Suzlon’s long-term trajectory intact

MANUFACTURING CAPACITY SET FOR EXPANSION

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SUZLON ENERGY'S SHARES have gained momentum this year on expectations of improving order visibility and operating leverage. The brokerage maintains a ‘Buy’ rating and a target price of $74 apiece.While recent pauses in renewable-energy auctions have clouded near-term sentiment, the company sees a durable multiyear cycle remains intact, underpinned by a deep domestic pipeline, rising export readiness and planned capacity additions that position the company to benefit from accelerating global and national demand for wind power.

The wind energy solution provider's emphasis on engineering, procurement and construction (EPC) is central to that strategy. By securing smaller, distributed land parcels across roughly 23GW of national wind sites, Suzlon aims to embed itself as a long-term development partner for large power producers. It plans to raise the EPC share of the business from about 20% today to 50% by 2028, betting that tighter control over project execution will enhance margins.