Overweight JSW Energy, target Rs 85: JPMorgan
Post the SEB deal, JSW will have 80 per cent of capacity tied up long term PPAs.
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| Updated: JPMorgan maintains an overweight stance on JSW Energy with a 12-month target price of Rs 85. The global brokerage firm believes that Power Purchase Agreements (PPA) on the horizon for this merchant IPP or independent power producer.
PPA with Karnataka SEB to bring in much required certainty for earnings, said the JPMorgan note. Post the SEB deal, JSW will have 80 per cent of capacity tied up long term PPAs.
The global brokerage firm believes that so far the company has managed inorganic growth ambition well.
PPA with Karnataka SEB to bring in much required certainty for earnings, said the JPMorgan note. Post the SEB deal, JSW will have 80 per cent of capacity tied up long term PPAs.
The global brokerage firm believes that so far the company has managed inorganic growth ambition well.
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