Suzlon Energy Rockets 54% on Motilal Oswal Buy Call, ₹74 Target Set

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AuthorKavya Nair|Published at:
Suzlon Energy Rockets 54% on Motilal Oswal Buy Call, ₹74 Target Set
Overview

Motilal Oswal initiated a "buy" rating on Suzlon Energy, setting a ₹74 price target. The brokerage sees the current stock price factoring in recent concerns like solar competition and slow installations. Motilal Oswal anticipates a 54% rally, citing significant wind demand from data centers and C&I consumers, Suzlon's EPC strategy, and emerging export opportunities.

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Bullish Outlook on Demand Drivers

Motilal Oswal's conviction in Suzlon Energy Ltd. is anchored by a bold price target of ₹74, signaling a potential 54% increase from current trading levels. The firm maintains a "buy" recommendation, suggesting that recent investor anxieties have been overblown. These concerns, including cannibalization from the solar segment, a languid pace of wind installations, and escalating competition, are believed to be fully priced into the stock.

New Growth Avenues Identified

Crucially, Motilal Oswal highlights emerging demand drivers that could significantly augment Suzlon Energy's order book. Data centers, commercial and industrial consumers, and public sector undertakings are projected to collectively drive an incremental wind demand of 20-24 GW by 2030. This figure extends beyond India's ambitious target of 100 GW renewable capacity by the same year, offering substantial runway for growth.

Strategic EPC Advantage

Suzlon Energy's strategic pivot to increase its Engineering, Procurement, and Construction (EPC) share to 50% of its order book is viewed as a substantial competitive advantage. The company's superior execution track record compared to domestic peers, coupled with the limited presence of Chinese Original Equipment Manufacturers (OEMs) in the EPC space, positions Suzlon favorably to secure complex and large-scale projects. Management also anticipates exports to become a significant growth catalyst, with orders expected by fiscal year 2027 and deliveries commencing from fiscal year 2028.

Consensus Confidence

The optimism is not isolated; Suzlon Energy is a "consensus buy" among analysts. All nine analysts covering the stock currently recommend a "buy" rating. Echoing this positive sentiment, Suzlon Group's Executive Vice Chairman Girish Tanti stated the company expects to surpass the 10-gigawatt installation mark within two years, with potential capacity reaching 13 to 15 gigawatts by 2030, supported by an annual manufacturing capacity of approximately 20 gigawatts and robust export demand.

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Disclaimer:This content is for educational and informational purposes only and does not constitute investment, financial, or trading advice, nor a recommendation to buy or sell any securities. Readers should consult a SEBI-registered advisor before making investment decisions, as markets involve risk and past performance does not guarantee future results. The publisher and authors accept no liability for any losses. Some content may be AI-generated and may contain errors; accuracy and completeness are not guaranteed. Views expressed do not reflect the publication’s editorial stance.