Suzlon Energy shares jump 3%: Why brokers see up to 36% upside for ‘most investible Indian wind player’

Published 15 June 2026 · finance

Shares of Suzlon Energy jumped 3% on Monday after the company’s management outlined an ambitious FY31 vision, prompting brokerages to reaffirm their 'Buy' calls for

Shares of Suzlon Energy jumped 3% on Monday after the company’s management outlined an ambitious FY31 vision, prompting brokerages to reaffirm their 'Buy' calls for the renewable energy player's shares.Shares of the company jumped to Rs 56.78 apiece on NSE. The stock has gained more than 7% in 2026 so far and 289% in three years.Motilal Oswal on Suzlon EnergyAnalysts from Motilal Oswal Financial Services attended Suzlon Energy's Investor Day, where management outlined an ambitious FY31 vision focused on scaling the company beyond its core wind business into a broader renewable energy platform. The domestic brokerage highlighted that the company is aiming for a revenue growth of over 25% CAGR, expansion of its Indian wind market share to over 40% (from 33% currently), achieving a 15% market share in the solar and BESS segments, scaling its renewable energy (RE) order book from 5.5 GW now to 15 GW, increasing annual RE sales from 2.5 GW now to 10 GW, expanding its RE Operations & Maintenance Services (OMS) assets under management (AUM) to over 70 GW from 18 GW currently and strengthening international presence, with over 3 GW of export volumes contributing 15% of revenue.“We believe Suzlon Energy's Investor Day addressed key medium to long-term growth concerns by outlining a clear roadmap for expansion and diversification into adjacent renewable energy verticals, which enhance earnings resilience.

While the strategic direction is encouraging, investors are likely to remain focused on execution, capital allocation discipline, and the trajectory of working capital and leverage metrics. We believe Suzlon Energy continues to stand out as the most credible and investible player in the Indian wind space, supported by its strong market position and consistent track record of meeting execution and operational guidance,” it added.Motilal reiterated its ‘Buy’ call on the shares of Suzlon Energy, with a target price of Rs 65 per share. This implies an upside potential of more than 18% from the stock’s previous closing price.JM Financial on Suzlon EnergyJM Financial highlighted that India requires 10 GW of annual wind power additions by 2030. Historically, Suzlon commands a one-third market share, driven by its technological leadership, manufacturing excellence, and robust lifetime product support, it further said, adding that the new variable is Suzlon 2.0, a meaningful pivot from being a turbine supplier to an integrated RE developer spanning all technologies, and AMS through an RE project development company (DevCo), which can significantly expand addressable revenue/MW.