Suzlon Shares Drop Post Q2 Numbers; Analysts Maintain Bullish Tone on Renewables

After reporting its Q2 results, Suzlon Energy shares slipped around 6%, reflecting investor caution despite a stable revenue trajectory. The company’s net profit was impacted by rising input costs and uneven project execution pace.
Interestingly, JM Financial lifted its target price, indicating confidence in Suzlon’s future performance, driven by order visibility and improving EBITDA margins.
Analysts believe Suzlon’s long-term story remains intact, with India’s renewable energy expansion and wind capacity additions expected to provide strong tailwinds in the coming years.