India'a Suzlon rises; Systematix initiates coverage with 'buy'

Suzlon Energy

22/01/2026 04:13

** Shares of Suzlon Energy SUZL.NS rise as much as 2.5% to 46.69 rupees

** Systematix initiates coverage with a "Buy" rating and TP of 67 rupees

** Says co with a 35% market share in India's wind turbine installations is aptly placed to participate in and contribute to the capacity addition cycle over the medium term

** Expect SUZL to execute 2,480MW/3,224MW in FY26/FY27, respectively, likely translating into rev, EBITDA, and PAT CAGR of 30%, 39%, and 18%, respectively, over FY25-FY28

** Notes, co's financial profile strengthened and working capital management improved, which allows it to bid for larger  tenders, supporting earnings visibility

** Ten analysts have a "Strong buy" rating on avg; median PT is 74.50 rupees - data compiled by LSEG

** SUZL down 11.4% so far in January

 (Reporting by Urvi Dugar in Bengaluru)

 ((UrviManoj.Dugar@thomsonreuters.com;))