The Adani Power share price is in focus after Morgan Stanley raised its price target to Rs 185 from Rs 163.60 per share. According to the international brokerage house, improving earnings visibility, faster PPA conversions, and disciplined capital execution are key triggers for the upgrade.

The brokerage retained its Overweight stance and the target price implies a potential upside of nearly 17% from its current levels. The international brokerage firm believes Adani Power’s EBITDA may rise by 20% annually between FY25-FY33, helped by higher plant utilisation and a stronger mix of contracted projects.

Morgan Stanley on Adani Power: The big PPA push

Additionally, Morgan Stanley said Adani Power’s recent progress in power purchase agreements (PPAs) has improved its earnings visibility

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