Suzlon Energy Gets Anand Rathi's 'Buy' Rating As It Re-Initiates Coverage

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Anand Rathi Report

After navigating a difficult decade, Suzlon Energy Ltd. has staged a robust recovery. Because of its huge order backlog and a robust pipeline supported by national RE targets, we maintain our positive outlook on the stock.

We expect deliveries of 2.5GW in FY26 and 3.2GW in FY27. We value the stock at 40x PE on FY27e, given strong tailwinds, and re-initiate coverage witha Buy recommendation and a target price of Rs 81.

Risks

Governmentpolicy shifts, slower-than-anticipatedofftake onproject commencements, low promoterholding.

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