Suzlon shares gain on finalising sale of corporate office to 360 ONE

OE Business Parks is a special-purpose vehicle, shares of which are held by funds managed by 360 ONE Alternates Asset Management. Upon completion of the sale, the One Earth Property will be leased back to Suzlon for five years with sub-leasing and licensing rights.

Over the past year, the stock has surged more than 200 percent, tripling investors' capital. This impressive rise has been fueled by strong quarterly financial results, strategic debt reduction, and substantial order wins.

Analysts are bullish on Suzlon's future, highlighting the company's strong position to compete for PSU tenders, including those from NTPC. They anticipate Suzlon will secure significant orders in FY25 and beyond, benefiting from reduced competitive pressure.

By the end of Q1FY25, Suzlon Energy's order book hit a record high of 3.8 GW, the largest in its history. The current orders are slated for execution through FY26, with a significant portion expected to be fulfilled in FY25.

Suzlon Energy expects to commission 5.0 to 5.5 GW of projects in FY25, with plans to increase this to 6.5-7.0 GW in FY26 and further to 8.0-9.0 GW by FY27. Following a robust operational turnaround, both domestic and international brokerage firms have repeatedly raised their target prices on Suzlon with the stock breaching them ahead of time.

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