Suzlon Energy shares have consistently traded below the Rs 50 threshold for the past fourteen sessions, following the announcement of its Q1 earnings on July 28. This recent downturn has seen the green energy stock decline by 10% from its July high of Rs 53.21.
Technical Outlook and Support Levels
Despite a near-term correction, Suzlon Energy shares remain 26% above their 52-week low of Rs 38.17, reached on March 9 this year. However, technical indicators suggest the stock is currently oversold, with its Relative Strength Index (RSI) falling to 28.9.
Technical analyst Jigar S Patel from Anand Rathi identifies immediate support at Rs 46 and resistance at Rs 50. He suggests that for the short term, the stock is likely to trade within the Rs 46-Rs 52 range. A decisive breakout above Rs 50 could open the door for further upside towards Rs 52. In the current session, Suzlon shares saw a 3% rise, reaching Rs 48.51, with the firm's market capitalization standing at Rs 66,721 crore.
Over the long term, Suzlon Energy has delivered significant multibagger returns, with a 145% increase over three years and a remarkable 731% rise over five years. The stock currently trades higher than its 5-day and 10-day simple moving averages but below its 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day averages.
Brokerage Views and Price Targets
As Suzlon Energy shares consolidate post-Q1 earnings, several brokerages have offered their outlook:
- Geojit: Maintains a “BUY” rating with a target price of Rs 56. Geojit is bullish on the company's evolution under “Suzlon 2.0,” which expands its addressable market and diversifies beyond standalone turbine sales. While anticipating higher capital intensity and moderating Return on Capital Employed (ROCE) from 37% in FY26 to 23% by FY28E, Geojit believes these investments will strengthen long-term growth visibility. Their valuation is based on 28x FY28E Adjusted EPS of Rs 2.0.
- Nuvama: Issued a “Hold” call with a revised target of Rs 51 (down from Rs 56). Nuvama cut its FY27/28E EPS estimates by 13% and 10% respectively, citing tweaks to margins and increased depreciation and interest costs. Their target is based on 30x FY28E (WTG + F&F EPS) plus a Discounted Cash Flow (DCF) of O&M.
- Centrum Broking: Sets the highest target price at Rs 74 for Suzlon Energy. Centrum expects margins to improve due to recovery in deferred deliveries, better operating leverage, and a growing contribution from the high-margin Operations & Maintenance (O&M) business. The company's net-cash balance sheet also supports its financial resilience.
Q1 FY27 Financial Performance
For the quarter ended June 30, 2026 (Q1 FY27), Suzlon reported a consolidated net profit of Rs 305 crore, a 6% decrease from Rs 324 crore in the corresponding quarter last year. EBITDA stood at Rs 595 crore during the quarter, slightly lower than Rs 599 crore reported a year earlier, with an EBITDA margin of 15.6%.
However, revenue from operations saw a robust 22.52% year-on-year increase, reaching Rs 3,819 crore from Rs 3,117 crore in Q1 FY26. Operationally, Suzlon achieved its highest-ever first-quarter deliveries at 506 MW, up 14% year-on-year. Commissioning also significantly increased by 2.3 times from the year-ago period, reaching 269 MW.