Suzlon Energy Stock Surges 5%; What’s the reasons?
Suzlon Energy, a prominent player in the renewable energy sector, has witnessed a remarkable surge in its stock price, climbing 5% to reach ₹53, a level not seen since April 2011. This rally comes on the back of the company’s steady order wins, debt reduction efforts, and efficient working capital management.
Suzlon Company Overview:
Suzlon Energy, part of the Suzlon Group, is a leading provider of renewable energy solutions globally, with a strong presence in wind energy. The company boasts an impressive installed wind energy capacity of approximately 20.7 GW across 17 countries, making it a key player in the industry.
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Brokerage Targets for Suzlon Stock:
Recent coverage by domestic and global brokerage firms has shed light on Suzlon Energy’s growth potential, with target prices set at ₹53 (Nuvama), ₹58.5 (Morgan Stanley), ₹60 (ICICI Securities), and ₹58 (Anand Rathi). These firms have highlighted Suzlon’s financial turnaround, market leadership, and growth prospects in the wind energy sector.
Positive outlook on Suzlon Company:
– Nuvama Institutional Equities sees a 21% order book and 61% PAT CAGR potential for Suzlon over FY24–27E.
– Morgan Stanley projects wind orders of 32 GW and earnings growth at a 57% CAGR from FY24 to FY27.
– ICICI Securities praises Suzlon’s focus on debt reduction, efficient working capital management, and improved corporate governance.
– Anand Rathi underscores Suzlon’s market position in India’s wind turbine sector and its strong balance sheet turnaround.
Also Read: शून्य निवेश; बिजनेस आइडिया और निष्पादन रणनीति रणनीति (investonomic.co.in)
In conclusion, Suzlon Energy’s recent stock rally reflects the market’s growing confidence in the company’s potential for growth and profitability in the renewable energy space. With positive outlooks from various brokerage firms, Suzlon appears well-positioned to capitalize on the increasing demand for clean energy solutions.
Disclaimer:
The opinions expressed in this article are those of individual analysts and not Investonomic.co.in. Investors are advised to consult certified experts before making any investment decisions.
