Suzlon Enerji hisseleri geriledi; Motilal Oswal 73% yükseliş potansiyeli görüyor

Kısaca

Suzlon Enerji hisseleri bir yılda yaklaşık 30% değer kaybetti; 38,69 Rs civarında işlem görüyor. Motilal Oswal, FY27’nin ikinci yarısında 2,1 GW teslimat bekliyor ve 65 Rs hedefle yüzde 73 yükseliş potansiyeli görüyor. Sipariş kitabı Q1 FY27 sonunda 5,9 GW olarak kaydedildi ve üçüncü çeyrek FY28’e kadar görünürlük sağlıyor.

Ana mesele

Suzlon Enerji hisseleri geçtiğimiz 12 ayda yüzde otuz düştü; analizciler yükseliş potansiyeli görüyor.

Ne değişti?

Motilal Oswal, FY27’nin ikinci yarısında gelir ivmesinin güçlenmesini bekliyor ve hedef fiyatı 65 rupiden yüzde yetmiş üçluk yükseliş potansiyeliyle telkin ediyor.

Beni nasıl etkiler?

Yatırımcılar için kısa vadeli alım sinyali olabilir; hasılat görünümü iyileşiyor.

Ne oldu?

Suzlon hisseleri son dönemde kayıplar yaşadı; Motilal Oswal olumlu görüşünü korudu.

Neden şimdi?

İkinci yarı için gelir ivmesi ve teslimat artışı beklentisi mevcut.

Neden önemli?

Güç arzı talebiyle yenilenebilir kapasite yatırımları odak noktası; pay piyasasında hareketlilik doğurabilir.

Kimler etkileniyor?

• Yatırımcılar
• Küresel yenilenebilir enerji tedarik zinciri katılımcıları

Sektör ve piyasa etkisi

Hisse içi ve enerji hisseleri üzerinde olumlu yönde hareketlilik talebi doğurabilir.

Riskler

• Piyasa volatilitesi
• Regülasyon değişiklikleri
• TESİSAT ve sipariş akışında belirsizlik

Takip edilmesi gerekenler

• H2 FY27 teslimatlar (yaklaşık 2,1 GW) gerçekleşecek mi?
• ALMM gibi yerel içerik regülasyonlarının uygulanması ve etkisi
• EBITDA bileşenlerinin 22% CAGR hedefi doğrulanacak mı?

Haberin tamamı

Shares of Suzlon Energy have seen a downturn recently, falling around 30% in a year. However, Motilal Oswal Financial Services sees 73% upside potential in the renewable energy player, expecting the company’s earnings momentum to strengthen in the second half of FY27.The company's shares jumped 3% in early trade to Rs 38.69 apiece on NSE on Monday morning after Motilal Oswal reiterated its bullish ‘Buy’ call on the stock.

The domestic brokerage explained that after the recent correction, which has extended over the past three months, the stock trades at a 20% discount to its historical averages.Suzlon Energy's earnings momentum to strengthen in H2: Motilal OswalGiven the seasonal nature of earnings with the second half typically contributing 60-65% of annual EBITDA, Motilal Oswal expects earnings momentum to strengthen in the second half of FY27 as deliveries are expected to rise to 2.1 GW from the estimated 1.2 GW in the first half.

It noted that Suzlon’s order book stood at 5.9 GW as at the end of Q1 FY27, providing 100% visibility on Motilal’s estimated deliveries through the third quarter of FY28. The domestic brokerage expects Suzlon Energy to deliver EBITDA CAGR of 22% over FY26-28.Also read | Suzlon to diversify beyond wind; pump Rs 500 cr in new arm this fiscalIndia added around 3 GW of wind capacity in the first half of FY27.

Historically, installations in the second half have been 1.5x those in the first half; the implied addition of around 4.5GW in H2 FY27 would take FY27 additions to nearly 7.5 GW, in line with the MNRE’s expectation of 7.5-8 GW, Motilal Oswal said.

“Rising power demand, particularly during evening peak hours, should support greater deployment of wind capacity through wind-solar hybrid and FDRE projects,” it added.“Suzlon Energy stands to benefit from regulatory tailwinds mandating local content (ALMM for wind), a robust order book providing strong revenue visibility, and execution improvements through proactive land acquisition and EPC expansion initiatives,” said Motilal Oswal as it retained its ‘Buy’ call on the shares of the renewable energy player with a target price of Rs 65 apiece, implying 73% upside potential.Suzlon Energy share priceSuzlon Energy shares have fallen more than 12% in one month and 26% in 2026 so far, dropping nearly 30% in one year.In the longer term, the stock has gained more than 42% in three years and delivered multibagger returns of more than 470% in five years.

The company has a market capitalisation of more than Rs 52,813 crore.Also read | Sebi imposes penalty on Suzlon, executives for misstating financialsDisclaimer: This article has been written by Debaroti Adhikary, who is not a SEBI-registered Research Analyst or an Investment Adviser. Debaroti Adhikary and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication.

The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here.

Kaynaklar

• Economic Times - Markets