Suzlon Energy, a prominent player in renewable energy solutions, is experiencing an upward trend in its stock performance as the first-quarter earnings season, set to begin on July 9, draws near. The stock, which underwent a period of consolidation in April, has seen significant gains recently, climbing 43% over the past three months, largely fueled by robust Q4 earnings.
Recent Performance and Q4 Results
Despite a strong short-term rally, Suzlon Energy's stock has faced a 10% decline over the past year due to profit-booking activities. However, the company's long-term trajectory remains impressive, with gains of 280% over three years and 616% over five years. The firm boasts a substantial order book of 5.9 GW, though potential execution delays could affect near-term performance.
In its Q4 FY26 results, Suzlon Energy reported a consolidated net profit of Rs 1,114.35 crore, a 5.74% year-on-year decrease. Sequentially, however, profit surged by 150.25% from Rs 445.28 crore in Q3 FY26. Revenue from operations also saw a healthy increase, rising 44.32% year-on-year to Rs 5,520.65 crore in the fourth quarter.
Technical Analysis and Analyst Views
Technically, Suzlon Energy stock is positioned favorably, trading above its 10, 20, 30, 50, 100, 150, and 200-day simple moving averages, signaling a medium-term bullish trend. The Relative Strength Index (RSI) stands at 58.4, indicating the stock is neither overbought nor oversold.
Expert Insights
Jigar Patel, from Anand Rathi, commented on the immediate outlook, stating, "Support is placed at Rs 57, while resistance stands at Rs 60.45. A decisive breakout above Rs 60.45 could open the door for further upside towards Rs 63. In the short term, the stock is expected to trade within the Rs 57-Rs 63 range."
Aakash Shah, Technical Analyst at Choice Broking, noted, "Suzlon has resumed its positive momentum after undergoing a healthy consolidation following its strong rally during April. After spending several weeks trading within a narrow range, the stock has successfully broken above its falling trendline, indicating the beginning of a fresh upward move. It continues to hold firmly above its 20-day EMA, reflecting sustained buying interest on every minor decline. The stock is now approaching the important Rs 60 resistance zone, where a decisive breakout could trigger the next leg of the rally. Another encouraging factor is that the 100-day EMA is on the verge of crossing above the 200-day EMA, signaling improving long-term strength. The RSI is trading around 61 with a positive crossover, supporting bullish momentum. A sustained move above current levels could push the stock towards Rs 64, while Rs 55 remains a strong support and ideal stop-loss level, which coincides with the lower band of the falling trendline support."
Virat Jagad, Sr. Technical Research Analyst at Bonanza, added, "The stock is trading above its short- and medium-term EMAs, with the long-term EMA flattening, indicating improving trend strength. RSI is near 60, reflecting healthy bullish momentum without entering overbought territory. Rising volumes on recent advances support accumulation, while price is consolidating just below resistance around Rs 61.5. Fresh buying is advisable only on a decisive breakout above Rs 61.5 with strong volume, keeping a stop-loss below Rs 56. Existing holders may continue with a trailing stop-loss below the 20-EMA/Rs 56 zone."
Suzlon Energy offers comprehensive renewable energy solutions, including wind turbine production and a range of solar energy services, from irradiance assessment and land acquisition to installation, commissioning, and life cycle asset management.