Suzlon Energy Share Price Target 2026, 2027, 2030, 2040 To 2050

The renewable energy sector in India is booming now. So in this article today, we will discuss Suzlon Energy Share Price Target 2026, 2027, 2028, 2029, 2030, 2035, 2040 to 2050. Can this company give a multibagger return? Not only this, we will try to know everything about the company’s business model, growth potential, strengths, risks, sector growth, fundamental analysis, and technical analysis. We will try to give as much real information as possible and try to answer all the questions you want to know. So that it helps you and makes it easier for you to make the right decision about what to do in this company.

Suzlon Energy Share Price Target (2026 to 2050) – Quick Overview

Experts believe that the Global Renewable Energy Industry can grow at a CAGR of 12.48% by 2035 and reach a market size of $4.6 Trillion. In this article, we have calculated the Suzlon Energy share price target that Suzlon can grow at a CAGR of 20% from 2026 to 2030, a CAGR of 17% from 2030 to 2040, and a CAGR of 12% – 14% from 2040 to 2050. (Source: Yahoo Finance)

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Suzlon Energy

NSE: SUZLON | BSE: 532667

52W High ₹74.30

52W Low ₹38.19

SectorRenewable Energy

Market CapLarge Cap

Share Price ↗ suzlon.com

Suzlon Energy Share Price Today (LIVE Chart)

Suzlon Energy: Company Overview & Business Model

Tulsi Tanti was a mechanical engineer by profession. Tulsi Tanti’s family had a textile business in Surat, Gujarat. But due to frequent power cuts and high electricity bills, the business was suffering huge losses. To solve this electricity problem, he bought two wind turbines in 1994 and started generating electricity for her factory. Seeing her initiative, other businessmen in the area also became interested. Realizing that there was a good opportunity in this business, Tulsi Tanti left the textile business and founded ‘Suzlon’ in 1995.

Business Segments (Main Revenue Source)

Suzlon Energy is a ‘vertically integrated wind turbine (WTG) manufacturer’. This means that they manufacture almost everything from start to finish in-house.

• Wind Turbine Manufacturing & Sales: Suzlon designs modern wind turbines and manufactures turbines, rotor blades, towers, generators, and control panels in-house. Currently, the company’s most popular and successful turbine model is the S144, which accounts for more than 90% of their total orders. The S133 and S120 models are also quite successful.
• Project Execution (EPC): Installs wind farms and takes projects from government and private companies, which generates a large amount of revenue at once.
• Operation & Maintenance (O&M): Their work does not end with selling turbines. They also carry out servicing and maintenance to ensure those turbines run properly year after year. With 15+ GW assets under management, this is the company’s regular income source (recurring revenue).

Future Growth Factors of Suzlon Energy

• Success of 3 MW Series (S144 Turbines): Suzlon’s new S144 (3 MW) turbines are capable of generating power even in low winds. Currently, about 90% of their total orders are coming from these high-tech turbines, which also have high profit margins.
• Green Steel Leadership: Suzlon is now number one in the race to decarbonize industries in India. Its green steel capacity of 1,156 MW puts the company in a unique position.
• Focus on EPC segment (EPC Dominance): The company is now not just selling turbines, but is focusing on the Engineering, Procurement and Construction (EPC) segment. They aim to bring 50% of their total orders from this profitable EPC model.
• OMS Revenue: Suzlon also provides Operations and Maintenance Services (OMS) after the turbines are installed. Currently, they are getting a large amount of guaranteed and stable cash flow every year from about 15.5 GW of projects.
• Make in India advantage (85% Localization): As 85% of the turbine components are manufactured in India, supply chain risks and import duty costs are avoided, which keeps production uninterrupted.
• Success in Hybrid Projects (Wind-Solar Hybrid): Currently, Suzlon is getting major work in projects that provide uninterrupted power to customers not only in wind, but also in wind-solar hybrid models.
• Government Subsidies and Exemptions (ISTS & GST): The government policy of only 5% GST and waiver of Inter-State Transmission Charge (ISTS) on wind equipment is encouraging the company’s clients to invest in new projects.
• Grid modernisation and battery storage: Renewable energy is not always generated evenly. Therefore, the government is focusing on grid modernisation and battery storage systems. As the infrastructure improves, the demand for Suzlon’s ‘wind-solar hybrid’ solutions will increase significantly.
• Government Infrastructure: The Government of India has allocated Rs 12,031 crore for the Green Energy Corridor-2 (GEC-II), which will make the transmission of generated electricity much easier. Suzlon will directly benefit from this.

