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[hfe_template id='11223'] [ad_1] Shares of Suzlon Energy climbed as much as 5% on Friday to reach Rs 58.15 on the BSE, extending their rally for a third consecutive session. The stock has gained nearly 16% over the past three days, driven by the company’s impressive third-quarter earnings report. The renewable energy firm reported a 90% year-on-year (YoY) jump in net profit to Rs 386.92 crore for the quarter ended December 2024. Revenue from operations surged 91% YoY to Rs 2,968.81 crore, up from Rs 1,552.91 crore in the same quarter last year. In comparison, Suzlon had reported a net profit of Rs 203.04 crore in Q3 FY24. Total income for Q3 FY25 also saw a sharp 91% YoY rise to Rs 3,002.36 crore from Rs 1,569.71 crore in the previous year’s corresponding quarter. The company’s EBITDA more than doubled to Rs 500 crore, with an EBITDA margin of 16.8%. Suzlon recorded its highest-ever quarterly deliveries, achieving 447 MW in Q3 FY25. The wind turbine generator segment was...

[hfe_template id='11223'] [ad_1] Suzlon Energy shares surged 5% in early trade to hit the upper circuit at Rs 52.76 in intraday trade on Wednesday after the company reported a 90% year-on-year (YoY) surge in net profit to Rs 386.92 crore for the quarter ended December 31, 2024. Revenue from operations also saw a sharp increase of 91% YoY, reaching Rs 2,968.81 crore. The company’s revenue from operations during the December 2023 quarter was Rs 1,552.91 crore, while the renewable energy firm had reported a profit of Rs 203.04 crore in the third quarter of the previous year. Suzlon Energy’s total income for Q3 FY25 rose sharply by 91% YoY to Rs 3,002.36 crore, compared to Rs 1,569.71 crore in the same quarter last year. Notably, the company’s EBITDA more than doubled to Rs 500 crore, with an EBITDA margin of 16.8% during the quarter. Also Read: Stocks in news: Bajaj Finance, Maruti, Tata Motors, SBI Card, Suzlon Energy Suzlon said it recorded its highest-ever quarterly deli...

[hfe_template id='11223'] [ad_1] Wind energy solutions provider Suzlon Energy shares rose 3% to the day's high at Rs 67.3 on the BSE on Wednesday following the company’s announcement of an expanded partnership with Jindal Renewables. The latest development comes after Suzlon secured a 302.4 MW wind power project order from JSP Green Wind 1 Pvt. Ltd, a subsidiary of Jindal Renewables, in the Koppal region of Karnataka. The project is aimed at accelerating India's green steel production. Suzlon Energy now has the largest ever Commercial and Industrial (C&I) order from a single customer, as it secured a 400 MW captive wind power project from Jindal Renewables in the same region of Karnataka last month. C&I customers now account for 56% of Suzlon's overall order book, which is now at an all-time high of 5.4 GW. As per the agreement, Suzlon will supply 96 state-of-the-art S144 wind turbine generators (WTGs) with Hybrid Lattice (HLT) towers, each of which w...

[hfe_template id='11223'] [ad_1] Shares of Suzlon Energy surged over 9% to Rs 80.47 in Wednesday's trade on the BSE, following reports that the company is competing to secure bids for supplying wind turbines to Tata Power. According to reports, wind turbine original equipment manufacturers, including Siemens Gamesa, Senvion India, Envision Energy, and Suzlon Energy, are competing to secure these contracts. Tata Power has sought bids for the supply of wind turbines with a total capacity of 3 gigawatts. This move is expected to invigorate the wind energy market and enhance competition among turbine suppliers. Tata Power’s mega order for wind turbines is a significant step towards strengthening the country’s renewable energy sector, as reported by ET. The order scale is expected to intensify competition among turbine suppliers, potentially leading to more affordable and efficient wind energy solutions. Also Read: Tata Power stock in focus as co seeks bids for 3 GW wind ...

[hfe_template id='11223'] [ad_1] Global brokerage Morgan Stanley has downgraded Suzlon Energy shares from "overweight" to "equal weight." Following this update, the shares of the wind energy solutions provider fell 2% to a day's low of Rs 80.5. Despite the downgrade, Morgan Stanley has raised its price target for Suzlon to Rs 88 per share, up from Rs 73. This revised target indicates a potential upside of 8% from Thursday's closing price of Rs 81.8. Over the past six months, Suzlon's shares have doubled in value, rising 112% and outperforming the Sensex index by 95 percentage points. This outperformance has been driven by a significant increase in the order book and improvements in the company's balance sheet, along with strong cash flows from operations. Suzlon's order book is now at an all-time high, nearing 5 GW. Morgan Stanley maintains that Suzlon continues to be a key beneficiary of India's wind energy growth amid favorab...

