# Suzlon Energy shares down 29% in 2026

> Suzlon Energy shares drop 29% in 2026 as retail investors face pressure on wind energy stock.
- Title: Suzlon Energy shares down 29% in 2026 · mint | Shortify
- Summary: Suzlon Energy shares drop 29% in 2026 as retail investors face pressure on wind energy stock. Suzlon Energy shares fell 29% in 2026 due to execution concerns…
- Keywords: suzlon energy, wind energy, retail investors, share price, 2026, margins, order book, h2 fy27, money, business, Suzlon, Energy
- Source: mint — https://livemint.com/market/stock-market-news/share-price-down-29-in-2026-retail-investors-favourite-wind-energy-stock-under-pressure-where-is-the-bottom-11791556837036.html
- Author: A Ksheerasagar
- Published: 2026-10-09T16:14:34+00:00
- Read time: 1 min
- Topics: suzlon energy, wind energy, retail investors, share price, 2026, margins, order book, h2 fy27, money, business
## Suzlon Energy shares fall sharply
Suzlon Energy shares have fallen sharply in 2026 amid concerns about execution, margins and cash generation despite a 6,135 MW order book.
## Cumulative losses reach 36%
The stock has closed each of the past three months in the red, with selling pressure intensifying in October and cumulative losses hitting 36%.
## Year-to-date losses at 29%
Persistent selling has widened year-to-date losses to 29%, putting the stock on track for its steepest annual decline since 2019.
## Order book conversion concerns
Investors worry whether Suzlon can convert its strong order book of more than 6 GW into actual revenue, similar to 2025 slowdown.
## Q1 FY27 financials
In Q1 FY27, revenue rose 22% year-on-year to ₹ 3,829 crore, but EBITDA stayed flat at ₹ 595 crore due to margin slip to 16%.
## Cash flow and institutional buying
FY26 operating cash flow was only 40% of EBITDA, but combined FII and DII holdings rose to 35.3% in June 2026.
## H2 FY27 margin test
Garg said the test is H2 FY27 and whether margins will climb back to the 17, 18% guidance for recovery.
## Technical breakdown
The stock is in Stage 4 downtrend with resistance near ₹ 46, 49, and a price below the 40-week EMA at ₹ 48.95 indicates Stage 4A.
## Key levels for investors
Overhead supply starts at ₹ 46, 47, with the next resistance at the 40-week EMA near ₹ 49, and the key structural reference at low-to-mid ₹ 30s.
## Key takeaway

Suzlon Energy shares fell 29% in 2026 due to execution concerns despite a strong order book, with investors watching H2 margins for recovery.