Suzlon Energy Share Price Target 2026

In 2026, Suzlon Energy made a lot of changes in its management and business model. For example, Suzlon CEO JP Chalasani was removed from the CEO position and sent to the new Group Executive Council (GEC) and Ajay Kapur, who was earlier working as MD at Ambuja Cements (Adani Group), was appointed as the new CEO of the company. So after the new management came, the company launched a new business model called “Suzlon 2.0”, but what is this “Suzlon 2.0” business model?

So earlier, Suzlon mainly manufactured wind turbines and sold them to clients. But this type of business model is usually cyclical, meaning that revenue decreases significantly when orders decrease. But now, Suzlon is gradually moving away from this traditional model and becoming a complete renewable energy solutions provider, where solar and battery energy storage (BESS) are being added to wind. (Source: ET Energy World)

The most important part of this Suzlon 2.0 strategy is the DevCo model, where Suzlon will not just supply equipment but will develop the entire renewable energy project. According to this model, the company will first identify suitable land, then take regulatory approvals, arrange grid connectivity and prepare the entire project and sell it to companies as a “ready-to-build” asset. As a result, Suzlon will become a project developer rather than just a product seller, due to which the profit margin will be much higher, and revenue will improve. In this model, Suzlon can earn income from the entire value chain—from land to project execution.

Once Suzlon Energy’s Suzlon 2.0 business model is launched on a full scale, according to our analysis, the share price target of Suzlon Energy in 2026 is estimated to be in the range of ₹38 to ₹85.

Suzlon Energy Stock Price Target 2027

Suzlon currently has a record-breaking order book of around 6,400 megawatts (6.4 GW). The company is now entering into cutting-edge and profitable businesses beyond power generation, such as ‘green steel’ and ‘petrochemical decarbonization’. Although many projects are under construction at Suzlon, such as:

• ArcelorMittal – Green Steel Project: Suzlon recently received a large 248.85 MW wind order from ArcelorMittal Group. This is part of a 550 MW hybrid project in Gujarat. (Source: Yahoo Finance)
• TATA Power Mega Project: This is one of the biggest projects in Suzlon’s current order book. They have signed a contract with Tata Power for 838 MW.
• GAIL Order: In March 2026, Suzlon received a sixth repeat order of about 100 MW from a large government-owned company, GAIL. (Source: The Economic Times)
• Yanara Rajasthan Project: A project with a total capacity of 306 MW was signed in January 2026 in Barmer, Rajasthan, through two agreements.
• Juniper Green Energy: Suzlon is developing a large 402 MW wind project in Fatehgarh, Rajasthan.

Once all these under-construction projects start operating, Suzlon’s revenue and profit will continue to increase. According to our analysis, the stock price target of Suzlon Energy in 2027 is estimated to be in the range of ₹66 to ₹97.

Suzlon Energy Share Price Target 2028

Suzlon Energy is focusing on business expansion as the company has decided to open 3 new 
‘AI-Enabled Smart Blade Factories‘ to further increase its manufacturing capacity, which will be built in the states of Gujarat and Karnataka. The launch of these 3 new factories will increase the speed of turbine blade manufacturing, due to which the company will be able to deliver projects faster. Faster delivery means faster revenue generation. There will be much less wastage of raw materials in AI (Artificial Intelligence) driven factories. Digital upgrades will reduce the company’s production costs. The more accurately the blades of a wind turbine can be manufactured, the more electricity it can generate. (Source: The Economic Times)

If these three AI-powered factories are launched on a full scale by 2028, according to our analysis, Suzlon Energy’s share price target in 2028 could be in the range of ₹78 to ₹122.

Suzlon Energy Share Price Target 2029

The government has made it mandatory for all the power distribution companies or Discoms in the country to purchase a certain percentage of wind power (Wind RPO). But how can this affect Suzlon Energy Business? This means that a certain demand for wind power has been created in the market. Power companies will be forced to buy wind power, and project developers will be forced to buy turbines from market leaders like Suzlon to generate that power. Also, since wind power is usually generated in coastal or remote areas, the government is creating ‘Green Energy Corridors’ to deliver electricity from there to homes, factories and other places through power transmission lines. (Source: Ministry of Power, Government of India)

According to our analysis, if the government supports and invests in the renewable energy sector in this way, then Suzlon Energy’s share price target is estimated to be in the range of ₹103 to ₹154 in 2029.

