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This article was written by

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Analyst’s Disclosure: I/we have a beneficial long position in the shares of AMZN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

During its investor meet recently, Suzlon Energy laid out an ambitious roadmap for FY31, aiming to transform itself from a wind-focused company into a broader renewable energy platform. The company is targeting revenue growth of more than 25% CAGR over the period, while strengthening its leadership position in the domestic wind energy market.

As part of its growth strategy, Suzlon plans to increase its share of India’s wind market to over 40% from around 33% currently.

Following the development, a host of brokerages have issued bullish calls on the stock, with some calling the firm ‘most investible’ when compared with other competitors.

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Motilal’s take on Suzlon Energy

Motilal Oswal has a Buy rating with a target price of Rs 65, assuming an upside of 18% from current levels. Analysts believe Suzlon’s management helped address key medium-to-long-term concerns by presenting a clear strategy for growth and diversification beyond its core wind business. The brokerage said the company’s planned expansion into adjacent renewable energy segments could strengthen earnings resilience over time. The brokerage added that Suzlon continues to stand out as the most credible and investible player in India’s wind energy sector, backed by its strong market position and consistent execution track record.

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While the long-term vision is encouraging, Motilal noted that investors are likely to remain focused on execution, capital allocation discipline, and the company’s ability to manage working capital and leverage.

JM Financial on Suzlon Energy

Like Motilal, JM Financial has the same rating and target price. The brokerage said the key differentiator now is “Suzlon 2.0” which marks a significant shift from being solely a wind turbine supplier to becoming an integrated renewable energy developer. The company is expanding across renewable technologies and strengthening its asset management services (AMS) business through a renewable energy project development company (DevCo), which could significantly increase revenue potential per megawatt.
According to JM Financial, Suzlon’s target of expanding its AMS portfolio to 70 GW from the current 18 GW represents the highest-quality earnings stream within the business mix. The brokerage believes that if execution remains strong, the expansion of the 70 GW-plus AMS platform and integrated renewable energy solutions business could emerge as a more important earnings driver over the next three to five years than turbine deliveries alone. This, in turn, could improve revenue visibility, margins and valuation multiples.Read more: HCL Tech shares jump 3% after buying stake in Sarvam AI for Rs 1,427 crore

Suzlon Energy share price target

Systematix Institutional Equities also has a ‘Buy’ rating on the stock with a target price of Rs 71 per share, indicating an upside potential of nearly 29%. Centrum, meanwhile, has a ‘Buy’ call with a target price of Rs 75 per share, implying a potential upside of about 36%.

Suzlon Q4 snapshot

The company posted a 6% year-on-year decline in consolidated net profit for the fourth quarter at Rs 1,114 crore, compared with Rs 1,182 crore in the same period last year.

Revenue from operations, however, rose sharply by 45% year-on-year to Rs 5,468 crore during the quarter. On a sequential basis, net profit jumped 150% from Rs 445 crore reported in the December quarter.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

• The fund posted returns of -2.29% (Institutional shares) and -2.38% (Investor A shares, without sales charge) for the first quarter of 2026.

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