The brokerage has reiterated its “buy” rating on the stock with a price target of ₹82 apiece. The stock ended the previous session at ₹65.97.
This is also the highest price target on the stock among all the analysts that have coverage on it.Motilal Oswal’s positive outlook on Suzlon Energy is driven by these factors:
- Expected adoption of the Revised List of Models and Manufacturers (RLMM) local content draft notification by the second quarter of the financial year 2026. The brokerage said power project developers have requested a delayed implementation of up to one-year for the notification, thus providing ample time to the industry for preparation.
- Healthy order prospects, including 1.5 GW NTPC orders, where Suzlon is a strong contender.
- Estimated 4 GW of new orders in FY26, taking the closing order book to 6.56 GW.
- Gradual phase-out of the Inter-State Transmission System (ISTS) waiver over the next four years, which should help to reduce congestion in certain states, supporting smoother project execution.
- An increase in engineering, procurement and construction (EPC) share in the order book to 50%, thus improving execution visibility.
Motilal Oswal said its price target on Suzlon Energy is at a slight premium to its historical average two-year forward price-to-earnings ratio of 27x, given execution and earnings are just picking up for the company.Suzlon Energy stands to benefit from regulatory tailwinds mandating local content, a robust order book providing strong revenue visibility and execution improvements via proactive land acquisition and EPC expansion initiatives, the brokerage said.
Of the eight analysts that have coverage on the stock, seven have a “buy” rating and one has a “hold” rating.
Suzlon Energy shares were down 0.5% at ₹65.64 apiece at 10.15 am on Friday, July 11. The stock has gained 20.55% in the last six months.
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