Suzlon Energy Share Price: Is This Green Energy Stock Attractive To Buy? Broker Investec Sets Rs 70 Target

Suzlon Energy Share Price: This wind and energy stock price has recorded a winning streak for three consecutive days on Friday, February 21. The stock price crossed Rs 56 and has given more than 11% returns in three sessions straight. The latest bullish trend comes after brokerage Investec initiated coverage on Suzlon, recommending BUY for a target of Rs 70. There is potential for a 27-30% upside in Suzlon ahead.

Suzlon Energy Share Price:

The heavyweight stock traded at Rs 55.08 apiece on BSE, up by 0.4% on Friday, at the time of writing. Its market cap is above Rs 75,170 crore. So far on February 21, the stock gained by 3% to hit an intraday high of Rs 56.28 apiece.

Suzlon shares have been in green for three days in a row. The stock gained by 1.3% on the February 20th closing and recorded a massive 7% jump on the February 19th closing bell.

From February 19 to 21st, Suzlon shares have surged by 11.1% on BSE. The stock price was around Rs 50.63 apiece on February 18.

Suzlon Energy Share Price Recommendation:

Brokerage Investec believes Suzlon is well-positioned to capitalise on the resurgence in the wind energy sector. It highlighted that Suzlon has come a long way, evolving into a net-cash entity with strong Return on Equity (RoE) and Return on Capital Employed (RoCE), supported by significant upside in the order book, a strong pipeline of bids, and fully optimised supply chain.

That being said, Investec has suggested BUY for the target price of Rs 70.

Meanwhile, as per Trendlyne data, the consensus recommendation from 7 analysts for Suzlon Energy Ltd. is BUY. EPS is expected to grow by 120.0% in FY25. The average 1-year target price on Suzlon is Rs 75, which signalled nearly 36% potential upside ahead.

During the Q3FY25 quarter, Suzlon reported revenue growth of 42% QoQ and 94% YoY to Rs 2,969 crore. While net profit climbed to Rs 388 crore in Q3FY25 versus Rs 203 crore in Q3FY24 and Rs 201 crore in Q2FY25. Additionally, EBITDA crossed Rs 500 crore mark, while EBITDA Margin stood at 16.8% along with Net Profit Margin at 13.1%, reflecting improved profitability.

In the third quarter, Suzlon posted its highest-ever order book of 5.5 GW, with C&I and PSU contributing 80% of the total book.

Last month, JP Chalasani, Chief Executive Officer, Suzlon Group, said, "We are experiencing consistent quarter‐on‐ quarter growth, with each of our businesses operating as strong, independent entities driving performance. Our manufacturing capacity expansion in India is progressing as planned to fulfill our record‐high order book of 5.5 GW. With our ramp‐up strategy on track and operational preparedness at optimal levels, we can sustain momentum, create long‐term value for our stakeholders, and play a pivotal role in advancing India's renewable energy ambitions."

Also, Girish Tanti, Vice Chairman, Suzlon Group, said, "Our sustained focus on these priorities drives consistent growth, performance, and long‐term profitability. One emerging trend fuelling our growth is our strategic emphasis on Commercial & Industrial (C&I) and Public Sector Undertaking (PSU) customers. As these organisations prioritise sustainability and renewable energy, we're delivering reliable, affordable solutions that power their operations. This strategic shift is driving demand, positioning Suzlon as a trusted partner for businesses pursuing green energy ambitions and catalysing growth in the renewable energy sector."

About Suzlon Energy:

The Suzlon Group is a leading global renewable energy solutions provider, with approximately 20.9 GW of wind energy capacity installed across 17 countries. Headquartered at Suzlon One Earth in Pune, India, the Group includes Suzlon Energy Limited and its subsidiaries. With 29 years of operational excellence and a diverse workforce of over 7,800 employees, Suzlon is India's No. 1 Renewable Energy Solutions company, managing ~15 GW of assets and an additional ~6 GW installed outside India. Its portfolio includes the advanced 2.x MW and 3.x MW series of wind turbines.