ACME Solar tanks 20% in 2 days; Morgan Stanley sells 3 mn shares post IPO

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ACME Solar tanks 20% in 2 days; Morgan Stanley sells 3 mn shares post IPO - Business Standard

Quick Summary:

ACME Solar Holdings slipped 9 per cent to Rs 230.35 on the National Stock Exchange in Thursday's intra-day.

Without prior experience in commissioning such projects, they could encounter delays and unexpected costs, which would undermine the project's viability and profitability.

However, the company may not be able to grow its portfolio of renewable energy power projects as it relies on highly competitive renewable energy power project auctions.