級" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/282480212.md" description: "滙豐全球投資研究已對 ACME Solar Holdings 和 Clean Max Enviro Energy Solutions 展開覆蓋，均給予 “買入” 評級，目標價格分別為₹350 和₹1,150。該公司強調，印度可再生能源行業的結構性增長受到城市化、工業化和電氣化的推動，目前可再生能源的成本顯著低於火電。分析師強調項目執行能力的重要性超過資本成本，並指出電池儲能解決方案（BESS）在促進可再生能源採用方面的影響。兩種可行的商業模式，即開發商到分銷商和開發商到消費者，被認為是市場增長的關鍵" datetime: "2026-04-12T19:22:07.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/282480212.md) - [en](https://longbridge.com/en/news/282480212.md) - [zh-HK](https://longbridge.com/zh-HK/news/282480212.md) --- # 滙豐全球銀行押注於可再生能源，首次給予 ACME Solar 和 Clean Max“買入” 評級 HSBC Global Investment Research has initiated coverage on ACME Solar Holdings and Clean Max Enviro Energy Solutions. The brokerage sees a renewable energy sector reaching another inflection point, citing cost advantages, strong policy support, and rising power demand. Analysts initiated ‘Buy’ on ACME Solar with a target price of ₹350. Similarly, Clean Max is rated ‘Buy’ as well with a target price of ₹1,150. ## Why is HSBC Global upbeat on India’s renewable energy (RE) sector? ### Structural case Analysts believe the growth in power demand in India is a structural story, driven by urbanisation, industrialisation, and electrification, with renewable energy emerging as an unstoppable force underpinned by public and private decarbonisation targets, supportive regulations, and, more importantly, lower costs. Solar power is now available at less than half the price of thermal power, with renewables broadly 30-50 per cent cheaper than thermal. Over the past five years, approximately 80 per cent of new energy capacity has come from renewables, and in the first eleven months of FY26, renewables accounted for approximately 88 per cent of capacity additions. Renewables currently make up 17 per cent of the country's power mix in terms of generation. ### Execution over capital While the cost of capital was historically the dominant factor in the renewable energy business, the brokerage believes that is changing. With increasing challenges around land acquisition, transmission, and design, project execution capabilities are now seen as the key differentiator that will define winners in the sector. ### BESS: A game change Battery energy storage solutions (BESS) are now available at competitive rates, providing renewable energy with another significant boost — particularly in addressing the shortage of power during evening hours when solar generation goes offline, HSBc noted. As BESS adoption widens, analysts expect power distribution companies and commercial and industrial (C&I) customers to accelerate their shift to renewables, with execution remaining a critical factor given tight economics. ### Two business models The largest segment of the RE market operates on a developer-to-distributor (D2D) model, where developers sell power to distribution companies, which in turn supply households, C&I enterprises, and the agricultural sector. A second model — developer-to-consumer (D2C) — involves selling renewables directly to C&I enterprises, bypassing distribution companies entirely. Analysts believe both models are viable and can co-exist, supported by strong policy backing and the growing corporate commitment to renewable energy. _**Disclaimer: The views and investment tips expressed by the analysts/brokerage are their own and not those of the website or its management. Business Standard advises users to check with certified experts before taking any investment decisions.**_ ### 相關股票 - [FTCI.US](https://longbridge.com/zh-HK/quote/FTCI.US.md) - [FMST.US](https://longbridge.com/zh-HK/quote/FMST.US.md) - [SWSS.US](https://longbridge.com/zh-HK/quote/SWSS.US.md) ## 相關資訊與研究 - [美伊衝突後 中國可再生能源迎來機遇？](https://longbridge.com/zh-HK/news/289004394.md) - [投資 1GW 太陽能、風電，博楓與鴻海在越南建立可再生能源夥伴關係](https://longbridge.com/zh-HK/news/289146006.md) - [GM 與 Redwood 擴大合作，退役電動車電池導入工廠儲能](https://longbridge.com/zh-HK/news/289269874.md) - [AI 資料中心耗電潮帶動新商機 Panasonic 砸 3500 億日圓擴產電池、供應 Tesla](https://longbridge.com/zh-HK/news/289390663.md) - [TI 推出電池監測器 增進電池管理系統更安全及智慧化](https://longbridge.com/zh-HK/news/289447472.md)