Nuvama retained 'Buy' on Suzlon Energy and Inox Wind, but its target on Suzlon at Rs 55 suggests no major upside. Its target of Rs 123 on Inox Wind hints at 44 per cent potential upside.
JM Financial pointed out that coal remains the backbone of the system, operating at maximum utilisation, suggesting shrinking spare capacity and supply stress beyond 250GW.
Indian power and utility companies largely missed their FY26 renewable energy capacity addition guidance, but JM Financial said the sector remains positive on FY27.
An analyst from Mirae Asset Sharekhan said that Suzlon has been consolidating in the Rs 51-57 range after its Q4FY26 results and has now formed a flag pattern on the daily charts.
Suzlon Energy share price: Suzlon Energy stock is in a medium term bullish trend, rising 42% from the 52-week low of Rs 38.17 reached on March 9, 2026.
In this conversation with Business Today, correspondent Aastha Chopra interviews Suzlon Group CEO Ajay Kapur on the company’s transformation into a full-stack renewable energy solutions provider under its “Suzlon 2.0” strategy. He explains why India’s energy security needs are accelerating the shift towards renewable energy, how wind remains Suzlon’s core business, and why the company is expanding into solar, battery energy storage systems (BESS), energy management and renewable project development. Ajay Kapur also shares Suzlon’s ambitious FY31 targets, including 10 GW annual renewable energy sales, expansion of its renewable energy portfolio, international growth plans and the company’s approach towards building a sustainable, asset-light business model.
Suzlon said it aims to grow AUM to four-fold to 70 GW by FY31 creating a large annuity business. It is expanding its asset management services across wind, solar, hybrid and multi brand portfolios, the company said.
Suzlon said there would not be any impact on the financial, operation or other activities of the company, adding that it would soon be filing an appeal before the SAT in respect of the SEBI order.
Suzlon shares: Once considered as a punter-favourite penny stock, Suzlon has delivered multibagger returns to investors, since turning debt free in March 2024.
Suzlon share price: On Friday, Suzlon Energy shares closed 0.85% lower at Rs 57.18 per share on the BSE, down from the previous close of Rs 57.67 apiece.
Brokerage firms continue to remain positive on Suzlon Energy Ltd, following its quarterly results for the March 2026 quarter, despite some hits and misses in the earnings.




