Suzlon Energy Share Price Hits 52-Week Low Amid Bullish Trends

Key Takeaways:

• Suzlon Energy's share price reached a 52-week low of ₹43.85 on February 23, despite positive market trends.
• The company's ₹74.30 peak in May 2025 has led to a 41% loss in value.
• Suzlon Energy has provided 816% returns over the last 5 years, but has fallen 20% in the last 1 year and 3% in the last 1 month.

Q3 Results:

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• Suzlon Energy reported a ₹445 crore consolidated net profit in December quarter, a 15% increase from the corresponding quarter last year.
• The company achieved its highest-ever quarterly deliveries of 617 MW, with consolidated revenue reaching ₹4,228 crore.
• Operating EBITDA rose to ₹739 crore from ₹500 crore, reflecting a 47% growth.
• Operating margins expanded to 17.5% during the quarter, a 700 basis points improvement.

Order Book and Outlook:

• Suzlon Energy's order book stood at 6.4 GW as of the end of the December quarter, with the S144 platform accounting for 5.69 GW.
• The company aims to achieve a 50% share of the EPC business by 2028, with the EPC share increasing from 20% to 27% this quarter.
• Suzlon Energy's project development pipeline of over 25 GW is expected to complement its EPC strategy and drive growth.

Brokerage Views:

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• JM Financial maintained its 'Buy' rating on the stock, with a target price of ₹64.
• Nuvama Institutional Equities reiterated its 'Buy' call on Suzlon Energy, but reduced its target price to ₹55 from ₹60 earlier.
• Nuvama views Suzlon as a key beneficiary of the rising share of firm and dispatchable renewable energy (FDRE), round-the-clock (RTC) and hybrid tenders, along with PSU-led projects.