Suzlon Energy Share Price Target 2030

The Indian government has set a huge target of generating 500 GW of non-fossil fuel (green energy) in the country by 2030 and 100 GW of wind power. Due to this mega plan of the government, Suzlon can see massive growth in its business. It has also been informed by Suzlon Energy that by 2030, they will run all their factories on 100% renewable energy. As a result, the company’s revenue and profit may increase along with the ESG (Environmental, Social, and Governance) rating, which will attract big foreign investors.

According to our analysis, it is estimated that Suzlon Energy’s share price target in 2030 could be in the range of ₹120 to ₹180.

Suzlon Energy Share Price Target 2035

By 2035, there will be a huge market for replacing or ‘repowering’ old wind turbines (installed 20-25 years ago) in India. New technology will be needed to upgrade existing wind farms to more efficient ones, and by 2035, old wind turbine replacement (repowering) could create a huge growth opportunity for Suzlon Energy, resulting in massive growth in the company’s revenue and profit.

According to our analysis, it is estimated that Suzlon Energy’s share price target in 2035 could be in the range of ₹252 to ₹408.

Suzlon Energy Share Price Target 2040

By 2040, India could become one of the world’s largest economies. By 2040, India will be one of the world’s largest data centre hubs. These data centres require a huge amount of electricity 24 hours a day, a large part of which will come from wind-solar hybrid projects. Suzlon could be a major supplier in this sector. Also, by 2040, most of the vehicles in India will be electric. This huge number of EV charging stations will require a lot of electricity generation, as a result of which the demand for Suzlon’s wind turbines will also increase steadily, which will make the company’s balance sheet strong, and Suzlon can become a cash-rich company.

According to our analysis, it is estimated that Suzlon Energy’s share price target in 2040 could be in the range of ₹609 to ₹1,030.

Suzlon Energy Share Price Target 2050

The Indian government has announced to become ‘Net Zero’ by 2070, and 2050 will be the most important milestone in that journey. What is Net Zero? And how will Suzlon benefit from it? ‘Net Zero’ means reducing or absorbing as much carbon dioxide as it is being released into the environment. By 2050, India will have almost shut down its coal-fired power plants. The huge electricity demand from coal will then have to be met through wind and solar energy. Since Suzlon is the leader in India’s wind power sector, it can supply a large part of this huge demand. In addition, India has set a goal of becoming the world’s largest exporter of green hydrogen by 2050.

According to our analysis, it is estimated that Suzlon Energy’s share price target in 2050 could be in the range of ₹2,520 to ₹4,075.

Suzlon Energy Technical Analysis

• 50 EMA and 200 EMA Analysis: Currently, the price of Suzlon is trading above both the 50 EMA and the 200 EMA, which is seen as a positive trend in both the short-term and long-term. Sustained above the EMA shows that the stock is now in the bullish zone.
• Support Levels Analysis: The daily chart of Suzlon Energy shows that the first strong support is at the level of ₹50 to ₹51. If this support breaks, the next major support is the level of ₹46.
• Resistance Levels Analysis: According to the daily chart, there is strong resistance at the ₹58 to ₹60 level. If this resistance is broken, then the major resistance level is ₹65. If this resistance is broken, a strong breakout with strong volume can be seen.
• RSI 14 Analysis: RSI is currently at 76 and is now in the ‘Overbought’ zone. This means that the stock has risen very quickly. From here, the price may fall in the short term or move around at the same level for some time.
• Volume Analysis: The chart shows that the volume bars have been quite large and green since the beginning of April. This means that big investors (Big Players) are taking positions in the stock. However, now the volume is a little low and consolidation is going on. However, if there is a strong breakout, the volume should increase.
• Stock Trend: As per the current chart, Suzlon Energy is in a strong recovery trend. The stock is now breaking the long-term downtrend and making higher highs and higher lows, which gives a clear signal of a bullish trend. However, due to the strong rally in the recent 1 month, the stock has now entered a sideways consolidation phase.

Suzlon Energy Fundamental Analysis

In the table below, we will discuss Suzlon Energy’s Q3 FY2026 earnings result, Quarterly result and Financial Performance YoY, along with all the financial details like revenue, profit, Debt, EPS, etc. However, Suzlon Energy has not yet released its Q4 FY2026 Quarterly earnings results. Once the company releases it, we will discuss the company’s Q4 FY2026 earnings results in this section.

