Suzlon Energy shares jumped nearly 5% on Monday, with the stock rallying as much as 4.64% to ₹49.30 apiece on the BSE. According to reports from Essential Business Intelligence, the rally was supported by robust trading volumes, with around 6 crore equity shares changing hands compared to the company's one-week average trading volumes of 4 crore shares. The strong buying momentum indicates renewed investor interest in the wind turbine manufacturer's expansion strategy.
As reported by Essential Business Intelligence, Suzlon Energy is looking to expand into a full-stack renewable energy platform, covering wind, solar, battery storage, project development and asset management. In his letter to shareholders, Suzlon Group CEO Ajay Kapur stated that the renewable energy market is shifting towards solutions that can deliver affordable, predictable and round-the-clock clean power. To align with this shift, the company has reorganised its business into four verticals — RE Tech, RE DevCo, RE Projects and RE Asset Management Services (AMS).
According to Essential Business Intelligence, Suzlon Energy's Q1FY27 consolidated net profit fell 6% year-on-year to ₹305 crore, while revenue from operations rose 22.5% YoY to ₹3,819 crore. The company's EBITDA declined marginally to ₹595 crore from ₹599 crore, with EBITDA margin narrowing to 15.6% from 19.2%. However, the company's first-quarter deliveries rose 14% YoY to 506 MW, while commissioning grew 2.3 times to 269 MW. The company's cumulative order book stood at 6.1 GW, with 84% of the orders coming from the public sector undertaking (PSU) and commercial and industrial (C&I) segments.
As reported by Essential Business Intelligence, Geojit Financial Services upgraded Suzlon shares to 'Buy' with a target price of ₹56 per share. The brokerage firm values Suzlon Energy stock at 28x FY28E Adjusted EPS of ₹2.0, citing the company's net-cash balance sheet, ~19% ROE and ~25% earnings CAGR. Analysts believe the company's evolution under Suzlon 2.0 expands its addressable market and diversifies beyond standalone turbine sales, though they note that higher EPC mix and increasing DevCo investments are likely to raise capital intensity. According to Geojit Financial Services, while ROCE is expected to moderate from ~37% in FY26 to ~23% by FY28E, these investments can strengthen long-term growth visibility.
According to SBI Securities, Suzlon share price continues to trade below key moving averages, indicating sustained weakness. As reported by Essential Business Intelligence, the MACD line remains below both the signal and zero lines, reinforcing the bearish bias. The ₹51.5 – ₹52 zone is likely to act as a strong resistance, and the bearish bias is expected to persist as long as Suzlon shares trade below this zone. At 2:10 PM, Suzlon share price was trading 3.27% higher at ₹48.65 apiece on the BSE, showing continued positive momentum despite technical challenges. The ratio line in the Suzlon/Nifty ratio chart is also trending lower, highlighting continued underperformance against the benchmark.
