Brokerage firm DRChoksey has initiated coverage on Suzlon Energy with a 'Buy' rating, setting a price target of Rs 74 per share. This target suggests a potential upside of approximately 27% from its current trading price, drawing positive attention from the investment community.
The firm's optimistic outlook is anchored in Suzlon's robust 5.8 GW order book, which provides strong revenue visibility for more than two years. DRChoksey also highlighted the company's impressive 58% year-over-year increase in turbine installations for the fiscal year 2026 and its healthy free cash flow generation, which is being reinvested into technology and capacity expansion under its 'Suzlon 2.0' strategy. This news comes as foreign institutional investors have also shown sustained interest in the company.