Suzlon Energy vs JSW Energy: Which Renewable Energy Stock Can Supercharge Your Portfolio Post Q4? Comparison

The West Asia crisis has renewed global energy supply concerns and shifted the focus to renewable energy stocks. Amid this backdrop, Suzlon Energy and JSW Energy, two different ways to play India's clean energy growth story, recently announced their fourth-quarter results for FY26 and have seen heightened investor interest in recent weeks. With investors reassessing renewable energy bets after Q4 earnings, the key question remains: Which stock looks better placed to drive portfolio growth?

JSW Energy vs Suzlon Energy: Q4 Result Comparison

Suzlon Energy reported a 5.7% year-on-year decline in its net consolidated profit for the fourth quarter of financial year 2025-26. While Suzlon Q4 profit declined annually, the company's net revenue and EBITDA saw more than 35% jump in Q4.

While the company's Q4 profit missed experts' expectations, its APAT saw a strong jump and outperformed the street estimates, as per the Motilal Oswal report.

While Suzlon Energy's growth looks promising, the pace of fresh order inflows, project delivered and installation across FY 27 and FY 28 will remain crucial for sustained growth, highlighted Motilal Oswal in its report.

JSW Energy reported a consolidated net profit of Rs 574 crore in the quarter ending in March 2026, which was 38% higher than Rs 414 crore reported in the year-ago period. Its revenue jumped nearly 41% on an annual basis to Rs 4,499 crore in Q4FY26.

JSW Energy's Q4 profit was in line with estimates and it was aided by a deferred tax asset created of INR3.7b and other income. The company also benefited from sharp rebound in power demand and the management has guided a 3GW renewable energy (RE) capacity addition in FY27.

Suzlon Energy vs JSW Energy: Share Price Recommendation, Target Price

Motilal Oswal maintained a 'Buy' recommendation for JSW Energy stock with a target price of Rs 640 per share. "We reiterate our BUY rating with a TP of INR 640, valuing the company's core renewable business at 12x FY28E EBITDA and its thermal business at 9x Dec'27E EBITDA," read Motilal Oswal report released on May 11.

The brokerage maintained a 'Buy' rating for Suzlon Energy stock as well with a target price of Rs 65 per share. "We arrive at our TP of INR65 by applying a target P/E of 27x to FY28E EPS, in line with its historical average two-year fwd P/E of 27x," read Motilal Oswal report.

JSW Energy vs Suzlon Energy: Share Price Trend, MCap, RoE

JSW Energy share price was trading 4.04% higher at Rs 599.2 per share on BSE with a market capitalisation of Rs 1,09,862.29 crore on BSE at 11:30 am on Wednesday. The stock had touched an intraday high of Rs 609 per share and an intraday low of Rs 579 per share. The renewable energy stock has a return on equity (ROE) of 4.02%.

Suzlon Energy share price was trading 0.49% higher at Rs 54.86 per share on BSE with a market capitalisation of Rs 75,243.15 crore at 11:30 am on BSE on Wednesday. The stock had touched an intraday Rs 55.86 per share and an intraday low of Rs 54.44 per share.

JSW Energy vs Suzlon Energy: Key Similarities

Both energy stocks broadly fall under the renewable energy category as the companies emerge as a clear beneficiaries of India's clean energy transition, rising renewable infrastructure, and focus on decarbonisation. While Suzlon Energy is a wind turbine manufacturer, JSW Energy also holds a huge chunk of wind and solar assets, which increases their exposure to wind energy.

JSW Energy vs Suzlon Energy: What Makes Them Different From Each Other?

JSW Energy and Suzlon Energy are dominant players in the renewable energy market, but their underlying businesses are very different. While Suzlon Energy operates as a wind turbine manufacturer, JSW Energy business is mostly about power generation. The former's major revenue comes from turbine sales, EPC, O&M, the latter firm earns majorly from sales of power under PPAs/merchant market.