Suzlon Energy share: Brokerages are confident about Suzlon's growth, and despite various challenges, while the target price has been lowered, the rating remains 'Buy'.

Suzlon Energy share: Brokerage firms maintain a positive outlook on Suzlon Energy Limited, a company involved in renewable and wind energy in India. However, due to its weak quarterly results and several other challenges, some brokerage firms have lowered their target price for the stock.

Brokerages are confident about Suzlon's share

JM Financial stated that Suzlon's revenue increased due to higher deliveries of 617MW in the December quarter of the 2026 financial year.  The EBITDA margin also improved to 17.4 percent due to a better order mix.

JM Financial further added, "While maintaining FY26 deliveries at 2.5GW, we are reducing FY27-28 deliveries from our earlier estimate of 3.1/3.5GW to 3.0/3.2GW, as discussed in 'Tailwinds will soon become headwinds'. We maintain a 'Buy' rating with a target of Rs 64 (from Rs 70 earlier) based on assigning a 25x valuation to the stock based on our estimated FY28 EPS."

Stock could jump up to 55 percent

According to Motilal Oswal, "Some of the key positives include 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 66 percent year-on-year increase." The order book reached 6.4 GW by January 2026, with the EPC segment's share increasing to 27 percent.

The report stated that installation pace remained slow in the first nine months due to challenges in securing right-of-way, land, and grid connectivity, with only 442 MW installed. However, Motilal Oswal expects a pickup in installations in the fourth quarter.

Motilal Oswal values Suzlon Energy at 30 times its estimated FY2028 EPS, setting a target price of ₹74 (suggesting a 55 percent upside), which is slightly higher than the average forward P/E of 27 times over the past two years. MOFSL cited a government task force to address land and connectivity issues, which could support Suzlon's growth in both domestic and international markets.

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