Deven Choksey Research has initiated coverage on Suzlon Energy Ltd.

Suzlon Energy is entering a new phase of growth as it transforms itself from a traditional wind turbine manufacturer into a comprehensive renewable energy solutions provider.

Suzlon Energy share price jumped 5.8 percent while the overall markets remained range-bound. Suzlon Energy could see further strength but the stock also faces strong resistance in Rs 60-65 range.

India’s clean energy sector has emerged as one of the strongest-performing pockets of the equity market in 2026, even as broader indices struggled with volatility and sectoral rotation.

ICICI Securities has reiterated a BUY (Maintain) rating on Suzlon Energy with a target price of Rs 65, implying a 51% upside from the current market price of Rs 43.

Motilal Oswal Financial Services has reiterated a BUY call on Suzlon Energy, arguing that the recent correction in the stock has created a compelling risk-reward setup at a time when India’s renewa