Suzlon Energy Share: Suzlon Energy Ltd (NSE: SUZLON) share is in focus on Tuesday. The company’s share rose by 4.99% high of Rs 78.05 on 10th September.
Let us tell you that on Monday, the company informed the stock market about getting a big order of 1,166 MW of wind energy from NTPC Green Energy Limited.
After this, on Tuesday a brokerage firm made an overweight call on this stock. Also, its target price has been fixed at Rs 73.4.
The brokerage firm believes that after getting the order from NTPC, the income visibility of Suzlon Energy Ltd will improve for the financial years 2026 and 2027.
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What Is The Detail?
According to a statement from the company, Suzlon Energy Ltd will install a total of 370 wind turbines (WTGs) that consist of Hybrid Lattice Tubular (HLT) towers as well as S144 with an estimated capacity of 3.15 MW.
It will consist of two projects belonging to NTPC Renewable Energy Limited (a wholly-owned subsidiary of NGEL) along with one IndianOil project NTPC Green Energy Private Limited (a group company of NGEL) located in Gujarat.
With this contract, Suzlon’s cumulative order book has reached nearly five gigawatts by September 3, 2024.
Suzlon Group Vice Chairman Girish Tanti said that they are happy to partner with NTPC Green Energy Limited, the renewable arm of NTPC Limited, as the country’s leading wind energy original equipment manufacturer (OEM).
3 Experts Said – Buy
Of the five analysts covering Suzlon Energy Ltd, three have given a ‘buy’ rating, while two have recommended ‘hold’.
A market analyst is putting forward a price target of 80 rupees per share for Suzlon Energy Ltd’s share.
Suzlon Energy Ltd’s stock has gained 220% in the last 12 months. This stock has climbed 100% so far this year. In the same way, this stock has also seen an increase of 95% over the past 6 months.
Quick Fact
| Company name | Suzlon Energy |
|---|---|
| Recent Share Rise | 4.99% |
| Intraday High (10th September) | ₹78.05 |
| New Order Received | 1,166 MW wind energy |
| Order From | NTPC Green Energy Limited |
| Order Announcement Date | 9th September |
| Possible Target Price | ₹73.4 |
| Analyst Rating | Overweight |
| Number of Wind Turbines (WTGs) | 370 |
| Turbine Capacity | 3.15 MW |
| Turbine Type | Hybrid Lattice Tubular (HLT), S144 |
| Project Locations | Gujarat |
| Associated Companies | NTPC Renewable Energy Limited, IndianOil |
| Cumulative Order Book (September 2024) | ~5 gigawatts |
| Expert Recommendation | 3 Buy, 2 Hold |
| Possible Target Price by Market Analyst | ₹80 |
| Stock Gain in Last 12 Months | 220% |
| Stock Gain in 2024 | 100% |
| Stock Gain in Last 6 Months | 95% |
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