India's Suzlon Energy rises; Ambit Capital sees strong growth outlook

Suzlon Energy

17/04/2026 06:37

** India's wind energy solutions provider Suzlon Energy SUZL.NS shares rise 3.50% to 51.99 rupees

** Ambit Capital maintains "Buy" rating on stock with PT of 60 rupees

** Expects co to generate 200 billion rupees ($2.16 billion)net cash by FY32, with scope to deploy in power adjacencies like BESS and Green H2

** Notes co has a strong 6.4 GW order book, offering revenue visibility for the next two years; expects return on capital employed to exceed 20% through FY30

** Ambit Capital says major risk includes implementation a stricter Deviation Settlement Mechanism (DSM) for renewable energy generators from FY27 as the Indian energy regulator works to enhance grid stability

** Brokerage sees SUZL's EPS CAGR of 15% over FY26–30 and 11% over FY30–35

** SUZL rated "strong buy" on avg by 10 analysts; median PT 64 rupees

** YTD stock down 4.59%

($1 = 92.7412 Indian rupees)

(Reporting by Devika Nair in Bengaluru)

((Devika.MadhusudhananNair@thomsonreuters.com;))