Renewable energy stock: Suzlon Energy shares have made a remarkable comeback and jumped approximately 50% from their March 2026 lows. The stock closed at ₹57.53 in the recent trading session, while in March 2026, the stock dipped to a low of ₹38.19.
Suzlon Energy’s Strong Financial Performance
The company shows impressive financial results. In Q1 FY26, Suzlon Energy reported consolidated revenue of ₹3,117 crore, up 55% YOY. Net profit jumped 7% to ₹324 crore, while EBITDA surged 62% to ₹599 crore, showing strong operational efficiency. For FY26, the company delivered record annual wind turbine deliveries of 2,456 MW in India, its highest ever.
Record Order Book Supports Future Growth
Suzlon’s order book stands at 5,892 MW as of May 2026, up from 5,025 MW in March 2025. By Q3 FY26, it reached a record 6.4 GW with 2.4 GW under execution. The company recently secured a 381 MW wind energy order from Zelestra India for its first Firm and Dispatchable Renewable Energy project. This diversified order pipeline includes major clients like NTPC Green and Torrent Power.
India’s Renewable Boom
India added 6.05 GW of wind energy capacity in FY26, a 46% increase from the previous year. The country aims for 500 GW of renewable energy by 2030, with wind power projected to reach 63 GW by 2026-27. Suzlon controls over 30% of India’s wind energy market and has become debt-free after carrying ₹13,210 crore in loans in FY20.
Suzlon Energy Share Price
Suzlon Energy’s share price is currently trading at ₹57.18 on the NSE. The stock shows a massive 50% growth from its March 2026 low of ₹38.17 and has nearly reached ₹58. Suzlon’s 52-week high is ₹73.44 and the 52-week low is ₹38.17. The company’s market cap is around ₹78,425 crore, making it one of India’s leading renewable energy companies.
Brokerage Firms Bullish on Suzlon Energy Stock
India’s top brokerage firms have given buy ratings with target prices between ₹60-₹82. Anand Rathi maintains a buy rating with ₹60 target, JM Financial has increased its target price to ₹65, while some reports suggest ₹82 for 12 months. The company’s net cash position of ₹1,943 crore and expanding manufacturing capacity further strengthen its position.
Article authored by Abhishek Rodi. Views are his own.
This article is for informational and educational purposes only. It does not constitute financial, investment, or professional advice.