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Suzlon Energy Ltd, a trailblazer in renewable energy solutions, is a prominent player in Asia’s wind energy sector. Established in 1995, the company has rapidly evolved into one of the largest manufacturers of wind turbines, catering not just to India but also to various international markets. With its innovative designs and commitment to sustainable energy, Suzlon has been instrumental in propelling the wind energy revolution in India and beyond. As of October 16, 2024, the Suzlon share price on the NSE stands at ₹74.94. In this article, we delve into the details of Suzlon’s share price targets for the coming years, exploring the expected trends and crucial factors influencing its financial performance through 2024 to 2030.
Suzlon Energy Ltd: Market Overview
- Open Price: ₹73.71
- High Price: ₹75.65
- Low Price: ₹73.52
- Previous Close: ₹73.71
- Volume: 47,156,496
- Value (Lacs): ₹35,390.95
- VWAP: ₹74.77
- UC Limit: ₹81.08
- LC Limit: ₹66.33
- P/E Ratio: 117.57
- Dividend Yield: N/A
- 52-Week High: ₹86.04
- 52-Week Low: ₹27.05
- Market Cap: ₹1.02 Cr
- Face Value: ₹2
Industry Competitors of Suzlon Energy Ltd
In the dynamic renewable energy landscape, Suzlon faces competition from several key players:
| Competitor | Market Capitalization | Overview |
|---|---|---|
| Gamesa Renewable Energy (Siemens Gamesa Renewable Energy) | ~$10 billion | A global leader in wind energy solutions, offering products and services for onshore and offshore wind projects. |
| Tata Power Company Ltd | ~$10 billion | Engaged in various sectors, including significant investments in renewable energy through wind and solar projects. |
| Adani Green Energy Ltd | ~$27 billion | Focused on renewable energy generation, particularly wind and solar, with a growing presence in the Indian market. |
| ReNew Power | ~$12 billion | One of India’s largest renewable energy firms, with a diverse portfolio emphasizing wind and solar energy technologies. |
| Orient Green Power Company Ltd | ~$1 billion | Specializes in renewable energy projects, including wind and biomass, competing in the Indian renewable energy sector. |
Suzlon Share Price Chart
Suzlon Share Price Target Forecast: 2024 to 2030
| Suzlon Share Price Target Years | Share Price Target (INR) |
|---|---|
| 2024 | ₹98 |
| 2025 | ₹123 |
| 2026 | ₹170 |
| 2027 | ₹217 |
| 2028 | ₹325 |
| 2029 | ₹443 |
| 2030 | ₹560 |
Suzlon Share Price Target 2024: Analysis and Factors Influencing Growth
The expected target for Suzlon’s share price in 2024 is ₹98. Key factors that may influence this growth include:
- Government Policies and Incentives for Renewable Energy: Ongoing governmental initiatives and incentives designed to encourage renewable energy deployment can have a considerable impact on Suzlon’s market position. Initiatives like tax rebates and renewable energy quotas will likely enhance investments in wind energy, positively affecting the company’s share price.
- Technological Advancements and Cost Efficiency: Advancements in technology are vital for maintaining competitive pricing in wind turbine manufacturing. By investing in R&D to elevate turbine performance and operational efficiency, Suzlon can bolster profitability and market share in 2024.
- Global and Domestic Market Dynamics: The demand fluctuations in both local and international renewable energy sectors will crucially impact Suzlon’s revenue. Growing awareness of environmental issues and increasing energy demands will likely enhance sales for Suzlon’s products, subsequently lifting its share price.
Suzlon Share Price Target 2025: Expected Developments
For 2025, the projected target for Suzlon shares is ₹123. The following factors may drive this increase:
- Expansion of Renewable Energy Capacity: Continuous growth in India’s renewable energy capacity, particularly wind, is vital for Suzlon’s market expansion. The company’s ability to acquire forthcoming projects will be a key driver for revenue growth.
- Strategic Partnerships and Collaborations: Forming alliances with governmental bodies, other enterprises, and financial investors can streamline Suzlon’s capacity to undertake larger projects, thereby maximizing revenue potential and boosting share price.
- Commitment to Sustainability: As the global shift towards sustainable practices accelerates, Suzlon’s focus on environmental integrity will enhance its reputation and attract more investments, ultimately promoting share price appreciation.
Suzlon Share Price Target 2030: Long-Term Outlook
The anticipated share price target for Suzlon in 2030 is ₹560. Influential factors shaping this long-term outlook include:
- Global Renewable Energy Transition: A worldwide shift towards renewable sources due to climate change concerns will elevate demand for Suzlon’s offerings, positioning it favorably in the market and leading to a higher share price.
- Technological Innovations in Wind Energy: Ongoing improvements in wind turbine efficiency, such as the introduction of larger turbines, will enhance Suzlon’s competitive position, attracting investment and driving share price growth.