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Suzlon Energy Limited, a pioneer in India’s wind energy sector, has been a symbol of innovation and leadership since its inception. Today, we delve into the journey of this renewable energy heavyweight and analyze its stock performance amidst the market dynamics.
Suzlon: The Wind Power Trailblazer
Suzlon’s journey, which began in 1995 amidst an energy deficit in India, has been nothing short of remarkable. The company’s founder, Tulsi Tanti, realized that a sustainable solution to the energy crisis would be the utilization of wind energy. Thus began Suzlon’s journey from installing two wind turbines in Gujarat to securing international orders within a decade.
“Suzlon is proud to play an active part in the rapidly growing wind energy capacity of India.”
In 2003, Suzlon secured its inaugural order in the USA from DanMar & Associates. By 2006, it had diversified into blade manufacturing and acquired Belgian company Hansen Transmissions for $565 million. Its rapid expansion continued with majority share acquisition in Germany’s Senvion at around US$1.6 billion.
Suzlon Energy: Expansion And Dominance
Suzlon showcased its global dominance with significant contracts and strategic divestments throughout the late 2000s and early 2010s.
“Harnessing Wind Energy for a brighter tomorrow.”
In June 2007, it entered into a contract with US-based Edison Mission Energy (EME) for supplying 150 wind turbines. In November 2009, aiming to restructure its debt, Suzlon decided to divest a 35% share in Hansen generating $370 million.
By FY16, Suzlon’s total borrowings had reduced significantly from ₹17810.96 crore in FY15 to ₹11430.76 crore leading to an impressive milestone on January 17th, 2017 when it successfully installed wind energy mechanisms capable of producing over 10k MW across India.
Suzlon Share: Price History
The rise and fall of Suzlon’s share price have been as dynamic as its operational narrative. From touching an all-time high of INR 380 in January 2008 to trading around INR 40 by 2012 and then hovering between INR 3-7 by end-2020; the volatility has kept investors on their toes.
However, as we entered mid-2022, the stock value climbed above INR10 marking a recovery rally that gained momentum well into the first half of this year.
Suzlon Share Price: Technical Analysis
A recent bullish trend has sparked intense buying momentum near immediate resistance levels after breaking above ₹12 mark.
According to TradingView data:
| Date | Closing Price |
|---|---|
| Now | ₹20.2 |
| Support Level | ₹13.5 |
The Balance of Power (BoP) indicator is currently trading at -0.38 indicating sellers dominating near ₹20 while RSI-14 indicator suggests potential breakout above its Fibonacci level for achieving short-term bullish goals.
If shares continue surging towards resistance at ₹30 or even upper limit at ₹37 could be possible but failure may trigger bearish downtrend towards ₹8.
Predicting The Future Of Suzlon Shares
Prediction For Year End (2023)
The average price is anticipated around ₹12 based on global transitions towards sustainable energy and strategic ventures by Suzlong; minimum price could touch around ₹20 while maximum may reach up to ₹40.
Long-Term Predictions (2028 -2030)
By decade end average prices could hover between:
| Year | Average Price |
|---|---|
| 2028 | ₹85 |
| 2029 | ₹100 |
| 2030 | ₹115 |
This period reflects realization of renewable energy targets globally and Suzlong’s stronghold in market.
Recent Developments & Conclusion
On August8th,Suzlong announced securing shareholders’ approval for raising funds through Qualified Institutional Placement(QIP),boosting its share price further.The company continues exploring new markets & technologies while undertaking strategic financial decisions emphasizing fund-raising & debt restructuring.
As India prioritizes sustainable energy,Suzlong’s comprehensive portfolio places it at top.However,it is advised that investors do their own research before investing.
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Suzlon Energy Limited, a pioneer in India’s wind energy sector, has been a symbol of innovation and leadership since its inception. Today, we delve into the journey of this renewable energy heavyweight and analyze its stock performance amidst the market dynamics.
Suzlon: The Wind Power Trailblazer
Suzlon’s journey, which began in 1995 amidst an energy deficit in India, has been nothing short of remarkable. The company’s founder, Tulsi Tanti, realized that a sustainable solution to the energy crisis would be the utilization of wind energy. Thus began Suzlon’s journey from installing two wind turbines in Gujarat to securing international orders within a decade.
“Suzlon is proud to play an active part in the rapidly growing wind energy capacity of India.”
In 2003, Suzlon secured its inaugural order in the USA from DanMar & Associates. By 2006, it had diversified into blade manufacturing and acquired Belgian company Hansen Transmissions for $565 million. Its rapid expansion continued with majority share acquisition in Germany’s Senvion at around US$1.6 billion.
Suzlon Energy: Expansion And Dominance
Suzlon showcased its global dominance with significant contracts and strategic divestments throughout the late 2000s and early 2010s.
“Harnessing Wind Energy for a brighter tomorrow.”
In June 2007, it entered into a contract with US-based Edison Mission Energy (EME) for supplying 150 wind turbines. In November 2009, aiming to restructure its debt, Suzlon decided to divest a 35% share in Hansen generating $370 million.
By FY16, Suzlon’s total borrowings had reduced significantly from ₹17810.96 crore in FY15 to ₹11430.76 crore leading to an impressive milestone on January 17th, 2017 when it successfully installed wind energy mechanisms capable of producing over 10k MW across India.
Suzlon Share: Price History
The rise and fall of Suzlon’s share price have been as dynamic as its operational narrative. From touching an all-time high of INR 380 in January 2008 to trading around INR 40 by 2012 and then hovering between INR 3-7 by end-2020; the volatility has kept investors on their toes.
However, as we entered mid-2022, the stock value climbed above INR10 marking a recovery rally that gained momentum well into the first half of this year.
Suzlon Share Price: Technical Analysis
A recent bullish trend has sparked intense buying momentum near immediate resistance levels after breaking above ₹12 mark.
According to TradingView data:
| Date | Closing Price |
|---|---|
| Now | ₹20.2 |
| Support Level | ₹13.5 |
The Balance of Power (BoP) indicator is currently trading at -0.38 indicating sellers dominating near ₹20 while RSI-14 indicator suggests potential breakout above its Fibonacci level for achieving short-term bullish goals.
If shares continue surging towards resistance at ₹30 or even upper limit at ₹37 could be possible but failure may trigger bearish downtrend towards ₹8.
Predicting The Future Of Suzlon Shares
Prediction For Year End (2023)
The average price is anticipated around ₹12 based on global transitions towards sustainable energy and strategic ventures by Suzlong; minimum price could touch around ₹20 while maximum may reach up to ₹40.
Long-Term Predictions (2028 -2030)
By decade end average prices could hover between:
| Year | Average Price |
|---|---|
| 2028 | ₹85 |
| 2029 | ₹100 |
| 2030 | ₹115 |
This period reflects realization of renewable energy targets globally and Suzlong’s stronghold in market.
Recent Developments & Conclusion
On August8th,Suzlong announced securing shareholders’ approval for raising funds through Qualified Institutional Placement(QIP),boosting its share price further.The company continues exploring new markets & technologies while undertaking strategic financial decisions emphasizing fund-raising & debt restructuring.
As India prioritizes sustainable energy,Suzlong’s comprehensive portfolio places it at top.However,it is advised that investors do their own research before investing.
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