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Analysts have observed that Suzlon's stock has formed a triple bottom near the key support of ₹50.6 and has broken out of its lower high–lower low structure by crossing the ₹59.5 swing high
Suzlon Energy is one of the leading Indian Renewable Energy firms and has seen fluctuations in its share price notably across 2025. As on April 25, 2025, the stock was quoted at ₹59.19, a decline of 0.72% from the previous close of ₹60.13. Despite a slip in recent times, the stock managed to put in a rally of nearly 15% in the last two weeks, driven mainly by good order wins and positive market sentiments.
The beginning of 2025 witnessed a sliding share price for Suzlon which declined by 16% YTD. A comeback was noted from the second week of the month of April when the stock began to rise from below ₹50 to above ₹60 levels, thus marking a recovery of over 20%. These developments are believed to have been propelled by the company's strong order book and joint ventures.
According to analysts, the stock has formed a triple bottom near key support of ₹50.6 and cleared a lower-high/lower-low pattern breaking the ₹59.5 swing-high. A bullish breakout along with volumes over two times the 50-day average indicates institutional participation.
A major catalyst for the performance of Suzlon recently is the 378 MW wind energy project, awarded by NTPC Green Energy Ltd. This contract concerns the supply of 120 S144 wind turbine generators, rated at 3.15 MW, carrying out full project execution and maintenance services. This order increases the partnership between Suzlon and NTPC Green Energy to a total of 1,544 MW thus strengthening its position as a leader in the wind energy market.
In addition, Suzlon's competitive prowess in the renewable energy market was further strengthened when it clinched a 100.8 MW wind order from Sunsure Energy.
Market capitalization is ₹81,481.22 crore as of April 25, 2025.
The P/E ratio is roughly 73.96, suggesting that it is trading at a premium compared to the sector average of 21.35.
Net profit: ₹660.35 crore for 2024.
52-week range: The stock has traded in a price range of ₹37.95 to ₹86.04 in the previous one year.
Though the company enjoys a relatively high P/E ratio, analysts still remain bullish on Suzlon, given its robust order book and growth possibilities. Motilal Oswal has given a 21% upside with a target price of ₹70. JM Financial expects a target of ₹71, endorsing the outlook on the earnings' trajectory and industry positioning of the company.
As of March 31, 2025, promoter holding in Suzlon stands at 13.25%, entirely free of share pledging. Foreign institutional investors' (FIIs) shareholding has increased to 23.04% from 22.87% in December 2024. Domestic institutional investors (DIIs) hold 6.99%, while mutual funds constitute 4.17% of shares. This increasing institutional interest is a show of confidence in the strategic orientation and financial health of Suzlon.
India's commitment to expanding its renewable energy capacity presents significant opportunities for companies like Suzlon. The country's target to double its wind installed capacity by 2030 aligns with Suzlon's strategic initiatives and robust order pipeline. Analysts anticipate that Suzlon's contribution margins will stabilize around 20% on a consolidated basis, with adjustments based on steel pricing and project execution dynamics.
Suzlon's focus on innovation, such as the development of hybrid lattice towers and high-capacity wind turbine generators, positions it well to capitalize on the growing demand for renewable energy solutions. The company's efforts to enhance manufacturing capabilities and expand its project portfolio are expected to drive long-term growth.
Suzlon Energy's recent share price movements reflect a combination of strategic order acquisitions, positive market sentiment, and a favorable industry outlook. While the stock has experienced volatility in early 2025, its strong recovery, underpinned by substantial project wins and institutional support, suggests potential for sustained growth. Investors and stakeholders will likely continue to monitor Suzlon's execution of its order book and its ability to navigate market dynamics in the renewable energy sector.
