Daily BriefsECM

Daily Brief ECM: ACME Solar Holdings – Strong Sector Tailwinds but Need to Keep an Eye on Profitability and more

In today’s briefing:

  • ACME Solar Holdings – Strong Sector Tailwinds but Need to Keep an Eye on Profitability
  • Jiangsu Zenergy Battery Technologies Pre-IPO Tearsheet


ACME Solar Holdings – Strong Sector Tailwinds but Need to Keep an Eye on Profitability

By Ethan Aw

  • ACME Solar Holdings (1700918D IN) is looking to raise US$360m in its upcoming India IPO. 
  • ACME Solar (ACME) is a renewable energy firm with a portfolio of solar, wind, hybrid and firm and dispatchable renewable energy (FDRE) projects.
  • In this note, we talk about the company’s historical performance.

Jiangsu Zenergy Battery Technologies Pre-IPO Tearsheet

By Ethan Aw

  • Jiangsu Zenergy Battery Technologies (JSZENERGY CH) is looking to raise up to US$300m in its upcoming HK IPO. The deal will be run by CICC, and CMB International.
  • Jiangsu Zenergy Battery Technologies (Zenergy from hereon) is an EV and energy storage system (ESS) battery manufacturer in China. 
  • It provides integrated battery solutions, encompassing battery cells, modules, packs, racks, and battery management systems dedicated to large-scale applications of electrochemical products to interconnect omni-scenarios of land, sea and air.

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