Quarterly Earning Results (Q3 FY2026)

Suzlon Energy’s December 2025 quarter results showed sales up 9.4% to Rs 4,236 crore and operating profit at Rs 738 crore. However, net profit fell by about 65% to ₹445 crore compared to the previous quarter, which is a negative aspect. Operating profit increased slightly, meaning that the core business is stable. Suzlon’s core profit (PBT) increased in the Dec 2025 quarter, but net profit was looking higher due to a negative tax benefit in the previous quarter—this time, net profit has decreased due to normal tax. Overall, although revenue is good, profit is showing mixed performance due to a decrease.

Financial Performance (YoY Results)

In the table below, we have discussed how Suzlon Energy’s financial performance is growing year on year in terms of revenue, profit, etc., from March 2023 to March 2025.

Important Key Metrics

Suzlon Energy Peer Comparison

The table below compares Suzlon Energy and some of its competitors, such as Inox Wind, Inox Green Energy Services, KP Energy, and BHEL, in a peer analysis. This will give you a better understanding of how Suzlon is performing compared to its competitors.

Share Holding Pattern

According to the latest data of Suzlon Energy as of March 2026, promoters’ holding is only 11.73%. FIIs have increased their holding slightly in this quarter, while DIIs have reduced their holding slightly. There is no government shareholding till now, and public holding is now 55.23%.

Suzlon Energy Latest News & Updates

• 22 April 2026: Suzlon Energy has launched its “Blue Sky” platform, a major step towards entering the international market as part of its Suzlon 2.0 strategy. The new next-generation 5 MW (S175) and 6.3 MW (S163) turbines are designed to produce more power and operate at lower costs in developed markets like Europe. As a result, Suzlon is creating opportunities to win new orders in the repowering phase in Europe and is able to increase its presence in the global market. (Source: Business Standard)

Is Suzlon Energy good for long-term investment? (Bull Case & Bear Case Explained)

Bull Case:

• Market Leadership: Suzlon alone holds about 30% to 32% market share in India’s wind power sector.
• Permanent Income (OMS): They receive a guaranteed cash flow of over 750 crore every year from servicing or maintenance (OMS).
• High return ratio: The company’s ROCE is currently 32.5%, and ROE is 41.4%, indicating very strong performance.
• Low P/E Ratio: Suzlon’s P/E (22.6) is much lower than the industry average P/E (36.3), which suggests that Suzlon’s valuation is still undervalued.
• Massive Installed Capacity: Suzlon has a total installed capacity of over 21,490 MW of wind energy worldwide, which proves its experience and capability in implementing large-scale projects.
• Research and Development: The company focuses a lot on Research and Development so that it can make better products using advanced technology at lower costs.
• ESG Rating: Suzlon is attracting foreign investors by being ranked among the top 10 sustainable or environmentally friendly companies in the world.
• Strong Client Base: Big companies like TATA Power, Adani Green Energy, ACC, Torrent Power, Aditya Birla Group, ITC, Bajaj Group, NTPC Renewable Energy, ONGC, Vedanta, and GAIL are regular clients of Suzlon.
• Strong Global Presence: With a presence in 17 countries, the company can get bigger projects in the international market in the future.
• Completely Debt-Free: The company is now operating without any debt burden, which is directly helping to increase its net profit.

Bear Case:

• High volatility: This is a high-beta stock, so the price can drop quickly even with a small market correction.
• Raw material prices: If the global market prices of products such as steel or copper increase, the cost of manufacturing turbines may increase.
• Government Policy: The renewable energy sector is largely dependent on government policy, so policy changes can directly impact a company’s revenue and profits.
• Strong Competition: Strong competitors like Adani Green or Inox Wind and international companies are likely to reduce profit margins.
• Past Record and Sentiment: The stock may temporarily drop due to any negative news, due to the company’s past record and current market sentiment.
• Interest rates: When the central bank raises interest rates, financing large projects becomes more expensive.
• Working capital: Large projects require a large amount of cash flow or capital to run the business smoothly.
• Geopolitical risk: The impact of political instability or war when operating in foreign markets.
• Order Delays: There is a fear of penalties or losses if large orders cannot be completed on time.
• Execution Risk: If the project is delayed due to land acquisition or grid connectivity issues, it could negatively impact the company’s profits.

Conclusion

Suzlon Energy is no longer a penny stock, but a strong player in India’s renewable energy sector. Low debt, strong order book, strong management, large client base and government support mean that Suzlon Energy can perform well in the long-term. However, the stock market is full of uncertainty, so don’t rush into it and make decisions based on your risk tolerance and the company’s fundamentals. Remember, proper research and patience are the keys to long-term investment success.

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