ACME Solar share price rallies for fifth trading session, stock jumps 9% – What’s fuelling the rally?

Renewable energy producer, ACME Solar Holdings, shares surged for the fifth consecutive trading session on the Indian stock market on Friday, March 13, 2026, after the firm announced that it has commissioned a battery energy storage system in Rajasthan, according to an exchange filing.

On a closing price basis, ACME Solar shares closed lower at ₹228.40 at the end of the first week of this month, on March 6, 2026. From March 9 onwards, the shares have caught an upward movement, which the investors have witnessed so far across the current week, with the renewable energy stock gaining from ₹228.40 to a high of ₹262.80 as of Friday’s intraday trading.

After the opening bell on Friday, ACME Solar stock surged to its intraday high level of ₹262.80 after rising more than 9% during the early market session. The shares were trading right under their day’s high level as of mid-day trading on March 13.

What’s fuelling ACME Solar’s rally?

ACME Solar shares are rising on the stock market on Friday, after the company announced that it has commissioned a 142.67 megawatt (MW) battery energy storage system (BESS) in Rajasthan, part of the firm’s ‘Phase 1’ plan of the total planned BESS capacity of 585 MW under SPVs.

The company said that the “current portfolio requires installation of ~17 GWh of BESS in multiple phases across different states,” according to the exchange filing.

The NSE filing also highlighted that these BESS facilities will be connected to the operational Inter-State Transmission System (ISTS), which will run on a merchant basis in the short term, generating revenues for the firm in peak and non-peak demand hours.

Since the beginning of the second week of March, ACME Solar has been disclosing order book updates, where the company commissioned a 4 MW wind subsidiary-owned wind energy project on March 9, commissioned the third phase at a separate 19 MW BESS plant in Rajasthan on March 11, commissioned the second phase of another 33.335 MW BESS plant in Rajasthan and signed a 450 MW power purchase agreement with State-run giant SJVN on the same day.

All of these factors, along with the rising demand for energy in Indian market amid the ongoing US-Iran conflict is contributing to the gains of ACME Solar’s stock on the stock market.

ACME Solar share price trend

ACME Solar share price was trading 6.43% higher at ₹255.52 as of 12:22 a.m. on Friday, compared to ₹240.08 at the previous stock market close, according to the NSE data. The company announced the Rajasthan battery energy storage system commissioning update prior to the market opening bell on March 13.

Shares of ACME Solar Holdings have given stock market investors more than 26% returns on their investment in one year, and over 7% returns on a year-to-date (YTD) basis so far in 2026, NSE data showed.

The exchange data also highlighted that the stock has risen 13.66% in the last one month period and is trading 12% higher over the last five sessions on the Indian stock market. ACME Solar share price hit its 52-week high at ₹324.30 on September 15, 2025, while the 52-week low was at ₹172.63 on April 7, 2025.

NSE data showed that the renewable energy company’s market capitalisation was at ₹15,486.82 crore as of the trading session on Friday, March 13, 2026.