About Suzlon Energy Ltd (SUZLON)

Suzlon Energy Ltd (SUZLON) is one of India’s leading renewable energy companies, with a focus on wind energy. Founded in 1995 by Tulsi Tanti, Suzlon is headquartered in Pune and is listed on both the National Stock Exchange and the Bombay Stock Exchange.

Suzlon’s mission is to provide sustainable energy solutions for a greener tomorrow. The company is committed to making affordable and clean energy accessible to everyone. Its vision is to be the premier renewable energy company in the emerging markets of Asia, Africa, and Latin America.

Among Suzlon’s core values are customer-centricity, a focus on quality, teamwork, and respect for all stakeholders. The company places a high priority on ethics, safety, and environmental responsibility in all its operations.

Over the years, Suzlon has established itself as a significant player in the global wind energy market. It offers comprehensive solutions, from manufacturing turbines to commissioning and maintaining wind power projects. The company boasts a diverse portfolio that spans markets such as India, China, Europe, Africa, and Latin America.

Globally, Suzlon has a wind turbine installation capacity of over 17.5 GW across 12 countries. In India alone, Suzlon’s wind turbines represent over 10.7 GW of the total installed wind capacity, giving the company a domestic market share of more than 35%. Additionally, Suzlon operates world-class manufacturing facilities in India, China, and the US.

Suzlon Price History

Over the last decade, Suzlon Energy’s share price has experienced significant fluctuations. In 2013, burdened with a massive debt of over Rs. 9,500 crore and consecutive years of losses, Suzlon’s stock was trading at around Rs. 9. However, after undergoing debt restructuring, the company began its turnaround.

By early 2015, following the successful corporate debt restructuring of Rs. 9,500 crore in 2014, the stock price began to recover. By October 2015, the share price had rebounded to Rs. 23, with the company reporting a net profit of Rs. 1,102 crore for FY 2014-15.

The momentum continued, and Suzlon’s share price reached a 10-year high of Rs. 28.45 in May 2017, driven by robust wind energy installation growth in India and a series of new order wins.

However, in June 2019, the stock plummeted to Rs. 4.55 due to a slowdown in the wind power industry, which led to defaults on Suzlon’s debts amounting to over Rs. 7,000 crore. The company had to undergo another round of debt restructuring in 2020. Amidst the challenges of the Covid-19 pandemic, the stock reached an all-time low of Rs. 2.25 in April 2020.

As of October 2023, the Suzlon share price stands at Rs. 32 as the industry started recovering slowly.

SUZLON Share Price in the Last 10 Years

Here’s a table of Suzlon’s Price History showcasing how the stock has performed in the last 10 years.

Suzlon Share Highest Price in History

Suzlon Energy’s all-time highest share price was Rs. 344.35, recorded on 8 January 2008.

This valuation was influenced by several factors:

1. India’s aggressive renewable energy initiative under the National Action Plan on Climate Change, which was unveiled in 2008.
2. Suzlon’s rapid capacity growth and order intake, capitalizing on government policies. The company added over 2,400 MW in 2007-08.
3. Suzlon’s strategic expansion into high-potential markets such as Brazil, Mexico, China, Australia, and Africa during the mid-2000s.
4. The acquisitions of global wind turbine leaders like Hansen, REpower, and Senvion, which enhanced Suzlon’s technological expertise and market share.
5. A robust order book for Suzlon, which surged to over $7.4 billion in 2007-08, representing a year-on-year doubling.
6. A buoyant market sentiment, with both the Sensex and Nifty reaching lifetime highs in late 2007 and early 2008.

Suzlon Financials & Earnings

Suzlon Energy has been recovering slowly but steadily in recent years after undergoing major financial turmoil in the late 2010s due to industry slowdown.

Here, we have compared financial details of Suzlon for FY2022, FY2021 and FY2020 to give you a clear idea on how the company has been performing in the past 3 years.

Suzlon has consistently increased its revenue since FY2020. The company returned to profitability in FY2023 after facing losses in FY2022 due to industry challenges. Key metrics, such as revenue, EBITDA, net profit, and EPS, have shown remarkable improvement.

While Suzlon still has debt obligations, its financial situation appears to be stabilizing steadily. With wind energy adoption expected to grow in India and globally, Suzlon is poised for better financial health if it sustains this turnaround.

Here’s a Price Chart of SUZLON, showcasing the stock trajectory over the last 5 years.

Suzlon Energy Ltd (SUZLON) Share Price Target

According to short-term forecast, SUZLON price will reach around Rs. 32  by the end of 2023 and then Rs. 39 by 2024. Taking a look into long-term, SUZLON will hit Rs. 65 within the year of 2028, and Rs. 80 in 2030.

