Should you buy the dip in Suzlon Energy? Leading analysts agree to disagree.
Live MintIndia’s power sector has been the focus of 2024 as the government’s investment in power generation has picked up. Morgan Stanley’s ‘buy’ rating has caused Suzlon Energy stock to hit upper circuit for two trading sessions in a row. However, Ventura Securities continues to maintain a ‘sell’ rating with a price target of ₹50, saying, "Suzlon Energy is a great business but not at a great price." The bull case for Suzlon Energy Analysts have set price targets for Suzlon Energy based on the next three years of earnings and revenue estimates. Strong order book Lower competitive intensity Suzlon’s 32% market share in wind energy India's wind addition to touch 500 GW by 2030 Strong execution and favourable government policies But these represent both an opportunity and a threat for Suzlon Energy.