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Stocks To Watch Today: Nestle, Meesho, ONGC, Ather Energy, Suzlon
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Buy, Sell Or Hold: Suzlon Energy, TCS, Blue Star, Zen Tech, Kwality Walls — Ask Profit
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Suzlon advances 2% as JM Financial backs FY31 growth plans, sees 17% upside
The brokerage said Suzlon is recalibrating its strategy from product sales to project sales and, eventually, to becoming a solutions provider
Suzlon Energy shares rise 2% after firm announces foray into solar, battery storage businesses under 'Suzlon 2.0'
Suzlon Energy shares gained on Thursday after the company unveiled its ‘Suzlon 2.0’ strategy, expanding beyond wind energy into solar and battery storage solutions. The company aims to build a 15 GW order book by FY31, quadruple renewable energy sales and strengthen its position as a full-stack renewable energy player.
Stocks in news: Rajesh Exports, Lenskart, Suzlon Energy, Aurobindo Pharma, Tata Motors
Indian markets saw volatility and closed lower on Wednesday. Key companies are in focus due to significant developments. SoftBank reduced its stake in Lenskart. Sebi issued an interim order against Rajesh Exports. Tata Motors revised its Avinya EV strategy. Suzlon Energy is diversifying into battery storage. RIL's subsidiary signed MoUs with the Haryana Government.
Suzlon seeks to put the wind in all sails of its renewables ship
Suzlon Group is set to significantly expand its renewable energy business. The company aims to quadruple annual sales to 10 GW and grow managed assets to 70 GW by FY31. Suzlon will now offer integrated solutions including wind, solar, and battery storage. A new battery manufacturing facility is planned.
Suzlon seeks to put the wind in all sails of its renewables ship
Suzlon Group is set to significantly expand its renewable energy business. The company aims to quadruple annual sales to 10 GW and grow managed assets to 70 GW by FY31. Suzlon will now offer integrated solutions including wind, solar, and battery storage. A new battery manufacturing facility is planned.
Suzlon to diversify beyond wind; pump Rs 500 cr in new arm this fiscal
Wind turbine maker Suzlon is diversifying into battery storage and a new platform called RE DevCo. This move aims to make Suzlon a complete renewable energy solutions provider. The company plans significant investments in the coming years. Suzlon also has ambitious goals to expand its renewable energy sales and orderbook substantially by 2031.
Suzlon unveils 'Suzlon 2.0', targets 10 GW annual renewable energy sales by FY31
Suzlon Group is launching 'Suzlon 2.0', a new growth strategy. The company plans to significantly increase renewable energy sales and assets under management by 2031. Suzlon is seeking to evolve from a turbine maker to a comprehensive renewable energy solutions provider. This will include wind, solar and battery storage.
Suzlon share price rebounds from day’s low after announcement of this growth plan
Suzlon share price has fallen 3% in one month and has rallied over 32% in three months. The stock has gained 3% in six months, but has fallen 20% in one year. Suzlon shares have delivered multibagger returns of 393% in three years.
No More Just A Wind Company? Suzlon 2.0 Looking To Expand Into Solar, Battery Energy
The company expects 60% of revenues from its targeted 10 GW renewable energy portfolio to eventually come through the DevCo model by FY31.
Suzlon unveils 'Suzlon 2.0', targets 10 GW annual renewable energy sales by FY31
As part of the strategy, Suzlon plans to quadruple its annual renewable energy sales to 10 GW by FY31, expand its order book to 15 GW from the current 5.7 GW, and increase its renewable energy assets under management (AUM) to 70 GW from current levels.