From mint · A Ksheerasagar · · 1m 50s
Suzlon Energy shares down 29% in 2026
Suzlon Energy shares drop 29% in 2026 as retail investors face pressure on wind energy stock.
In brief
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 despite a strong order book, with investors watching H2 margins for recovery. Originally reported by mint.
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.
The takeaway
Suzlon Energy shares fell 29% in 2026 due to execution concerns despite a strong order book, with investors watching H2 margins for recovery.
