Suzlon energy shares: Renewable Energy Solutions Provider Suzalon Energy Limited may have a strong jump. Global brokerage firm UBS has again rated the ‘bye’ on the stock. He has estimated Suzlon’s shares to rise nearly 32%. Let us know why the UBS is bullish on Suzlon’s shares and what target it has given.
Why is UBS bullish on Suzlon?
According to the UBS, Suzlon Energy is continuously receiving large orders. His execution capacity is also much better to deal with the order. That is why UBS has taken a bullish stance on Suzlon. He has given a target price of ₹ 78 per share for Suzlon. This shows a possible speed of 31.6% from Wednesday’s closed price.
Big order received from Tata Power
Suzlon received an 838 MW order from Tata Power. This is Suzlon’s second largest order so far and the third order from Tata Power. The project will have 266 S144 wind turbines of Suzlon, which will have a capacity of 3.15 MW per turbine.
This project with a total of 838 MW capacity will be set up in three states- Karnataka (302 MW), Maharashtra (271 MW) and Tamil Nadu (265 MW).
Increased order book, UBS estimates
After this order, Suzlon’s order book has exceeded 6.5 GW. Since the beginning of FY26, the company has received 1.8 GW orders. This is according to the UBS FY26 estimate (3.5 gigawatt). This shows that the company is constantly moving towards its target.
Suzlon’s biggest order so far was received from NTPC Green Energy, which had a capacity of 1,544 MW.
CEO’s statement and management update
Suzlon Group CEO JP Chalsani said, “The fact that Tata Power Renewable Energy is repeatedly choosing us partners, our ‘Made in India’ is evidence of innovation and strong exercise capacity.” Chalsani also made it clear that the block deal done by promoters recently was mainly to raise cash and their long -term connection with business would continue.
He had told in a conversation with CNBC-TV18 last month that the company is looking for a new CFO. The current CFO Himanshu Modi has left the post after a four -year innings.
Suzalon’s shares
Suzlon Energy shares closed 0.49% to close at Rs 59.27 on Wednesday. The stock has climbed 8.75% in the last 6 months. However, 27.72% has fallen in the last 1 year. Suzalon’s 52-week high level is Rs 85.40 and low-level is Rs 46.15. The company’s market cap is Rs 80.98.
Suzlon Energy is one of the world’s most winds energy companies. The fourth largest wind turbine manufacturer in Asia is in terms of share in the market.
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