Adani Power shares surged approximately 7% following positive assessments from brokerages. Analysts highlight a multi-year earnings upcycle driven by significant capacity expansion, increasing long-term power purchase agreements (PPAs), and improved cash flow visibility. This outlook is supported by India's strengthening baseload power demand, fueled by industrial growth, electric vehicles, and data centers. The company's strategy to transition into an efficient private baseload operator with a substantial PPA-backed portfolio underpins these optimistic projections.