Suzlon Energy, one of India’s pioneering wind turbine manufacturers, continues to be a stock that divides opinion. On 19 August 2025 at 10:37 AM, the company’s shares were trading around ₹58.42 apiece, roughly 0.6 % higher than the previous close. While that is still well below the 52‑week high of ₹86.04, it is comfortably above the low of ₹46.15, highlighting the wide trading range the stock has seen over the past year. Over the last twelve months Suzlon shares have fallen about 27.6 % due to profit‑taking and concerns about global economic growth. In 2025 so far the stock is down roughly 6 %. Yet long‑term investors who stayed with the company have enjoyed spectacular gains: the stock has returned over 726 % in the past three years and more than 1,500 % over five years, making it one of the biggest wealth creators in the renewable energy space.
Suzlon’s turnaround has been driven by debt restructuring, improved operational efficiency and a surge in orders as India and other countries ramp up wind power installations. The company has focused on reducing leverage and selling non‑core assets, while new management emphasises profitable growth. Its order book now exceeds 3 gigawatts, including projects from state utilities and independent power producers. The government’s target of installing 140 GW of wind capacity by 2030 and new auction schemes have also boosted demand for turbines. Suzlon’s technology has evolved as well: its newer turbines offer higher capacity factors and are designed for low wind regimes, widening its addressable market.
Analysts tracking the stock believe the recent pullback offers a good accumulation opportunity. Research houses have pegged a 12‑month target price around ₹81 per share, implying potential upside of nearly 39 %. They maintain a ‘buy’ rating citing strong order inflows, improving margins and the government’s continued push for renewable energy. However, they caution that execution risks remain; project delays or cost overruns could affect profitability, and global supply chain disruptions may weigh on component availability. Investors should therefore be prepared for volatility. For those with a medium ‑ to long‑term horizon, Suzlon Energy still represents a proxy for India’s growing wind energy sector and the broader transition to cleaner power.
