JM Financial cuts Suzlon Energy’s target price to Rs 71, cites execution challenges
JM Financial has revised its target price for Suzlon Energy, lowering it to Rs 71 from Rs 80, while maintaining a ‘Buy’ rating. The brokerage cited execution challenges and a moderation in the P/E multiple from 40x Dec’26 to 35x Mar’27 as key reasons for the downgrade.
Despite the target price cut, JM Financial sees a potential 29% upside from the previous day’s closing price of Rs 55.
Suzlon’s order book stands at 5.9GW, its highest ever, reflecting strong industry demand. However, execution challenges, particularly land availability and Right of Way (RoW) issues, remain a concern.
JM Financial stated, “The order book stands at 5.9GW, but execution remains a key concern, particularly regarding land availability with clear Right…
