Deven Choksey Research has reiterated a BUY rating on Suzlon Energy Ltd ahead of its Q1FY27 results, setting a revised target price of Rs 65 — a 22% upside from the current market price of Rs 53.

Deven Choksey Research has initiated coverage on Suzlon Energy Ltd.

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.

India’s clean energy sector has emerged as one of the strongest-performing pockets of the equity market in 2026, even as broader indices struggled with volatility and sectoral rotation.

ICICI Securities has reiterated a BUY (Maintain) rating on Suzlon Energy with a target price of Rs 65, implying a 51% upside from the current market price of Rs 43.