Suzlon Energy: A Renewable Energy Stock with Huge Growth Potential
Suzlon Energy's share price has faced significant challenges over the past year, dropping more than 30% from its peak and 21% in the last 12 months. Despite this, top domestic brokerages are optimistic about the stock's future, predicting a potential 55% increase in value.
Why the Optimism?
Several factors are driving this bullish outlook. Firstly, Suzlon has a strong long-term track record, delivering over 1,400% returns in five years. This makes it one of the market's standout multibaggers. Additionally, the company is expanding its capacity, executing projects strongly, and benefiting from rising wind demand and a multi-year clean energy upcycle.
Brokerage Targets
- Anand Rathi: ₹82, implying a 55% upside from the current level of ₹52. The brokerage believes Suzlon is well-positioned to benefit from India's accelerating wind energy cycle.
- ICICI Securities: ₹76, indicating a 46% upside. The firm cited Suzlon's strong H1FY26 execution and constructive management commentary.
- Motilal Oswal: ₹74, implying a 43% upside. The brokerage emphasized management's growing confidence in exports and the company's plans to strengthen logistics and reduce turnaround time.
Technical View
From a technical viewpoint, Suzlon continues to face selling pressure, trading near ₹52 and staying below key moving averages. The stock remains below all major EMAs, which are sloping downward and acting as dynamic resistance. Volumes also reflect ongoing weakness, with heavier participation on down days.
Key Takeaways
- Suzlon Energy has a strong long-term track record, with over 1,400% returns in five years.
- The company is expanding its capacity, executing projects strongly, and benefiting from rising wind demand and a multi-year clean energy upcycle.
- Top domestic brokerages are optimistic about the stock's future, predicting a potential 55% increase in value.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of the author. We advise investors to check with certified experts before making any investment decisions.