Suzlon Share Price Target 2025, 2030, 2035, 2040: Expert Forecast & Analysis
Suzlon Share Price Target 2025: Suzlon Energy Limited (NSE: SUZLON), a leading renewable energy solutions provider, is a key player in India’s wind energy sector. As of June 29, 2025, its share price is approximately ₹64.53, with a market cap of ₹91,479 crore, reflecting a 27.4% YoY increase. With India’s push for 100 GW of wind capacity by 2030 and Suzlon’s robust order book, is this stock poised for multibagger returns? This guide provides detailed share price targets for 2025–2040, blending fundamental and technical analysis to help investors make informed decisions.

Table of Contents
Suzlon Energy Overview
Founded in 1995 by Tulsi Tanti, Suzlon Energy is India’s largest wind turbine manufacturer, with a 15 GW installed capacity domestically and 20.9 GW globally across 17 countries. Headquartered in Pune, Suzlon offers end-to-end wind energy solutions, including turbine manufacturing, project execution, and operations and maintenance (O&M). Its recent acquisition of Renom Energy Services strengthens its O&M capabilities, while a 5,622 MW order book signals strong growth.
Key Company Highlights
- Market Leadership: India’s top wind energy provider with 111+ wind farms.
- Financial Recovery: Debt reduced from ₹12,000 crore to near zero, with Q4 FY25 net profit at ₹1,182.22 crore (+365.22% YoY).
- Revenue Growth: FY25 revenue of ₹10,851 crore (+67% YoY), EBITDA at ₹1,857 crore (17.1% margin).
- Promoter Holding: 13.25%, with FIIs at 23.04% and retail investors at 56.72%.
Suzlon Share Price Target 2025
Analysts forecast Suzlon’s share price to range between ₹51–₹150, averaging ₹108, implying a 67.36% upside from ₹64.53.
Key Drivers
- Strong Order Book: 5,622 MW worth ₹36,000 crore, including a 1,166 MW NTPC Green Energy order.
- Government Support: India’s target of 6 GW wind capacity by FY26 and favorable policies like Production Linked Incentives (PLI).
- Technical Indicators: Bullish sentiment with RSI at 55 (neutral) and a 20-day moving crossover signaling a 6.34% gain in 7 days.
Technical Outlook
- Moving Averages: Trading below 200-day SMA but above 50-day SMA, indicating short-term momentum.
- Fear & Greed Index: 58.98 (Greed), reflecting positive investor sentiment.
- Support/Resistance: Key support at ₹59–63, resistance at ₹86.04 (52-week high).
2025 Price Target Table
Period | Low Target | High Target | Average Target |
---|---|---|---|
Start of 2025 | ₹51.00 | ₹90.15 | ₹70.00 |
Mid-2025 | ₹67.00 | ₹121.00 | ₹94.00 |
End of 2025 | ₹75.00 | ₹150.00 | ₹108.00 |
Suzlon Share Price Target 2026
In 2026, Suzlon’s share price is projected to range between ₹60–₹198.26, averaging ₹102, a potential 58% upside.
Growth Catalysts
- Capacity Expansion: Plans to increase turbine production from 3.5 GW to 5 GW with ₹350–400 crore investments.
- Technological Innovation: New 3.15 MW turbines with Hybrid Lattice Tubular towers enhance efficiency.
- Global Demand: Operations in 17 countries drive export revenue.
Risks
- High Valuation: P/E ratio of 155.19 vs. industry average of 30, indicating overvaluation.
- Volatility: 52-week range of ₹35.50–₹86.04 shows price swings.
Suzlon Share Price Target 2027
By 2027, analysts expect a share price range of ₹75–₹280, averaging ₹135.
Key Factors
- Order Execution: Delivery of 2.6 GW in FY25, with 500 MW in Q1 FY26.
- Financial Stability: Debt-to-equity ratio at 0.05, reflecting a strong balance sheet.
- Brokerage Outlook: Motilal Oswal’s ₹70 target with a “Buy” rating.
Suzlon Share Price Target 2028
For 2028, Suzlon’s share price is forecasted to range between ₹100–₹480, averaging ₹169.
Strategic Moves
- Renom Acquisition: Expands O&M to non-Suzlon turbines, boosting revenue.
- Solar-Wind Hybrid: Plans to offer hybrid solutions, tapping new markets.
- Analyst Sentiment: Geojit’s “Accumulate” rating with a ₹77 target.
Suzlon Energy Share Price Target 2029
In 2029, the share price could range between ₹125–₹591, averaging ₹200.
Long-Term Drivers
- Global Green Transition: India’s Net Zero policy and global renewable demand.
- Profit Growth: 30.74% CAGR in profits over the past 3 years.
- Innovation: Focus on carbon fiber turbines for higher efficiency.
Suzlon Share Price Target 2030
By 2030, Suzlon’s share price is projected to range between ₹116–₹715, averaging ₹236.
Growth Outlook
- Market Expansion: Potential to become Asia’s largest wind energy company.
- Government Policies: Subsidies and tax benefits under India’s renewable energy mandates.
