Suzlon Energy’s shares closed Thursday, Jan. 22, at 46.99 rupees, rising 3.2%, following Systematix’s launch of coverage on the wind turbine maker with a buy rating and a 67-rupee target price. Over the past year, the stock has swung between 45.37 and 74.30 rupees, with a market cap near 64,400 crore rupees, according to data from Economic Times. The fresh call comes as the stock has been volatile, dropping 15% so far in FY26, the fiscal year ending March 2026, Motilal Oswal Financial Services noted in a report shared by Moneycontrol. The firm pointed to investor worries that solar-plus-battery energy storage systems bids might cut into wind’s share in certain tenders, along with slower installations and intensifying competition. Still, they argued the current price presents a better “risk-reward” balance.