Mon Feb 03 09:30:00 IST 2025: ## Suzlon Energy Shares Surge on Positive Brokerage Reports and Q3 Results
**Mumbai, February 1, 2025** – Suzlon Energy shares experienced a dramatic surge today, hitting their 5% upper circuit limit early in trading for the fourth consecutive day. This follows a five-day streak of gains, resulting in a more than 22% increase in share price over that period. Around 10:00 AM, shares were locked at ₹61.06 on the NSE. A significant block deal worth approximately ₹260 crore also occurred.
The rally is fueled by positive brokerage reports. Morgan Stanley issued an “overweight” rating, projecting a price target of ₹71 per share, citing expectations of easing land acquisition challenges in the wind energy industry from FY26 onwards and planned investments of ₹350-400 crore in new blade manufacturing plants in Madhya Pradesh and Rajasthan. Nuvama Institutional Equities upgraded its rating from “hold” to “buy” after Suzlon’s strong December quarter results, highlighting improved execution with capacity expansion to 4.5 GW. While overall installations remained lower than the previous year (241 MW vs 618 MW in the first nine months of the fiscal year), Nuvama noted a healthy 5.5 GW order book, suggesting revenue stability for the next 24 months. Nuvama’s target price was ₹60, but today’s surge exceeded that.
Suzlon Energy reported a 91% jump in net profit for the third quarter to ₹387 crore, up from ₹203 crore year-on-year, alongside a 91% revenue increase to ₹2,969 crore. The company also delivered a record 447 MW during the December quarter, with strong growth in its wind turbine generator segment.
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