Pumped Storage vs Battery: Why Bernstein names Tata Power as potential winner with 20% annual equity return potential
- Posted on July 23, 2026
- By Financial Express
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Pumped Storage vs Battery: Why Bernstein names Tata Power as potential winner with 20% annual equity return potential
Bernstein has issued a strong 'Outperform' rating on Tata Power, identifying it as a primary winner in India's strategic shift toward pumped hydro storage. With a target price of Rs 430 and projected equity IRRs exceeding 20%, the global brokerage details why battery storage is losing its economic edge to hydro projects.
