ICICI Securities Recommends Buying Suzlon Energy Stock for Over 50% Returns Despite Lows

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Suzlon Energy: Buy Recommendation Despite Yearly Lows, 52% Upside Predicted

Suzlon Energy: Buy Recommendation Despite Yearly Lows, 52% Upside Predicted

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CNBC Awaaz•28-02-2026, 21:25

Suzlon Energy: Buy Recommendation Despite Yearly Lows, 52% Upside Predicted

•ICICI Securities issues 'buy' recommendation for Suzlon Energy with a target price of Rs 65, predicting over 52% upside from current Rs 43.
•Company maintains strong foothold in wind energy with a robust 6.4 GW order book, ensuring over two years of execution visibility.
•Suzlon has strengthened its balance sheet, reducing debt from Rs 120 billion in FY20 and becoming net cash positive by September 2024.
•Government's 10 GW annual wind capacity tender and industry demand for 24x7 power create long-term opportunities.
•Q3 results show strong performance: net profit up 14.8% to Rs 445.2 crore, revenue up 42.4% to Rs 4,228.1 crore.

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