ICICI Securities has maintained its BUY rating on Suzlon Energy but cut its 12-month target price to Rs 55 from Rs 65, implying about 49% upside from the current market price of Rs 37.

Ventura Securities has re-initiated coverage of Adani Green Energy with a BUY rating and a target price of Rs 1,713, implying 33.4% upside from the current market price of Rs 1,284 over 24 months.

Anand Rathi has maintained a Buy rating on Waaree Energies, though it trimmed the target price to Rs 3,333, implying roughly 27% upside from the current market price of Rs 2,624.

ICICI Securities has maintained a Buy rating on Suzlon Energy, retaining an unchanged target price of Rs 65, implying 35% upside from the current market price of Rs 48.

Suzlon Energy is entering a new phase of growth as it transforms itself from a traditional wind turbine manufacturer into a comprehensive renewable energy solutions provider.

Suzlon Energy share price jumped 5.8 percent while the overall markets remained range-bound. Suzlon Energy could see further strength but the stock also faces strong resistance in Rs 60-65 range.