- Order Pipeline: Continued growth from a 5 GW+ backlog.
Suzlon Energy Share Price Target 2035
Analysts predict a share price range of ₹350–₹1,450, averaging ₹675, driven by India’s 100 GW wind capacity target and Suzlon’s global expansion.
Key Catalysts
- Production Scale: Doubling capacity to 7–8 GW annually by FY27.
- International Markets: Growth in Europe, Australia, and Africa.
- Sustainability: Alignment with global Net Zero goals.
Suzlon Energy Share Price Target 2040
By 2040, Suzlon share price target could range between ₹900–₹3,500, averaging ₹1,687, reflecting its potential as a multibagger stock.
Long-Term Potential
- Global Leadership: Scaling operations in 17+ countries.
- Technological Edge: Larger, cost-efficient turbines for low-wind regions.
- Investor Confidence: Multibagger returns of 1,800% over 5 years signal strong sentiment.
Price Target Summary Table (2025–2040)
Year | Low Target | High Target | Average Target | Key Catalyst |
---|---|---|---|---|
2025 | ₹51.00 | ₹150.00 | ₹108.00 | Strong order book |
2026 | ₹60.00 | ₹198.26 | ₹102.00 | Capacity expansion |
2027 | ₹75.00 | ₹280.00 | ₹135.00 | Financial stability |
2028 | ₹100.00 | ₹480.00 | ₹169.00 | Renom acquisition |
2029 | ₹125.00 | ₹591.00 | ₹200.00 | Green energy demand |
2030 | ₹116.00 | ₹715.00 | ₹236.00 | Net Zero policies |
2035 | ₹350.00 | ₹1,450.00 | ₹675.00 | Global expansion |
2040 | ₹900.00 | ₹3,500.00 | ₹1,687.00 | Technological edge |
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Why Invest in Suzlon Energy?
Suzlon’s leadership in India’s wind energy sector, backed by government policies and a debt-free balance sheet, makes it a compelling long-term investment. However, its high P/E ratio and volatility require caution.
Investment Advantages
- Renewable Energy Boom: India’s 100 GW wind target by 2030.
- Strong Financials: 73% YoY revenue growth and 365% Q4 profit surge in FY25.
- Brokerage Support: Motilal Oswal’s “Buy” and Morgan Stanley’s ₹70 target.
- Multibagger History: 2,300% returns over 5 years.
Risks to Consider
- High P/E Ratio: 155.19, far above industry norms.
- Competition: Rivals like Vestas and Siemens Gamesa challenge market share.
- No Dividends: Last dividend paid in 2008, limiting income-focused investors.
Additional Factors Driving Suzlon’s Growth
Strategic Initiatives
- Renom Acquisition: Expands O&M to multi-brand turbines, boosting recurring revenue.
- Solar-Wind Hybrid: Diversifies offerings, targeting new markets.
- Global Presence: Operations in 17 countries, with exports to Asia, Europe, and Africa.
Macroeconomic Tailwinds
- Government Policies: PLI schemes and Renewable Purchase Obligations.
- Green Energy Demand: Global shift to renewables, with India targeting Net Zero by 2070.
- Infrastructure Investments: ₹350–400 crore for new blade manufacturing in Madhya Pradesh and Rajasthan.
Technical Analysis Insights
- RSI: Neutral at 55, with potential for bullish breakout if it crosses 70.
- Support Zone: ₹59–63, ideal for tactical buys.
- Chart Patterns: Head & Shoulders breakout on monthly charts signals long-term upside.
How to Invest in Suzlon Energy Shares
- Open a Demat Account: Use platforms like Zerodha, Upstox, or INDmoney.
- Research Fundamentals: Check EPS (₹1.52), P/E (155.19), and order book (5,622 MW).
- Monitor Technicals: Use TradingView for RSI and moving average analysis.
- Start Small: Begin with ₹5,000–₹10,000 or SIPs to manage risk.
- Consult Advisors: Seek professional guidance for portfolio allocation.
Suzlon Energy Share Price Target FAQ
Q1: What is Suzlon Energy’s share price target for 2025?
A: Analysts predict ₹51–₹150, averaging ₹108.
Q2: Is Suzlon Energy a good long-term investment?
A: Yes, with strong fundamentals and a 5,622 MW order book, but high P/E and volatility pose risks.
Q3: What factors drive Suzlon’s share price growth?
A: Government policies, capacity expansion, and global renewable demand.
Q4: Why does Suzlon have a high P/E ratio?
A: At 155.19, it reflects high investor expectations but signals overvaluation.
Q5: Will Suzlon pay dividends in the future?
A: Unlikely, as the last dividend was in 2008; focus is on growth investments.
Q6: How does the Renom acquisition impact Suzlon’s stock?
A: It strengthens O&M revenue, supporting long-term growth.
Q7: What is Suzlon’s share price target for 2030?
A: Projected at ₹116–₹715, averaging ₹236.
Disclaimer: Stock market investments carry risks. Past performance does not guarantee future results. Consult a financial advisor before investing.
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