Suzlon Energy shares rose 3.2% to ₹37.6 on Friday, nudging above a 52‑week low, yet Motilal Oswal still sees a 73% upside from today’s price. — The firm praised the 31% correction over the last three months, noting the stock trades at 17.5× its estimated FY28 EPS, a 20% discount to the one‑year forward mean and one standard deviation below the historic multiple of 22×.
Motilal Oswal highlighted the firm’s 5.9 GW order book at the end of June, giving 100% visibility on deliveries through Q3 FY28. — EBITDA is expected to grow at a 22% CAGR over FY26‑28, driven by a projected 2.1 GW of second‑half installations versus 1.2 GW in the first half.
India added 3 GW of wind capacity in H1 FY27; with H2 installations typically 1.5× larger, the total FY27 addition could reach 7.5 GW, aligning with the Ministry’s 7.5‑8 GW target. — Strong evening peak demand and rising merchant power prices further justify the economic case for wind expansion.
Suzlon’s DevCo model has already secured over 600 MW in orders within four months of FY27, accounting for 60% of total bookings. — Internationally, the company is eyeing export markets in Europe, Australia, Latin America, and Southeast Asia, with Australia and Europe emerging as key prospects.
Repowering presents a potential 25 GW opportunity, as many existing turbines are 10‑20 years old. — The stock has 12 analysts covering it, 10 issuing buy ratings and 2 hold, with no sell recommendations. — Shares are currently down 28% YTD, trading at ₹37.6 on the NSE.