Motilal Oswal Predicts 73% Upside for Suzlon Energy Despite Yearly Decline

Shares of Suzlon Energy have experienced a significant decline of nearly 30% over the past year, yet market analysts at Motilal Oswal Financial Services remain optimistic about the renewable energy firm's long-term prospects. Following a recent period of market correction, the brokerage has reiterated a 'Buy' rating on the stock, projecting a target price of Rs 65. This estimate represents a potential 73% upside from current levels, with the stock recently trading at a 20% discount relative to its historical averages.The brokerage firm anticipates that Suzlon's earnings momentum will strengthen considerably during the second half of the 2027 fiscal year. This projection is rooted in the seasonal nature of the company’s business, where the latter half of the year typically contributes between 60% and 65% of annual EBITDA. Analysts expect wind turbine deliveries to rise from approximately 1.2 GW in the first half to 2.1 GW in the second half, supported by a healthy order book of 5.9 GW as of the end of the first quarter of FY27.Furthermore, regulatory tailwinds, such as mandates for local content in wind projects and an increasing demand for power during peak evening hours, are expected to bolster the company's performance. Suzlon Energy also continues to focus on execution improvements, including land acquisition and engineering, procurement, and construction (EPC) expansion initiatives. According to the research note, the company is expected to deliver an EBITDA compound annual growth rate (CAGR) of 22% between FY26 and FY28.While the stock has struggled recently—falling more than 12% in the last month and 26% since the start of 2026—it has provided substantial long-term returns for investors. Over the past five years, the firm has seen growth exceeding 470%. With a current market capitalisation surpassing Rs 52,813 crore, Suzlon remains a significant player in India's expanding renewable energy sector, as the government works toward its national capacity installation targets for the fiscal year.