ICICI Securities has issued a BUY recommendation on South-India based solar energy major Premier Energies, maintaining a target price of Rs 1,320 from the current market price of Rs 989, signaling

ICICI Securities has issued a BUY call for Premier Energies, setting a 12-month target price of Rs 1,320, representing a potential upside of 25% from the current market price.

Premier Energies share price surged after the company announced an agreement to supply solar modules to BN Hybrid Power-1, a subsidiary of BrightNight India.