Shares of Suzlon Energy were trading nearly 2% higher at ₹52.84 on Friday, Dec 12, after Morgan Stanley reiterated its overweight rating on the wind energy major while keeping its target price unchanged at ₹78.
The global brokerage highlighted strong industry growth trends, noting that India’s wind energy installations are set for a sharp rise over the next few years:
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FY26: 6 GW
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FY27: 8–9 GW
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FY28: 12 GW
Morgan Stanley also stated that India is on track to exceed its 2030 wind energy target of 100 GW, with an additional 20–30 GW expected from the commercial and industrial (C&I) segment. The upbeat demand outlook continues to reinforce Suzlon’s position in the renewable energy sector.
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