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Summary: After a steep correction from its 52-week highs, suzlon energy news is back on the radar of top brokerages. Motilal Oswal has maintained a 'Buy' rating with a target price of ā¹74, citing a favorable risk-reward ratio and emerging demand from data centers.
Mumbai: Is the worst over for Suzlon Energy? Domestic brokerage powerhouse Motilal Oswal seems to think so. Despite the recent battering in renewable energy stocks, the firm has maintained its bullish stance on the wind energy major, projecting a massive 54% upside from current levels.
The brokerage has set a target price of ā¹74 on the stock, arguing that the recent correction has made valuations attractive again, offering a "better risk-reward" proposition for investors willing to look past near-term headwinds.
Suzlonās stock has corrected significantlyādown nearly 36% from its 52-week high of ā¹74.30. According to analysts, this fall has factored in most of the negatives, including concerns over the slow pace of wind capacity bidding and execution delays.
Key Growth Drivers Identified:
Motilal Oswal isn't the only one betting on a turnaround, though targets vary.
| Brokerage Firm | Rating | Target Price | Potential Upside |
|---|---|---|---|
| Motilal Oswal | Buy | ā¹74 | ~54% |
| Morgan Stanley | Overweight | ā¹78 | ~62% |
| Nuvama | Buy | ā¹60 | ~25% |
Analyst View: Prashanth Tapse of Mehta Equities echoed the sentiment, stating, "After a prolonged phase of consolidation, Suzlon's valuation appears attractive. The risk-reward is now favorable for long-term accumulation."
A crucial part of the bullish thesis is the rising energy hunger of AI and data centers. As tech giants pledge to go carbon-neutral, they are increasingly signing captive power agreements with renewable players. Suzlon, with its massive installed base and O&M (Operations & Maintenance) network, is well-positioned to grab a slice of this corporate pie.
On Monday, Suzlon Energy shares were trading around ā¹47.91, down marginally in a weak market. The stock has found strong technical support near the ā¹46-48 zone, which technicians believe could serve as a launchpad for the next leg of the rally.
experts View: Suzlon remains a high-beta play. While the long-term structural story of Indiaās energy transition is intact, the stock is not for the faint-hearted. The 54% upside looks tempting, but it hinges on execution picking up pace in FY26. For now, the "buy on dips" strategy seems to be the consensus on the street.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.
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