Motilal Oswal attended JSW Energy's plant visit, showcasing green hydrogen and floating solar projects. The company has nearly doubled its operational capacity to 13.2GW and plans to reach 30GW by FY30, with 74% of its pipeline secured under long-term PPAs. Despite challenges in green hydrogen economics, JSW Energy's execution capabilities and reduced merchant exposure enhance cash flow stability. Motilal Oswal maintains a BUY rating with a target price of INR657.