Suzlon Energy Can Rally 42% Says Motilal Oswal Citing Regulatory Tailwinds, Robust Order Book

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Motilal Oswal Report

We arrive at our target price of Rs 80 for Suzlon Energy Ltd. by applying a target P/E of 35x to FY27E earnings per share. This is at a slight premium to its historical average two-year fwd P/E of 27x, given execution and earnings are just picking up for Suzlon Energy.

Suzlon Energy stands to benefit from regulatory tailwinds mandating local content (approved list of models and manufacturers for wind), a robust order book providing strong revenue visibility, and execution improvements through proactive land acquisition and EPC expansion initiatives.

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