Renewable Energy Stock Surges 50% from March Low, Reaches Five-Month Peak

Suzlon Energy Stages Remarkable Recovery Amid Global Power Demand and Renewable Energy Focus

In a dramatic reversal of investor sentiment, Suzlon Energy, largely owned by retail shareholders, has staged a remarkable recovery in recent months after facing prolonged selling pressure that pushed the wind energy player to multi-year lows. The stock's remarkable turnaround has seen it surge by a massive 50.6% to its latest closing price of ₹57.53 apiece, following a strong rebound that began in March.

The recent rally has also pushed the stock's year-to-date returns to 10%, with the stock touching its highest level in five months in Wednesday's trade. This shift in investor interest comes amid the ongoing conflict in the Middle East and rising global power demand, which have brought renewable energy stocks back into the spotlight. Additionally, amid peak power shortages, wind power – available during evening hours – has gained fresh attention from both industry players and policymakers.

Suzlon's order book has played a significant role in boosting the company's growth visibility. The company's current order book stands at 5,892 MW, including the recent 195 MW order from Sunsure Energy and net of Q4 FY26 deliveries. This is a notable increase from the company's order book at the end of FY26, which stood at 5,697 MW. In its March quarter numbers, the company reported a 45% rise in revenue to ₹5,494 crore, compared to ₹3,790 crore in the year-ago period. EBITDA increased 39.1% to ₹964 crore from ₹693 crore in the corresponding quarter last year.

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However, EBITDA margin narrowed to 17.6% from 18.4% a year ago. On the bottom line, net profit declined marginally by 5.7% to ₹1,181 crore. Meanwhile, wind turbine deliveries continued to accelerate during the quarter, with net deliveries standing at 830 MW in Q4 FY26 and 2,456 MW for FY26, respectively.

Analysts expect Suzlon stock to rise up to ₹71. Domestic brokerage firm Anand Rathi remains optimistic about Suzlon Energy's growth trajectory, citing healthy execution momentum and favourable sector tailwinds. The brokerage maintained its 'Buy' rating on the stock with a target price of ₹60, valuing the company at 15.6x FY28 estimated EBITDA.

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JM Financial also retained its 'Buy' rating on the stock and marginally raised its target price to ₹65 per share from ₹64 earlier. Systematix Institutional Equities said it remains positive on Suzlon given its market leadership, which reflects the company's pivotal role in accelerating wind capacity additions in India, improving execution, and increasing strategic focus on EPC, hybrid, and FDRE projects.