Suzlon Energy Share Price Drops Following Recent 5-Day Rally

Renewable Energy Stock Suzlon Energy Sees Profit Booking, Decline in Share Price

On Monday, April 20, Suzlon Energy's share price saw a decline of 2% as investors booked profits in the company. This comes after the stock experienced a 20% surge in the last 5 sessions. The stock fell as much as 2% to its day's low of ₹51.85 on the BSE.

The sudden surge in the stock price was clarified by the company, stating that a Material Price Movement ("MPM") had been noticed in the scrip of Suzlon Energy Limited on April 17, 2026, at 12:26 p.m. However, the company could not ascertain any event or information in the mainstream media that could have triggered this MPM.

Recent Performance of Suzlon Energy

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Analysts remain positive on Suzlon Energy, citing strong growth prospects and an improving financial trajectory, despite concerns around execution and order flows in the near term. Domestic brokerage house Motilal Oswal advised investors to buy the stock with a target price of ₹66, stating that the current price offers an attractive entry point for investors seeking exposure to the renewable energy sector.

Motilal Oswal expects Suzlon Energy to record consistent financial improvement, supported by a projected 13.6% expansion in earnings and return on equity staying around 28% for 2026-27. The brokerage also highlighted that Suzlon has a strong order book and a wide global presence across 17 countries.

JM Financial also had a bullish view on the stock, noting that India's peak power demand during hot and humid evening hours is increasingly aligning with solar-hour demand patterns in El Niño-like conditions, creating a mismatch that places additional strain on the grid when nearly 80 GW of solar generation is unavailable. The brokerage expects India to record its highest-ever capacity addition in FY27, surpassing the previous peak of 6.1 GW in FY26.

However, JM Financial flagged execution concerns for Suzlon, highlighting a widening gap between deliveries and installations. As of March 31, 2025, Suzlon had 371 MW of systems erected and ready for commissioning, about 10% above installations, which increased to 776 MW by December 31, 2025, around 76% above installations.

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JM Financial maintained a 'Buy' rating on the stock with a target price of ₹64, implying an upside potential of over 27% from the previous close of ₹50.26.