Suzlon share price target 2023, 2024, 2025, and 2030: In this article, you will learn about Suzlon share price target 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 2023, 2024, 2025, and 2030, along with the fundamentals of the company.
Also read: Deepak Nitrite share price target 2022, 2025, 2030.
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.
Share Holding Pattern
Net Sales
Also read: Vodafone Idea share price target.
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 14.
| Suzlon Share Price Target 2023 |
| Rs 14 |
Also read: ITC share price target 2022, 2025, 2030.
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 26.
| Suzlon Share Price Target 2025 |
| Rs 26 |
Also read: Yes Bank share price target 2022, 2025, 2030.
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 36.
| Suzlon Share Price Target 2025 |
| Rs 36 |
Also read: PNB share price target 2022, 2025, 2030.
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.
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 |
Also read: HFCL share price target 2022, 2025, 2030.
Suzlon share price target 2023, 2024, 2025, and 2030
| Year | Share Price Target |
|---|---|
| Suzlon Share Price Target 2023 | Rs 14 |
| Suzlon Share Price Target 2024 | Rs 26 |
| Suzlon Share Price Target 2025 | Rs 36 |
| Suzlon Share Price Target 2030 | Rs 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.
To open a free Demat Account with the best broker in India, click here.
