Morgan Stanley has upgraded Suzlon Energy to ‘Overweight,’ maintaining its target price at ₹71. The brokerage sees the recent steep correction in Suzlon’s stock as an opportunity for investors to accumulate, emphasizing the company’s strong business moat and significant growth opportunities in the wind turbine Original Equipment Manufacturer (OEM) segment.
Despite lowering its FY25 sales volume estimate to 1.3GW from 1.5GW earlier, Morgan Stanley has kept its total sales volume forecast for FY25-27 unchanged at 7.15GW. This reflects confidence in Suzlon’s long-term growth trajectory, supported by the global push toward renewable energy and increased demand for wind power solutions.
Morgan Stanley reiterated its belief that Suzlon is well-positioned to benefit from the ongoing energy transition and advised investors to capitalize on the stock’s correction, citing the company’s strong fundamentals and favorable industry tailwinds.
