Suzlon Energy Ltd (SUZLON)

Suzlon Energy Surges After Strong Q1 Results - 24 Jul, 2024

Shares of Suzlon Energy surged 10% to an all-time high of Rs 60.71 after reporting Q1FY25 net profit of Rs 302 crore, up 200% YoY. The company also reported its largest-ever order book of 3.8 GW since inception. Anand Rathi Shares and Stock Brokers picked Suzlon as a beneficiary of strategic measures announced in the budget. Morgan Stanley remains bullish on Suzlon with a target price of Rs 58.5 per share.

Suzlon Energy Records Strong Q1 FY25 Results - 23 Jul, 2024

Suzlon Energy's Q1 FY25 results show a remarkable increase in revenue, EBITDA, profit after tax, and net cash position. The company achieved its highest wind turbine deliveries in seven years and gross debt was significantly reduced.

Suzlon Energy Reports Strong Q1 Results and Achieves Record-Breaking Order Book - 22 Jul, 2024

Suzlon Energy reports a 200% YoY rise in Q1 net profit, achieves a record-breaking order book of over 3.3 GW in FY24, Anand Rathi maintains Buy rating.

Suzlon Energy to Announce Q1 Results Tomorrow - 21 Jul, 2024

Suzlon Energy is set to announce its Q1FY25 unaudited financial results tomorrow, with a conference call scheduled for analysts and investors on July 24th. The company has seen significant growth in revenue over the past two quarters.

Policy Recommendations Predicted to Benefit Suzlon Energy - 19 Jul, 2024

Suzlon Energy is predicted to benefit from new policy recommendations discouraging new players due to high entry-level costs. The company's ROCE has increased to 20%.

Suzlon Energy Receives Penalty Orders from Customs Office - 17 Jul, 2024

Suzlon Energy has received two penalty orders totaling over Rs 19.82 crore for separate customs regulation violations. The company will appeal both orders and contest the allegations and penalties imposed by the customs authorities.

Suzlon Faces Penalty Notice and Exclusion from Collateral Eligibility - 16 Jul, 2024

Suzlon Energy faces a penalty notice of Rs. 15.54 crore from the Office of the Commissioner of Customs, Maharashtra, and exclusion from the list of eligible collateral for margin funding by NSE starting August 1. The company also signed an agreement with CESC for the supply and maintenance of wind turbines.

Suzlon Energy Signs Framework Agreement with CESC Subsidiary - 15 Jul, 2024

Suzlon Energy has signed a framework agreement with Purvah Green Power Pvt. Ltd., a step-down subsidiary of CESC, for the supply, EPC, and operations of wind turbines to be commissioned over the next 2-4 years. The market has not fully appreciated Suzlon's growth potential yet, as it expects wind orders worth $31 billion in the next five years.

Suzlon Energy Dropped from NSE Collateral List - 12 Jul, 2024

Suzlon Energy has been dropped from the National Stock Exchange's (NSE) list of securities eligible as collateral for margin funding used in intraday or derivatives trading due to non-fulfillment of eligibility criteria.

Suzlon Energy Stock Hits New Highs Amid Positive Tailwinds - 05 Jul, 2024

Shares of Suzlon Energy surge over 4% to hit an intraday high of Rs 56.49, its highest level since June 2010. The stock eventually settled 2.68% up at Rs 55.48. Analysts have a buy recommendation on the stock with ICICI Securities and Morgan Stanley setting price targets of Rs 60 and Rs 58.5 respectively.

Suzlon Energy Increases Market Share to 27% - 03 Jul, 2024

Suzlon Energy's market share has increased from 22% in FY23 to 27% in FY24. The company's revenue rose by 9.5%, while net profit declined by 77%. Promoters hold a 13.28% stake, FIIs hold 19.57%, and DIIs hold 6.30%. Suzlon Energy shares have gained 38% over the last six months and 257% over the last year.

Suzlon Secures Order for Wind Turbines - 28 Jun, 2024

Suzlon Energy has secured an order for its 3 MW series of wind turbines from Serentica Renewables for their upcoming 204 MW wind power project in Karnataka. Suzlon's balance sheet looks solid despite having liabilities totalling ₹9.93b more than its cash and near-term receivables combined.

Suzlon Energy Stock Shows Promise with Breakout Above Rs 50 Level - 27 Jun, 2024

Suzlon Energy's stock has shown promise with a recent breakout above the Rs 50 level. Analysts predict short-term targets of Rs 58-60 levels, with a stop loss at Rs 50.