Suzlon Energy 2.0: Brokerages see execution-led growth opportunity, retain bullish stance

Brokerages including Motilal Oswal and JM Financial have reaffirmed bullish stances on Suzlon Energy after its Investor Meet 2026, where management outlined the 'Suzlon 2.0' strategy to transform into a full-stack renewable energy solutions provider. Key FY31 targets include over 25% revenue CAGR, expansion of the RE order book to 15 GW, annual RE sales of 10 GW, and AUM growth to over 70 GW. Brokerages project 21%/28%/34% revenue/EBITDA/PBT CAGR over FY26-FY28E and maintain Buy ratings with target prices of ₹65-₹71, while flagging execution as the critical risk to the transformation strategy.