Suzlon Energy Ltd extended its losing streak for the third consecutive session on Thursday, August 28, as the stock dropped another 2% to Rs 55.89, marking its lowest level in three months. The sustained weakness has pushed the company’s August decline to 8% so far, leaving the stock on course for a third straight monthly loss. This is the second such streak since August 2023, underscoring renewed investor caution.
The Suzlon Share Price has seen a sharp movement driven by momentum in the renewable sector. The recent selling pressure comes following a series of setbacks for Suzlon. The company announced disappointing June-quarter earnings, while project execution has generally slowed in recent quarters.
Investors keep an eye on Suzlon Energy Stock as clean energy demand rises. Adding to the uncertainty, Group CFO Himanshu Mody is set to step down, raising concerns among investors about the stability of leadership.
Market experts highlighted Mody's key role in stabilizing Suzlon's balance sheet over the past few years, and his exit could also add a temporary drag. Execution delays have also become a central sore spot, as installations continue to lag behind deliveries, and new order inflows for FY26-to-date have only reached 1 GW, which is a slow pace compared to expectations.
To address these issues, Suzlon is focusing on land-ready projects and actively advancing land acquisition to drive project commissioning. This approach is expected to improve execution timelines from FY27 onwards, providing more long-term visibility.
The sudden Suzlon CFO Resignation raised concerns about leadership stability. Despite near-term risks, the company retains a robust order book of 5.7 GW, its 10th consecutive quarter of growth, supported by strong demand from Commercial & Industrial (C&I) players and PSU customers.
Renewable Energy continues to attract heavy investments across global markets. Analysts believe this provides some revenue visibility for the next two to three years, although risks related to Power Purchase Agreement (PPA) delays and land acquisitions remain on the horizon.
Suzlon continues to benefit from policy-led momentum in renewable energy. Management has reiterated their guidance of 60% growth across deliveries, revenue, and EBITDA in FY26 and expressed that India will add 6 GW of wind capacity in FY26 and 7-8 GW in FY27. Regardless of execution risks in the near term, these targets reflect optimism.
India is rapidly expanding its Wind Energy Capacity to meet its sustainable development goals. Notably, the stock has now fallen 34% from its one-year peak of Rs 86 in August 2024, losing nearly 20% over the past three months.
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Brokerages remain cautiously optimistic. Geojit Financial Services upgraded Suzlon to “buy,” though it reduced its target price to Rs 75 due to delays in execution.
The firm mentioned that the earnings are expected to compound at a 43% CAGR, and the return on equity is expected to be at 27.1% by FY27. At the current price, the stock is undervalued.
Similarly, ICICI Securities maintained its buy rating with a price target of Rs 76, citing confidence in the company’s order pipeline strength.
While Suzlon faces short-term turbulence due to leadership exits and project delays, its strong order book, industry tailwinds, and growth guidance keep its long-term prospects intact. For investors, the stock’s sharp correction may present an opportunity, but only if Suzlon can successfully navigate its execution challenges and maintain margin discipline.