[hfe_template id='11223'] [ad_1] Shares of Suzlon Energy hit a 5% upper circuit for the third consecutive session, reaching a fresh 52-week high of Rs 86 in Wednesday's trade on BSE. The rally was driven by positive investor sentiment following Morgan Stanley's overweight rating on the renewable energy company. The stock saw heavy trading volumes, with nearly 13.94 crore shares changing hands on the NSE. The total traded value reached Rs 1,173.4 crore. Suzlon recently secured a significant order of 1,166 MW from NTPC Green Energy, the renewables arm of state-run NTPC. This large PSU order marks Suzlon's return to big contracts after a period of ineligibility due to its negative net worth. The order is expected to enhance Suzlon's earnings visibility for FY26-FY27, according to Morgan Stanley. As part of the contract, Suzlon will install 370 S144 wind turbines (WTGs), each with a rated capacity of 3.15 MW, to generate electricity for powering 30 lakh house...

[hfe_template id='11223'] [ad_1] Retail investors, who are often ridiculed for buying at peak and selling in bear markets, played it smart this time. Suzlon Energy saw small investors book profits in the June quarter even as both the big boys - FIIs and mutual funds - bought. The shareholding of retail investors, who were early birds in the multibagger rally, went down from 25.93% in March quarter to 23.16% in the June quarter. On the other hand, MFs doubled down their holding in the stock from 1.86% to 3.82% quarter-on-quarter. FIIs also increased their stake to 21.53% in the June quarter from 19.57% in the March quarter, up from 17.83% in Q3 FY24 and 10.88% in Q2 FY24. Suzlon Energy’s stock has shown impressive performance, with a nearly 90% return from April to date and over 300% in the past one year. Over the last two years, the stock has surged by more than 1,000%. Aamar Deo Singh, Senior Vice President of Equity, Commodity & Currency at Angel One, advised that ...

[hfe_template id='11223'] [ad_1] Suzlon Energy's market capitalisation surpassed Rs 1 lakh crore on Friday, following a nearly 37% surge in its stock price since the company released its June quarter results on July 22. On Friday, the stock climbed 3.3% to a new 52-week high of Rs 75.39, driven by substantial trading volumes on the NSE. Approximately 5.83 crore shares worth Rs 433.5 crore changed hands. At 11:14 am, the scrip was trading 2.4% higher at Rs 74.7 on NSE. Over the past three months, the stock has risen nearly 90%, and it has gained 280% in the last 12 months. Notably, the stock has surged nearly 960% in the past two years. This stock surge follows Suzlon's significant growth in consolidated net profit, which soared to Rs 302 crore for Q1 FY25, marking a 200% year-on-year increase from Rs 101 crore in the same quarter of the previous fiscal year. In Q1 FY25, Suzlon also reported a 50% increase in revenue from operations, reaching Rs 2,016 crore compar...

[hfe_template id='11223'] [ad_1] Suzlon Energy shares have rallied 33% to Rs 73.04 since the company announced its June quarter results on July 22. This surge followed the renewable energy firm's impressive growth in consolidated net profit, which soared to Rs 302 crore for Q1 FY25 — a 200% year-on-year (YoY) increase from Rs 101 crore in the same quarter of the previous financial year. In Q1 FY25, Suzlon also reported a 50% increase in revenue from operations, reaching Rs 2,016 crore compared to Rs 1,348 crore in the same period last year. The company's EBITDA rose 86% to Rs 370 crore, with an improved EBITDA margin of 18.4%, up from 14.8% a year earlier. The stock also hit a 5% upper circuit in today's trade and has reached the upper circuit 7 times in the past 13 trading sessions since the results announcement. Adding to the positive sentiment, Suzlon’s board recently approved the acquisition of a 76% stake in Renom Energy Services. The total acquisition c...

[hfe_template id='11223'] [ad_1] Domestic brokerage firm JM Financial increased the target price for Suzlon Energy's stock to Rs 71 from an earlier Rs 54 after the company reported a stellar performance for the first quarter ended June 2024. “We believe that gradual building of momentum for higher execution, healthy order book, more healthy bid pipeline, strengthening of balance sheet and the organization are driving the company for the next-level of growth, “ said JM Financial in its report. Suzlon has recorded the largest-ever order book of 3,817 MW during 1QFY25 (1,433 MW in 1QFY24) with a diversified mix (88% 3MW series; 66% C&I customers; 67% non-EPC scope; spread across 7 States). As the company becomes eligible for bidding PSU tenders e.g. NTPC, it is expected that the company will book healthy orders during FY25 and beyond, supported by likely moderation in competition. Suzlon’s current order book of 3,817 MW is due for execution up to FY26, with a major ...

[hfe_template id='11223'] [ad_1] Suzlon Energy shares have rallied 11% since June 4, 2024, after a 3% fall on the election outcome. On Monday, the counter hit a fresh 52-week peak and in the process gave a breakout from the last week high. The stock is a momentum pick, say analysts who see up to 28% upside over the current levels. On Tuesday, Suzlon Energy stock ended at Rs 53.62, down by Rs 1.09 or 2%. While there are several technical indicators to assess if the stock is in momentum or not, ETMarkets has picked Suzlon Energy based on its closing above the last week high. This is a weekly breakout scan. ETMarkets.com Source: Stock Edge Last week’s high was Rs 53.05 and the stock ended at Rs 54.70 on Monday. On Tuesday it settled at Rs 53.62, managing to hold above last week’s closing price. Expert Take Rohan Shah, Technical Analyst at Religare Broking sees a strong momentum in Suzlon Energy shares in the near term, as he cited formation of progressive higher tops and hi...