Brokerages see 73% upside in Suzlon Energy after two-year selloff

Suzlon Energy has emerged as a focus stock among market analysts, with brokerages issuing bullish recommendations on the renewable energy company following an extended period of weakness in its share price. The stock, which has endured sustained selling pressure for approximately two years, is now attracting fresh investor interest based on improved outlooks from research firms.

Analysts tracking the company have issued substantial price targets for Suzlon Energy, with projections suggesting potential gains of as much as 73 percent from current levels. The upgraded sentiment reflects renewed confidence in the company's business fundamentals and growth prospects in India's expanding renewable energy sector.

Brokerages are actively recommending investors initiate or add positions in the stock, marking a significant shift in sentiment after the prolonged period of depreciation. The recommendations come as India continues to accelerate its renewable energy capacity expansion, creating improved demand dynamics for wind energy manufacturers like Suzlon.

For investors seeking exposure to the renewable energy space, Suzlon Energy has positioned itself as a recovery play following the extended correction phase, according to analyst commentary. The upgraded ratings suggest brokerages believe the worst of the selling pressure may have passed for the company.