Buy Suzlon Energy: ICICI Securities publish a latest report on Suzlon Energy where maintains a BUY rating for target price ₹76, In this report the top key highlights includes companies strong FY25 performance with 3.6 GW orders bagged and execution of 1.5 GW shows the Suzlon’s order book now at 5.7 GW, ~3.7x of FY25 execution. Company guides for 60% growth in FY26.
ICICI Securities Recommends on Buy Suzlon Energy
ICICI Securities pulished research report on 13th August 2025, In this report ICICI Securities has reiterated its bullish signal on Suzlon Energy with a BUY rating for target price of ₹76.
The brokerage mainly highlighted Suzlon’s impressive growth with robust order wins and proper execution strength thats a favorable environment as most important key point for its future performance.
Suzlon Energy FY25 Performance
Suzlon Energy shows strong perdormance in FY25, In this year Suzlon delivered one of its best financial years in history.
At this FY25 Suzlon Wins Orders of ~3.6 GW wind turbine and expanding its order book to over 5 GW. Company is now entered into PSU order segment that new milestone opens for new growth opportunities in India’s rapidly expanding green energy sector. Also Suzlon chieved 1.5 GW+ turbine installations shows significant progress in project execution. Now this same momentum has forword into FY26, with the company guiding for 60% growth compared to the previous year which shows strong indications.
Also Read: Suzlon Share Price Target 2025-2050
Q1 FY26 Results
In this year Suzlon shows strong strong quaterly results from Q1 beginning, The company highest-ever Q1 execution with 444 MW delivered, compared to 274 MW YoY and Accumulated 1 GW worth of new orders during the quarter.
Now the Order Book stands at an impressive growth with 5.7 GW, which is ~3.7 times its FY25 execution levels. Shows strong pipeline underpins visibility for the next 2–3 years of growth.
Suzlon Share Holding Pattern:
| Holdings | Dec 24 | Mar 25 | Jun 25 |
| Promoters | 13.3 | 13.3 | 11.7 |
| Institutional investors | 32.2 | 32.2 | 33.1 |
| MFs and others | 4.4 | 4.2 | 5.2 |
| FIs/Banks | 2.7 | 2.5 | 2.5 |
| Insurance | 2.2 | 2.0 | 2.4 |
| FIIs | 22.9 | 23.0 | 23.0 |
| Others | 54.6 | 54.6 | 55.2 |
Outlook by ICICI Securities
ICICI Securities expects Suzlon Energy’s order inflow and execution to remain strong in coming years. With strong order book and market leadership Suzlon continues to be a key player in India’s renewable energy growth story.
Also Read: Reliance Power & Reliance Infra Both Rally 16% in 3 Days, Hit Upper Circuit
Suzlon Share Price Target
Recommendation: BUY
Target Price: ₹76
Suzlon Energy’s turnaround journey continues to gather strong momentum with supported by strong execution and rising order inflows with favorable government policies. ICICI Securities maintain BUY rating and a price target of ₹76, investors see Suzlon as one of the top renewable energy stocks to watch in 2026.
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