Suzlon Share Price Target 2023

By 2023, Suzlon’s share price is projected to range between Rs. 28.34 and Rs. 34.65, reflecting a potential shift from a 10.05% decrease to a 9.97% increase. This forecast is underpinned by several factors. Firstly, Suzlon is expected to maintain its revenue growth momentum, with wind energy installations on the rise. Additionally, the company’s efforts in debt reduction and the introduction of innovative products, like advanced multi-MW turbines, are anticipated to drive growth. However, challenges such as high material costs could temper these gains, but overall, Suzlon’s strategic measures should positively impact its 2023 stock performance.

Suzlon Share Price Target 2025

For 2025, Suzlon’s share price is predicted to lie between Rs. 38.52 and Rs. 48.89, indicating a potential rise of 22.29% to 55.05%. Several growth catalysts are on the horizon. Accelerated revenue growth is anticipated, thanks to increased order intake and global expansion. Moreover, technological advancements and operational improvements are set to boost margins. While there’s optimism, challenges like potential industry slowdowns or raw material price hikes could pose risks. Nevertheless, with the global shift towards renewable energy and potential strategic partnerships, Suzlon seems poised for significant growth by 2025.

Suzlon Share Price Target 2030

By 2030, projections place Suzlon’s share price between Rs. 70.78 and Rs. 90.23, a promising increase of 124.22% to 185.65%. Key drivers behind this bullish outlook include sustained revenue growth due to rising global energy demand and a stronger push for green energy. Additionally, Suzlon’s global footprint and the worldwide push for higher renewable energy targets will likely play pivotal roles. However, the company’s trajectory will hinge on the successful execution of expansion plans and the market reception of new products. With nations aiming for carbon neutrality and the renewable energy sector booming, Suzlon’s prospects for 2030 look bright.

Suzlon Share Price Target 2040

In 2040, Suzlon’s share price is projected to lie between Rs. 152.34 and Rs. 212.67, marking a substantial rise of 383.14% to 574.98% from current figures. This bullish outlook is driven by the anticipated dominance of wind energy in the global renewable mix, leading to accelerated revenue growth for Suzlon. The company’s expansive presence across diverse markets, combined with innovations like next-gen turbine technologies, is expected to further bolster its position. With the global push towards carbon neutrality and Suzlon’s commitment to R&D, the company is poised for significant growth by 2040.

Suzlon Share Price Target 2050

Looking ahead to 2050, Suzlon’s share price could range from Rs. 340.89 to Rs. 470.12, translating to gains of 980.28% to 1390.06%. Wind energy’s increasing contribution to the global electricity mix is set to be a primary growth driver. Additionally, Suzlon’s innovations, such as floating turbines and hybrid models, alongside its global footprint, will provide a competitive edge. As the world moves closer to zero-emission goals and with Suzlon’s forward-thinking strategy, the company is well-positioned to be a leading figure in the renewable energy landscape by 2050.

Suzlon Stock FAQs

Is Suzlon a good long-term stock to buy now?

Suzlon offers long-term growth potential as renewable energy adoption rises globally. According to analysis, the stock can hit around Rs. 90. But the stock remains high-risk currently. Conservative investors may avoid large exposure until growth plans succeed. Aggressive investors can consider small investments for 10+ year goals.

What is target price for Suzlon in 2023?

Suzlon’s share price can reach between Rs. 28 – Rs. 34, which indicates a change of %10 from current stock value. Well, This could happen if the company’s revenue growth continues, and SUZLON’s current debt reduces.

Can Suzlon retest its all-time high share price?

Suzlon hit an all-time high of Rs. 344 in 2008 but is unlikely to retest those levels soon. However, with successful turnaround and favorable industry dynamics, the stock can potentially see a strong resurgence in 5-10 years.

What is the future for SUZLON?

As we can see from the last 5 years, the company’s revenue has gradually increased. So, over the next 5 years, Suzlon’s revenue growth is projected between 12-15%, which is supported by renewable energy adoption. Also, Profitability is expected to improve, aided by higher volumes, new product launches and cost optimization.

Should I buy Suzlon Energy shares at current levels around Rs. 32?

According to analyst ratings, Suzlon Energy is a “Strong Buy.” However, the company’s stock represents a high-risk, high-return investment opportunity at its current levels. Investors might consider purchasing for the long term. But if you’re planning a short-term investment, we recommend waiting.

Where should I buy SUZLON shares?

You can buy SUZLON shares through a Demat account from leading stockbrokers in India like Zerodha, Upstox, Groww, or Paytm Money. The stock is listed on NSE and BSE under the ticker symbol ‘SUZLON’.