Morgan Stanley has reiterated its Overweight rating on Suzlon with a target price of ₹73.4, following a significant order win from NTPC for 1.17GW of wind energy capacity. The contract involves the supply of 370 units of 3.15MW turbines with HLT towers at three sites, as well as the erection, commissioning, and operations & maintenance (O&M) of the project.
Suzlon’s order book now stands at approximately 5GW, up from 3.82GW in Q1 FY25. This large order is expected to provide improved earnings visibility for FY26-27 estimates, reinforcing investor confidence in Suzlon’s growth trajectory.
As a result, Suzlon’s share price rose 4.25% to ₹77.50 in early trading at 9:37 AM, reflecting optimism around the company’s expanding order pipeline and potential for long-term revenue growth.
