Suzlon Share Price Target 2022, 2023, 2024, 2025, and 2030

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Suzlon share price target 2022, 2023, 2024, 2025, and 2030: In this article, you will learn about Suzlon share price target 2022, 2023, 2024, 2025, and 2030, along with the fundamentals and financials of the company.

For every investor, it is important to know about the company in which they are investing, to get the confidence to hold the stock for the long term. To make it clear to you, in this article we have mentioned Suzlon share price target 2022, 2023, 2024, 2025, and 2030, along with the fundamentals of the company.

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Suzlon: Company profile

Suzlon Group is among the world’s leading renewable energy solutions providers that is revolutionizing and redefining the way sustainable energy sources are harnessed across the world. Present in 18 countries across Asia, Australia, Europe, Africa, and the Americas, Suzlon is powering a greener tomorrow with its strong competencies in renewable energy systems. Suzlon’s extensive range of robust and reliable products backed by its cutting-edge R&D and more than two decades of expertise are designed to ensure optimum performance, higher yields, and maximum return on investment for the customers.

Sustainable development is the creed that underpins Suzlon’s bespoke initiatives to protect the environment, strengthen communities and propel responsible growth. Suzlon is headquartered in One Earth – Pune, which is a Platinum LEED (Leadership in Energy and Environment Design) certified and GRIHA 5 star rated campus and is also among the greenest corporate campuses in the world.

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Suzlon Share Price Target

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Suzlon Share Price Target

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Suzlon Share Price Target 2022

Suzlon is a leader in the wind energy space since 1995, Suzlon offers a 360-degree solutions package to its customers that covers the entire spectrum of wind energy projects. With over 12,170 wind turbines installed across six continents and 14 world-class, wind turbine manufacturing facilities in India, Suzlon wind energy solutions have become the byword for innovation and competitive advantage.

Providing an all-encompassing solution to wind-energy projects in the form of Wind Turbine Generators (WTGs) that are infused with state-of-the-art technology from their blades, nacelle, towers, and foundations. These WTGs carry the hallmark of reliability and sustainability and have a proven track record of enabling customers to maximize their return on investments.

Suzlon’s two decades of expertise in providing renewable energy solutions and deep knowledge of wind energy has helped it to become of the world’s largest and leading producers of wind turbines in the world. The organization also pioneered the Concept to Commissioning model in wind energy, enabling it to meet the breadth and depth of customer requirements across the renewable energy value chain.

The multi-dimensional approach adopted by Suzlon to value engineering and cost reduction provides better margins and a competitive advantage to its customers thereby being able to provide and sustain the very best in renewable energy solutions while maintaining an eco-friendly approach. Considering the above factors, Suzlon share price target for 2022 is Rs 17.

Suzlon Share Price Target 2022
Rs 17

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Suzlon Share Price Target 2023

With 1.5 GW of installations in FY21, India was the second leading country in the Asia-Pacific region after China, in wind energy installations. India is today the world’s fourth-largest onshore wind market in terms of wind energy installations, with 39.24 GW of wind capacity as of March 31, 2021. As per the report of the National Institute of Wind Energy, India has a total potential for 695 GW of wind energy at 120 m hub height. Wind energy today accounts for more than 10% of the overall installed power capacity in India and more than 42% of the renewable energy capacity in the country.

Having one of the largest consumption growths, India will have to play a defining role to provide affordable electricity to its citizens, while powering the economy and accelerating its renewable energy ambitions to reduce its carbon footprint. Renewable energy is the most viable solution to meet all these requirements. Being the world’s third-largest energy producer and the third-largest consumer of electricity, the energy demand in India is all set to grow by 6-7% year-on-year over the next decade.

The various initiatives by the Government of India like ‘Make in India’, ‘Aatmanirbhar Bharat’ and ‘National Mission for Enhanced Energy Efficiency’ are focussed on creating long-term sustainable jobs, a low-carbon energy roadmap, promoting local manufacturing, and lowering the cost of import for the nation. The wind energy market in India is aligned with the objectives of the Government of India. Considering all the above factors and opportunities that Suzlon has in the future, Suzlon share price target 2023 is Rs 24.

Suzlon Share Price Target 2023
Rs 24

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Suzlon Share Price Target 2024

With renewable energy increasingly becoming one of the lowest-cost sources of power, it holds the key to making all industry sectors more productive by reducing energy costs. As per a report by the Council on Energy, Environment, and Water (CEEW), India can easily double the number of jobs through the power sector by 2030, provided it follows an ambitious decarbonization pathway.

