Suzlon Energy Bags 100.8 MW Order, Shares Zoom; Buy?

Suzlon Energy Ltd share price rallied 1.38% on Bombay Stock Exchange (BSE) to Rs 55.09 per share as Sensex zoomed 595.06 points to 77,639.35 at 12:14 pm on April 17, 2025. The company today bagged 100.8 MW EPC wind order from Sunsure Energy. The project will be executed in Maharashtra’s Jath region. Meanwhile, Suzlon Energy shares zoomed over 7% in last 1-week and offered massive returns of 575.71% in last 2-years. The company has a market capitalisation of Rs 75,161.99 crore. Its return on equity (ROE) stood at 12.36%. It is worth noting that Life insurance corporation of India (LIC) has a stake of 1.03% in Suzlon with 139,905,986 shares of the company. The company recommended a total of 4 dividends since 2006 with last dividend announced way back in 2008. Check more details below:

Suzlon Energy Wins New Order, Shares Zoom

According to the exchange filing of the company dated April 17, 2025, “Under this agreement Suzlon will supply 48 state‐of‐the‐art S120 wind turbine generators (WTGs) with Hybrid Lattice Towers (HLT), each rated at a 2.1 MW capacity. It will supply the wind turbines, oversee equipment installation, and execute the project, including erection and commissioning, while providing comprehensive operations and maintenance services post‐commissioning. This project will enhance Sunsure Energy’s renewables portfolio and support its goal of delivering Round‐The‐Clock power to customers in Maharashtra.

Mr. JP Chalasani, Chief Executive Officer, Suzlon Group, said, “Adopting wind energy by large corporations is imperative for achieving India’s 500 GW non‐fossil fuel target by 2030. Increasingly, Independent Power Producers (IPPs) are recognising wind’s potential to make power more accessible, affordable, and high‐ quality. This transition not only supports our energy goals but also drives sustainable economic growth and innovation across the industry.”

Suzlon Energy Shares Performance: The 52-week high price of Suzlon Energy shares is Rs 86.04 per share (as on 12/09/2024) and 52-week low price is Rs 37.95 per share (as on 13/05/2024). Suzlon Energy shares plunged 15.72% year-to-date, declined 24.57% in last 6-months, and surged 35.84% in last 1-year. In last 3-years, Suzlon stock price surged 437.79% and offered eye-popping returns of 1859.79%.

Suzlon Shareholding

FII/FPI reduced holdings from 22.87% to 23.04% for March 2025 quarter. Number of FII/FPI investors slipped from 748 to 739 for March 2025.

Suzlon Shares Price Target

Leading brokerage firm Motilal Oswal recommended buy call with target price of Rs 70 per share. In its new note dated April 11, 2025, the analyst upgraded the target price of Suzlon shares to Rs 70. The analyst anticipates wind energy is expected to account for approximately 20% of India’s renewable energy mix.

“Suzlon’s strong leadership in the Operations & Maintenance (O&M) segment, further strengthens its competitive edge,” added Oswal. Meanwhile, JM Financial recommended buy call as well with price target of Rs 71.

Suzlon Energy About

Founded in 1995, Suzlon is one of the leading global renewable energy solution providers. Over the past two decades, Suzlon has installed over ~20.9 GW of wind energy in 17 countries across six continents. The Suzlon Group comprises of Suzlon Energy Limited and its various subsidiaries. The Group’s vision for growth is driven by the concept of sustainable development. In recent years, Suzlon has developed strong competencies in solar power too and plans to offer Wind-Solar hybrid solutions, according to its official website.

Disclaimer: The stock has been picked from the brokerage report of Motilal Oswal and JM Financial. Moneydaily.in, the author, and the respective brokerage house will not be held accountable for any losses caused as a result of decisions based on the article. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.