‘Too cheap to ignore’: Jefferies initiates coverage on Emmvee Photovoltaic, sees 70% upside

January 5, 2026

Jefferies initiates Buy on Emmvee Photovoltaic, citing India’s rapid solar scale-up, strong policy support and cost advantages. It expects installations to grow 24% CAGR, lifting domestic manufacturers’ profitability and positioning Emmvee for high-teen returns despite medium-term margin pressures.

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