JSW Energy-Adani Green and 3 Other Power Stocks in Which Jefferies Sees 11% Surge YoY

Global investor interest in India’s power sector is surging, and the reasons are clear. Global brokerage firm Jefferies has released a new report on the power utility sector, and the data presented is compelling. Electricity demand rose by 7% year-on-year in April and May, with the growth rate hitting 11% in May alone. Jefferies had projected a 6% increase in power demand for FY27—actual figures are far outpacing this estimate. Maintaining a positive outlook on the sector, the brokerage has raised price targets for six power stocks and identified JSW Energy, Adani Energy Solutions, and NTPC as its top picks.

JSW Energy Ltd

JSW Energy is one of Jefferies’ top picks in the sector. The brokerage has raised its target price from ₹675 to ₹745 and maintained a ‘Buy’ rating. The stock is currently trading around ₹570, implying an upside potential of approximately 31% based on the new target. Its 52-week high stands at ₹617 and the low at ₹428. Year-to-date, the stock has delivered a net return of 14%.

Tata Power Ltd

Tata Power stands out in this list. While Jefferies raised its target price from ₹335 to ₹355, it kept the ‘Underperform’ rating unchanged. The stock is currently trading at ₹404, meaning the revised target remains about 13% below the current market price. Its 52-week high is ₹465 and the low is ₹342. Year-to-date, the stock has returned 5%—lower than that of other companies in the sector.

Adani Power Ltd

Adani Power has been one of the best-performing companies in the power sector in 2025. This stock has delivered a net return of 52% so far this year and is trading around ₹225. Jefferies has raised its target price from ₹255 to ₹270 while maintaining a ‘Buy’ rating, implying a potential upside of approximately 20% from current levels. Its 52-week range spans from a low of ₹105 to a high of ₹255.

Adani Energy Solutions Ltd

One of the most significant revisions in the report concerns Adani Energy Solutions. Jefferies has increased its price target from ₹1,665 to ₹1,905 while retaining a ‘Buy’ rating. At the current price of ₹1,570, the new target indicates an upside potential of about 22%. The stock hit a 52-week low of ₹745 and has already yielded a 50% return this year, demonstrating strong momentum.

Adani Green Energy Ltd

Adani Green Energy has also seen a substantial upward revision in its target; Jefferies has raised its estimate from ₹1,435 to ₹1,730 while maintaining a ‘Buy’ rating. Trading at ₹1,490, the stock offers an upside potential of approximately 16%. With a 52-week range of ₹767 to ₹1,532 and a year-to-date return of 47%, it stands out as another strong performer within the Adani Group’s energy portfolio.