According to Bernstein, the historical valuation arbitrage between large and small domestic solar equipment players has compressed as market multiples rationalised. While coverage names Waaree Energies and Premier Energies experienced valuation corrections, non-covered peer Emmvee saw a re-rating.
According to Bernstein, the historical valuation arbitrage between large and small domestic solar equipment players has compressed as market multiples rationalised. While coverage names Waaree Energies and Premier Energies experienced valuation corrections, non-covered peer Emmvee saw a re-rating.
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