Suzlon Energy at 5% upper limit, zooms 16% in 3 days on Q3; analysts upbeat

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Suzlon Energy at 5% upper limit, zooms 16% in 3 days on Q3; analysts upbeat - Business Standard

Quick Summary:

Analysts also noted that the company’s manufacturing capacity has now expanded to 4.5 GW, with several large orders from NTPC, Torrent Power, and Jindal Renewables, which have secured land and right-of-way (ROW), enhancing the visibility for future execution.

Suzlon Energy is a company that provides renewable energy solutions, specialising in the manufacturing of wind turbine generators (WTGs) and various other components.

Meanwhile, Nuvama noted that Suzlon Energy delivered a strong Q3FY25 execution of 447 MW, surpassing their estimate of 360 MW.