Suzlon Energy Up 3% in Trade; Motilal Oswal Initiates Coverage with ‘Buy’ 🚀
- Stock Performance:
- Suzlon Energy shares rose 2.6% on March 25, 2025, reaching an intraday high of ₹59.45 on the BSE.
- By 10:37 AM, the stock pared some gains and was up 0.28% at ₹58.08.
- The company has a market cap of ₹79,351.72 crore.
- Brokerage Target and Outlook:
- Motilal Oswal initiated coverage with a ‘Buy’ call and set a target of ₹70 per share.
- Suzlon is a global leader in wind energy, with an installed capacity of 20.9 GW across 17 countries.
- Growth Prospects 🌱:
- Suzlon expects India’s new wind energy installations to reach 4GW in FY25, 6GW in FY26, and 7-8GW annually from FY27 onward.
- This growth will support strong expansion for Suzlon’s EPC and Order Management System businesses.
- Financial Health 💰:
- The company has improved its net debt-to-EBITDA ratio, moving from 6.6x in FY22 to a net cash position in FY24.
- Motilal Oswal expects net cash to increase further by FY27, with limited capital expenditure needs (₹350-400 crore per year from FY25 to FY27).
- Operating cash flows are also expected to rise as Suzlon executes its order book.
Stay tuned for further updates on Suzlon Energy’s performance! 📈
