By Admin 
Suzlon Energy share: The stance of brokerage firms on Suzlon Energy Ltd, a company related to renewable and wind energy in India, remains positive. However, in view of its weak quarterly results and many other challenges, some brokerage firms have reduced their target price on its stock.
Brokerage has confidence in Suzlon shares
JM Financial said that Suzlon’s revenue increased due to higher delivery of 617MW in the December quarter of business year 2026. Due to better order mix, EBITDA margin also increased to 17.4 percent.
JM Financial further said, “While maintaining FY26 deliveries at 2.5GW, we are reducing FY27-28 deliveries to 3.0/3.2GW from the earlier estimate of 3.1/3.5GW, as discussed in ‘Tailwinds may soon become winds’. We maintain ‘Buy’ rating with a target of Rs 64 (from Rs 70 earlier) based on 25 times valuation of the stock based on FY28 estimated EPS.
Stock may jump up to 55 percent
According to Motilal Oswal, “Some of its important positives include the management’s confidence in achieving 60 percent growth in key indicators for FY26.” Suzlon is on track to deliver 2.5GW in FY26, of which 1.6GW has already been completed in nine months, representing a growth of 66% YoY. By January 2026, the order book has reached 6.4GW, in which the share of the EPC segment has increased to 27 percent.
The report said, due to challenges in right of way, land and grid clearance, the pace of installation was slow in the first nine months and only 442MW could be installed, but Motilal Oswal expects installations to pick up in the fourth quarter.
Motilal Oswal is valuing Suzlon Energy at 30 times the estimated EPS of 2028, which sets its target at Rs 74 (suggesting an upside of 55 percent), which is slightly higher than the average forward P/E of the last two years of 27 times. MOFSL mentioned a government task force to overcome land and connectivity issues, which can help Suzlon grow in domestic and international markets.
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