By 2050, India can actually employ more than 3.2 million people in the renewable energy sector. MSMEs, which contribute around 24.63% of the GDP from service activities and make up for 33.4% of India’s manufacturing output, will be the biggest beneficiary of renewable energy.

Presently, the electricity cost borne by MSMEs makes up to 50% of their total expenses. Switching to a clean form of energy will actually help them reduce their costs and focus on improving their competitiveness. Considering that there is a bright future for Renewable energy sector companies as the government of India is pushing towards renewable energy. Suzlon share price target for 2024 is Rs 36.

Suzlon Share Price Target 2025
Rs 36

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Suzlon share price target 2025

An increase in market competitiveness, low tariffs, and emerging alternative cheap source of energy like solar has compelled the wind turbine makers to focus on technology and product improvisation. Suzlon taking lead in this direction has invested in enhancing its product portfolio to compete with and stand against the growing market challenges.

Suzlon has strong knowledge and operating expertise of 25+ years in the wind turbine manufacturing sector in India and is pleased to share that its inception customer continues to take pride in its association. Suzlon robust technology has enabled it to not only achieve the designed life but also to increase the turbine life with refurbishment and necessary safety assessments. Products optimized for the market to generate higher yields than the previous models are:

  • S120-140 (6-7% higher energy yield over S111).
  • S128-140 (20-22% higher energy yield over S120).
  • S133-140 (23-25% higher energy yield over S120).

In FY 21, Suzlon launched a new turbine model S133 in 2 variants viz.140m Hybrid Tubular-Lattice tower and 160m Hybrid Tubular-Lattice tower. These continuous developments show that the group is focused on spending on various R&D technologies to provide customers with world-class technology and products. although Suzlon has a threat from Solar energy, the company is working to introduce new products by spending a huge amount on R & D. By considering all these factors, Suzlon share price target for 2025 is Rs 46.

Suzlon Share Price Target 2025
Rs 46

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Suzlon share price target 2030

As of March 31, 2021, India’s total wind capacity stood at 39.24 GW, reflecting 3.94% growth as compared to 6.25% in FY 20.

Suzlon share price target

India’s new installations in FY 21 stood at 1.5 GW, with a slight decrease from 2.22 GW added in the previous year. In CY 20, India witnessed 1.1 GW of onshore wind projects installation, the slowest pace of new build in the last 10 years. As the world’s third-largest producer and fourth-largest consumer of electricity, India’s energy demand is expected to grow between 6-7% Y-o-Y over the next decade.

Current government initiatives like Make in India, Power to All, and Atmanirbhar Bharat are aiming to create low-carbon energy systems which will require large-scale renewable energy supply. Hence, as a clean, affordable and sustainable energy resource wind may play an important role for India to meet the growing electricity demand and wider strategic energy objectives. Achieving the government of India’s goal of renewable energy, wind energy will play a major role, considering the opportunities Suzlon has in the future, Suzlon share price target of 2030 is Rs 124.

Suzlon Share Price Target 2030
Rs 124

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Suzlon share price target 2022, 2023, 2024, 2025, and 2030

YearShare Price Target
Suzlon Share Price Target 2022Rs 17
Suzlon Share Price Target 2023Rs 24
Suzlon Share Price Target 2024Rs 36
Suzlon Share Price Target 2025Rs 46
Suzlon Share Price Target 2030Rs 124

Frequently asked questions

What is the future of Suzlon?

If you read the article, you can clearly understand that there are a lot of opportunities for renewable energy sector companies. To achieve the renewable energy goal set by the government of India, Wind energy also plays a major role. Suzlon is the leading company in wind energy, if Suzlon is able to capitalize it, Suzlon will benefit a lot from renewable energy push by the government of India.

Can Suzlon bounce back?

Considering the current situation like the government of India’s push towards renewable energy, Suzlon can bounce back if it is able to capitalize on the opportunities. Win energy will play a crucial role in achieving the target set by the government of India.

Does Suzlon have a future?

Suzlon company has a lot of opportunities to grow its business again in the future. To achieve the renewable energy goal set by the government of India, Wind energy also plays a major role. Suzlon is the leading company in wind energy, if Suzlon is able to capitalize it, Suzlon will benefit a lot from the renewable energy push by the government of India.

What is the target for Suzlon?

Suzlon share price target for 2022 is Rs 17, Suzlon share price target for 2023 is Rs 24, Suzlon share price target for 2024 is Rs 36, Suzlon share price target for 2025 is Rs 46, and Suzlon share price target for 2030 is Rs 124.

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