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News Topical, Digital Desk : ICICI Securities issued an investment recommendation on Suzlon Energy in its report dated February 27, 2026. The brokerage firm maintained a buy recommendation on the stock, despite the stock being near its year's lows. According to the report, the company maintains a strong presence in the wind energy segment. Furthermore, a strong order book has also boosted confidence. The brokerage firm has maintained a buy rating on the stock, with a target price of ₹65. The stock closed at ₹42.7 on Friday. This suggests a potential upside of over 52% from the current price of around ₹43.
What's special in the report? The report states that over the past three years, Suzlon has established a strong foothold in India's wind energy sector, and its growth has been linked to the country's wind power capacity expansion. The company's order book has reached 6.4 GW by January 2026, providing execution visibility for over two years. The brokerage believes that increasing demand for renewable energy, especially hybrid and FDRE projects, will maintain a positive sentiment in the sector, directly benefiting Suzlon. The company has recovered from the turbulence of the past decade. The company strengthened its balance sheet by reducing debt by approximately ₹120 billion in FY2020 and, after raising equity and reducing debt in FY24, became net cash positive by September 2024. The government's decision to tender at least 10 GW of wind capacity annually and the industry's 24x7 power demand are creating long-term opportunities for wind energy. The brokerage reiterated its buy recommendation, setting a target price of ₹65 based on a strong order book, a positive outlook for the industry, and a 32x FY28E EPS. However, any delay in the execution of the wind turbine generator (WTG) or weak order inflow is cited as a key risk.
Major management decision: The company has made a major management reshuffle under the 'Suzlon 2.0' vision. Chairman and MD Vinod Tanti, Executive Vice Chairman Girish Tanti, and J.P. Chalasani has been inducted into the Group Executive Council, while Ajay Kapoor has been appointed as the new Group CEO, who will drive growth in the existing business. In the latest quarterly results , the company's net profit increased 14.8 percent year-on-year to ₹445.2 crore. EBITDA jumped 48 percent to ₹730.5 crore, and margins were 17.3 percent. Revenue increased 42.4 percent to ₹4,228.1 crore, reflecting operational strength. Share performance: The stock fell more than 1 percent on Friday, closing below ₹43 and hitting a yearly low of ₹42.45. It has reached a high of ₹74.3 in the past year, while it has declined nearly 22 percent in the past three months. (Disclaimer: The advice or views expressed on CNBC TV18 Hindi/CNBC Awaaz are the personal views of the experts or brokerage firms; the website or management is not responsible for the same. Please consult your financial advisor or certified expert before investing.)
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