JSW Energy stock soared nearly 8% after announcing its move to acquire a 100% stake in O2 Power Midco Holdings, O2 Energy SG, and their subsidiaries. The stock opened at ₹650.20 on Monday, cruising more than 5% above its previous close of ₹625.05, and shot up to ₹673.05 during the day. This surge came hot on the heels of the Friday evening announcement: JSW Neo Energy, a fully owned arm of JSW Energy, is set to purchase the renewable energy platform for ₹12,468 crore. This acquisition aligns perfectly with JSW Energy’s renewable energy ambitions, helping it to further its goal of reaching 20 GW of renewable capacity by 2030. Analysts are bullish on this move. ICICI Securities is particularly upbeat, with a ‘buy’ rating on JSW Energy, emphasizing the strategic value of this acquisition. On top of all this, investor sentiment has been further bolstered by solid credit ratings. India Ratings and ICRA both reaffirmed stable ‘AA’ ratings for JSW Energy’s debt, providing extra assurance to shareholders. This deal is a game-changer for JSW Energy, propelling it even closer to its renewable energy goals.